Hyliion Q3 net loss $13.3M; KARNO meets customer performance, 500 LOI cores

Hyliion Holdings Corp.

2025-Q3 EPS reported -$0.25 vs consensus -$0.09 ▼ miss (-188.4%)

Q3 revenue $0.8M from R&D services; net loss $13.3M vs $11.2M in prior-year quarter.
Cash and investments $164.7M; expects year-end ~$155M; total 2025 cash use ~$65M.
KARNO completed >100 days testing with no unplanned hardware downtime; EPA confirms not federally regulated.
Non-binding LOIs for nearly 500 KARNO cores; full commercialization expected in 2026.
U.S. Navy autonomous ship sea trials; KARNO installations planned for 2026 under R&D contract.

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