Westport Innovations Inc. the global leader in natural gas engines, has reported financial results for the third quarter ending September 30, 2013 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. Highlights include:

Westport revenue, excluding joint ventures' revenues, for the quarter ended September 30, 2013 was $46.5 million compared with $30.7 million for the same period last year, an increase of 51%.
Westport revenue, excluding joint ventures' revenues, for the nine months ended September 30, 2013 was $111.4 million compared with $115.7 million for the same period last year.
Segment revenue for the quarter ended September 30, 2013 was: $20.3 million for Applied Technologies; $17.8 million for On-Road Systems; $8.4 million for Corporate and Technology Investments; $77.5 million for Cummins Westport Inc. (CWI); and $114.6 million for Weichai Westport Inc. (WWI).
Westport revenue plus CWI revenue for the quarter ended and nine months ended September 30, 2013 was $124.0 million and $311.6 million, respectively, compared with $76.2 million and $270.8 million, respectively, for the same period last year.
In the third quarter of 2013, CWI shipped 2,409 units and WWI shipped 9,080 units.
For the quarter ended September 30, 2013 Westport reported a net loss of $30.2 million, or $0.53 loss per share, compared with $32.5 million, or $0.59 loss per share, for the same period last year.
Subsequent to the quarter ended September 30, 2013, Westport increased cash balance by $148.2 million through a financing transaction, which closed on October 1, 2013.

Address	101 – 1750 West 75th Avenue, Vancouver, BC, V6P 6G2, CA
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Website	wfsinc.com
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