Hyliion reports Q2 2021 with $617M liquidity; reduces FY2021 OPEX guidance to $130-140M

Hyliion Holdings Corp.

2021-Q2 EPS reported -$0.23

Cash and investments total over $617M; no revenue yet, expects FY2021 revenue immaterial.
Hired Dennis M. Gallagher as COO; previously President of Jacobs Vehicle Systems.
Detmar Logistics reserved 300 Hypertruck ERX units; subject to final agreement.
Long-range ERX variant qualifies for California ACT Rule ZEV credits (75-mile range).
Improved Hybrid on track for late 2021 launch; OPEX guidance reduced from ~$140M.

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