Aetherion Third-Quarter Revenue of 2.6 Million Dollars Rises 60 Percent: The Loss From Continuing Operations Narrows to 3.0 Million Dollars as Cespira Product Revenue Grows 85 Percent
Fuel systems company Aetherion Technologies, previously Westport Fuel Systems, reported financial results for the third quarter ended September 30, 2026 through GlobeNewswire on November 12, 2026, with all figures in United States dollars unless otherwise stated. All figures below are from the body of the company's results release, and this report offers no investment advice.
Third-quarter revenue was 2,591,000 dollars, up 60 percent from 1,617,000 dollars a year earlier. Revenue for the nine months was 7,593,000 dollars, against 21,438,000 dollars a year earlier.
The net loss from continuing operations improved to 2,990,000 dollars, compared with 10,410,000 dollars a year earlier, and the net loss per share was 0.13 dollars, against 0.79 dollars. Adjusted EBITDA was a loss of 4,843,000 dollars, against a loss of 6,313,000 dollars. Cash and cash equivalents were 14.5 million dollars, and long-term debt, including the current portion, was fully repaid in the quarter.
For the Cespira joint venture, third-quarter product revenue was 20,683,000 dollars, up 85 percent, total revenue was 28,247,000 dollars, up 46 percent, and the net loss narrowed to 301,000 dollars. Aetherion reduced its capital contributions to Cespira in the quarter from 11.0 million dollars to 2.8 million dollars.
Cespira's HPDI 3.0 fuel system is scheduled to begin production in the fourth quarter of 2026, with the first equipped vehicles expected on the road in early 2027. Chief executive Dan Sceli said in the release that an equity facility of up to 25 million dollars provides additional financing flexibility.
Source: Aetherion
Published by GSM · USA (original Chinese edition)
Photo: 图：氢能储存与生产设施（Aetherion相关资料图）。Hannes Grobe，CC BY 4.0，Wikimedia Commons。 / Photo: 氢能储存与生产设施. Hannes Grobe, CC BY 4.0, via Wikimedia Commons.
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