Westport Innovations reported a net loss of $14.5 million ($0.30 loss per share) for the quarter and a net loss of $60.1 million for the first nine months of its fiscal year (a $1.26 loss per share).


For Westport's third fiscal quarter (ended Dec. 31, 2011), the company's consolidated revenues increased to $100.6 million compared to $39.5 million for the same period last year, a 154.7% gain. This increase was driven by rise in Westport LD revenue of $14.7 million to $22.6 million as the company began consolidating Emer on July 1, 2011 and AFV on Oct. 23, 2011.

Westport had an adjusted EBITDA (a non-GAAP measure) of negative $1.4 million compared to negative $7.5 million for the same period in 2010.

For the fiscal year (ended Dec. 31, 2011), reported consolidated revenues were $226.5 million compared to $148.1 million for the twelve months ended March 31, 2011.

For the calendar year 2012, Westport says it expects to continue revenue growth of approximately 50% year-over-year, with consolidated revenue expected to be between $400 million and $425 million.