Westport Increases Revenue Expectations for 2011 from $240-250M to $260-264M
Westport Innovations Inc. (NASDAQ: WPRT) today announced it is revising its revenue expectations for the calendar year ended December 31, 2011 with consolidated revenue expected to be between $260 and $264 million. The increase from the Company's previous revenue expectation of approximately $240 to $250 million now represents more than 80% growth compared to Westport's reported consolidated revenue of $144.4 million for the year ended December 31, 2010. For the twelve months ended December 31, 2011, Westport expects to report a net loss per share between $1.26 and $1.28. For the three months ended December 31, 2011, Westport expects to report consolidated revenue of $96 to $100 million and a net loss per share between $0.30 and $0.32.
For the calendar year ended December 31, 2012, Westport expects year over year revenue growth of approximately 50%, with consolidated revenue expected to be between $400 and $425 million.
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