A second-quarter loss of USD 1.2 million or USD 0.01 per share is one thing, but a more than 50 percent year-on-year jump in revenue to USD 26.1 million is quite another. Canadian-based Ballard (Nasdaq: BLDP) managed to push the gross margin to 38 percent, so that earnings before interest, taxes, depreciation and amortization were at positive USD 1.1 million. That’s plus USD 0.4 million through the first half year. Revenue grew by 45 percent to USD 49.2 million during the same period.
The area of USV systems – along with the mobility sector and the supply of domestic energy – offers a wide range of possible applications to fuel cells. Since 2010, the Clean Power Net (CPN) sector network has been focusing on companies which work in the areas of the uninterrupted and off-grid supply of electricity, or Smart Grids. One of the most important projects in this field is the large-scale order to the value of 6.6 m. Euros for equipping more than 100 radio masts in Brandenburg, Germany, with fuel cell systems for the purpose of emergency power supply.