Hyliion reports Q3 2021: $588M liquidity, expands board, pushes Hypertruck ERX timeline

Hyliion Holdings Corp.

2021-Q3 EPS reported -$0.39

Cash and investment balance totals $589M; no revenue recognized yet in Q3.
Expects first Hybrid eX revenue in Q4 2021 after delivering unit to Werner Enterprises.
FY2021 OpEx guidance reduced to $110-120M from $130-140M due to truck chassis timing.
Hypertruck ERX timeline extended to end-2022 for design verification and initial fleet trials.
Board adds Elaine Chao and Mary Gustanski, expanding to nine members.

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