Ballard Power (TSE:BLDP) has released an update.
Ballard Power’s financial update shows a slight decrease in total assets from $1,077,542 in December 2023 to $1,050,391 by March 2024, with total equity also dropping from $991,216 to $951,599 in the same period. The company experienced a net loss, with operational activities resulting in a $42,475 loss for the first quarter of 2024, compared to a $41,452 loss in the same period last year. These figures reflect challenges in generating positive gross margins and controlling operating expenses, impacting the overall financial performance of Ballard Power.
For further insights into TSE:BLDP stock, check out TipRanks’ Stock Analysis page.
