Hyliion Q3 revenue $0.5M; closes KARNO acquisition; guides FY2022 rev ~$2M

Hyliion Holdings Corp.

2022-Q3 EPS reported -$0.71 revenue$1,011,000

Revenue of $0.5M; operating expenses $62.9M including $28.8M KARNO acquisition costs.
Ended Q3 with >$455M cash and marketable investments, sufficient through commercialization.
Full-year 2022 guidance: revenue ~$2M, operating expenses ~$130M.
Closed acquisition of KARNO generator from GE Additive for $15M cash + ~$16.1M stock.
Hypertruck ERX controlled fleet trials began; Founders Program filled with 200 committed orders.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hyliion Holdings Corp. reported financial results for the quarter ended September 30, 2022.

Period: the quarter ended September 30, 2022
Result: reported results

Exact text from the filing

today reported its third-quarter 2022 financial results.

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Hyliion Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001759631-22-000050

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