Westport revenue and gross margin both increased in the most recent quarter, but the company is still striving to reach the stage of true commercialization of its technology.
Westport's just reported first fiscal quarter of 2011 was not a game-changer: a small miss on revenue and an in line earnings per share loss of 21 cents. The revenue miss was attributed to a delay in shipping some product that will show up in the next two quarters, so it won't impact the full year revenue picture.
The Westport earnings didn't provide much incremental information, and the Street maintains its position that the recent trading on the political hopes has to be separated from the multi-year time horizon.
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