Ballard Power Systems Files May 2024 6-K Report

Ticker: BLDP · Form: 6-K · Filed: 2024-05-07T00:00:00.000Z

Sentiment: neutral

Topics: sec-filing, 6-k, reporting

TL;DR

Ballard Power Systems filed its routine May 6-K, no major news.

AI Summary

Ballard Power Systems Inc. filed a Form 6-K on May 7, 2024, reporting its activities for the month of May 2024. The filing is a report of a foreign private issuer and does not contain specific financial figures or operational updates beyond its routine reporting nature.

Why It Matters

This filing indicates Ballard Power Systems is fulfilling its regular reporting obligations as a foreign private issuer with the SEC, which is standard for publicly traded companies.

Risk Assessment

Risk Level: low — This is a routine SEC filing that does not contain new material information or financial results.

Key Players & Entities

Ballard Power Systems Inc. (company) — Registrant
9000 Glenlyon Parkway, Burnaby, BC V5J 5J8 Canada (location) — Principal executive office address
000-53543 (other) — SEC File Number

FAQ

What type of filing is this?

This is a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.

Who is the filer?

The filer is Ballard Power Systems Inc.

What period does this report cover?

This report is for the month of May 2024.

Where is Ballard Power Systems Inc. located?

The principal executive office is located at 9000 Glenlyon Parkway, Burnaby, BC V5J 5J8, Canada.

What is the SEC file number for Ballard Power Systems Inc.?

The SEC file number is 000-53543.

From the Filing

0001279569-24-000541.txt : 20240507 0001279569-24-000541.hdr.sgml : 20240507 20240507091622 ACCESSION NUMBER: 0001279569-24-000541 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240507 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53543 FILM NUMBER: 24919995 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 6-K 1 ballard6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 000-53543 Ballard Power Systems Inc. ——————————————————————————————————— (Translation of registrant’s name into English) 9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada ——————————————————————————————————— (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ballard Power Systems Inc. Date: May 7, 2024 By: /s/ Paul Dobson Name: Paul Dobson Title: Chief Financial Officer EXHIBIT INDEX Exhibit No. Description 99.1 News Release Dated May 7, 2024 - Ballard Reports Q1 2024 Results EX-99.1 2 ex991.htm NEWS RELEASE DATED MAY 7, 2024 Exhibit 99.1 Ballard Reports Q1 2024 Results VANCOUVER, BC, May 7, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "In our last earnings report, we indicated that we expected continued growth in our Order Backlog, major order announcements from customers in our Bus and Stationary verticals, and the announcement of our next manufacturing facility," said Randy MacEwen, Ballard's President and CEO. "In Q1, we delivered on each of these milestones, highlighting our continuing journey to becoming a commercial products company. We booked $64.5 million in new orders, increased our Order Backlog by 38%, announced total non-dilutive funding of $94 million for the planned build-out of our Rockwall Gigafactory, grew revenue by 9%, improved gross margin by 5 points, and reduced cash operating costs 1 slightly while continuing to invest in next generation products and product cost reduction." "We are particularly encouraged with our progress over the past 6 months with new order intake," added Mr. MacEwen. "After booking $64.7 million of new orders in the fourth quarter of 2023, we booked another $64.5 million of new orders in Q1, bringing total new bookings over the past two quarters to $12