Hyliion Q2 revenue $0.2M; opex $32.2M; reiterates FY22 rev guidance $2M-$3M

Hyliion Holdings Corp.

2022-Q2 EPS reported -$0.35 revenue$512,000

Q2 revenue $0.2M; operating expenses $32.2M, driven by R&D.
Cash and investments >$500M; full-year opex guidance lowered to $130-$140M.
Hypertruck ERX orders total 200 production slots; nearly 2,000 reservations.
Began on-road testing of design verification vehicles; completed first freight delivery.
Hypertruck ERX qualifies for proposed 30% (up to $40k) federal tax credit.

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