NFI Q1 resultsI think it's relevant since GSI has a deal with them.
NFI announces first quarter 2024 results All figures quoted in U.S. dollars unless otherwise noted:
- 2024 Q1 revenue of $723 million; 1,127 equivalent units ("EUs") delivered, up 42% from 2023 Q1, with 201 of EUs delivered being battery- and fuel cell-electric buses ("ZEBs").
- Ending total backlog2 position (both firm and options) reached a record high of 14,783 EUs (valued at $11.7 billion), with 365 EUs in bid award pending; ZEBs represent 39% of total backlog2.
- 2024 Q1 Net loss of $9 million; Net loss per Share of $0.08, and Adjusted Net Loss per Share2 of $0.13.
- 2024 Q1 Adjusted EBITDA2 of $34 million. Ending Total Liquidity2 position of $166 million.
- Aftermarket segment delivers record quarterly performance with $160 million of revenue, and $38 million of Adjusted EBITDA2.
- Reiterate financial guidance for Fiscal 2024 as announced on January 17, 2024, including Adjusted EBITDA2 range of $240 to $280 million; and 2025 Adjusted EBITDA2 target of greater than $350 million.