Hyliion pulls Hypertruck ERX production to Q3 2023; cuts 2023 cash burn guidance to ~$150M

Hyliion Holdings Corp.

2023-Q1 EPS reported -$0.16 revenue$310,000

Q1 revenue $310K (Hybrid sales); operating expenses $31.9M, up $6.3M YoY on higher R&D.
Hypertruck ERX production pulled forward to Q3 2023; first 30 trucks to be delivered by year-end.
2023 guidance: total op. expense ~$130M, total cash consumed ~$150M (prior ~$200M); $385M capital at quarter end.
Restructuring Founders Program to simplify terms and pass through inflation cost increases.
KARNO generator 200kW format unveiled; stationary power demos planned for 2024; Hyzon fuel cell truck on track.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hyliion Holdings Corp. reported first quarter 2023 results: revenue $310 thousand. Guidance lowered.

Period: first quarter 2023
Revenue: $310 thousand
Guidance: lowered
Result: reported results

Exact text from the filing

In the first quarter, the Company recorded $310 thousand in revenue related to Hybrid sales.

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Source: SEC EDGAR

accession 0001759631-23-000046

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