Hyliion reports Q4 2022 revenue $1.1M, full-year net loss $153.4M; 2023 OpEx guidance $130-140M

Hyliion Holdings Corp.

2022-FY EPS reported -$0.87 revenue$2,106,000

Q4 2022 revenue $1.1M from Hybrid sales; full-year net loss $153.4M vs $96.0M prior year.
Ended 2022 with $422M cash/investments; expects sufficient to fund Hypertruck ERX and KARNO development.
Received 10-unit Hypertruck ERX order from DSV Logistics; total 210 production slot orders.
Announced collaboration with Hyzon Motors to develop fuel cell truck using Hyliion powertrain and Hyzon fuel cell.
2023 operating expense guidance $130-$140M; Hypertruck ERX production on track for late 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hyliion Holdings Corp. reported the quarter and year ended December 31, 2022 results: revenue $1.1 million, net income net loss totaled $153.4 million. Guidance reaffirmed.

Period: the quarter and year ended December 31, 2022
Revenue: $1.1 million
Net income: net loss totaled $153.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

our teams to work together,” said Hyliion’s Founder and CEO, Thomas Healy. Financial Highlights, Operating Expense and 2023 Guidance In the fourth quarter, the Company recorded $1.1 million in revenue related to Hybrid sales. The Company’s fourth quarter operating expenses totaled $31.6 million for the quarter, $5 million higher than a year ago, mainly due to higher

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Source: SEC EDGAR

accession 0001759631-23-000010

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