Hyliion reports Q1 rev $0.3M (+70% QoQ); Hypertruck ERX orders of 170 units backed by deposits

Hyliion Holdings Corp.

2022-Q1 EPS reported -$0.16 revenue$340,000

Revenue of $0.3M, up 70% from Q4 2021; operating expenses $25.6M driven by R&D.
Hypertruck ERX order backlog grows to 170 units with deposits; nearly 2,000 reservations to date.
Hypertruck ERX expected to qualify for full credit under CARB's Advanced Clean Fleet mandate.
Cash and investments total $527M; reaffirms FY2022 revenue guidance $2M-$3M, opEx $135M-$145M.
Design verification units complete; production start on track for late 2023.

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