Aetherion™ Reports Third Quarter 2026 Financial Results
Globe Newswire•12/11/2026•17:00 ET
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Key Highlights
- ➤Going-concern warning: cash insufficient to fund operations through the next twelve months
- ➤Cespira product revenue $20.7 million, up 85% year over year
- ➤Aetherion Q3 revenue $2.6 million, up 60% year over year
- ➤Net loss from continuing operations narrowed to $3.0 million from $10.4 million
- ➤HPDI 3.0 production scheduled for Q4 2026, with vehicles expected early 2027
Expert Statements
Dan Sceli, Chief Executive Officer of Aetherion Technologies Inc.
“Our transition to Aetherion Technologies reflects a renewed focus on the opportunities where our technology and expertise can create the greatest value: practical, scalable and cost-effective solutions for heavy-duty transportation. We are aligning our portfolio and resources around that focus, directing our specialized technical and commercial capabilities to advance solutions for these sectors starting with our high-pressure CNG solution to help open up the North American market for CNG HPDI in heavy-duty trucking. Building on the growth trend that we saw in the first two quarters of 2026, Cespira delivered product revenue growth of 85% in Q3, as compared to the same quarter last year. There clearly is increasing interest amongst commercial fleets globally, and particularly in Europe, reinforcing the commercial momentum behind Cespira's HPDI fuel system. To address this growing demand in 2027, Cespira is investing in anticipation of this growth, with investment timing and scale aligned with customer requirements and fleet demands. The opportunities ahead extend across fuels and markets. Cespira's HPDI™ 3.0 fuel system is scheduled to begin production in Q4 2026, with the first equipped vehicles expected on the road in early 2027. Alongside Cespira's next-generation platform, Aetherion has advanced its proprietary high-pressure CNG and renewable natural gas systems and solutions for North America. This solution is flexible enough to accommodate hydrogen and hydrogen / methane blended-fuel systems. Together, this system can expand market penetration for HPDI powered trucks and protect for future fuel availability while preserving the performance fleets require, supporting affordable emissions reductions, addressing energy security needs and reducing overall operational costs. Strengthening our financial position remains a core priority. Our equity facility of up to $25 million, subject to certain limitation, provides additional financing flexibility. Our focus is on aligning investment with execution—supporting Cespira’s path toward self-funding and progressing our North American CNG solution as we build a more focused business for long-term growth.”
~ Strong demand for LNG HPDI™ trucks continues to drive revenue growth for Cespira™ ~
VANCOUVER, British Columbia, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Aetherion Technologies Inc. (“Aetherion") (TSX:AETR / Nasdaq:AETR) (previously, Westport Fuel Systems Inc.) today reported financial results for the third quarter ended September 30, 2026, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
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