Ballard Power Systems Inc.
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 11, 2024
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Contents
EX-99.1 · 31. Operating segments:
- Operating segments:
The Corporation operates in a single segment, Fuel Cell Products and Services, which consists of the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training.
In 2023, revenues included sales toone individual customer of $10,882,000 which exceeded 10% of total revenue. In 2022, revenues included sales totwo individual customers of $9,426,000 and $8,115,000, respectively, which exceeded 10% of total revenue.
BALLARD POWER SYSTEMS INC.Notes to Consolidated Financial StatementsYears ended December 31, 2023, and 2022(Tabular amounts expressed in thousands of U.S. dollars, except per share amounts and numbers of shares)
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