Hyliion Q2 revenue $266K, operating expense $38.5M; cash $354M

Hyliion Holdings Corp.

2023-Q2 EPS reported -$0.35 revenue$576,000

Revenue $266K from Hybrid sales; operating expenses $38.5M (+$6.3M YoY).
Cash, short-term and long-term investments $354M; no plans to raise additional capital in 2023.
FY2023 guidance: ~$130M operating expense, ~$150M cash consumed, ~$10M revenue.
First production Hypertruck ERX installation begun; fleet trials start August; day cab variant announced.
KARNO stationary demo units deployed in 2024; Hyzon fuel cell truck driving on fuel-cell power.

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 the quarter ended June 30, 2023 results: revenue $266 thousand. Guidance initiated.

Period: the quarter ended June 30, 2023
Revenue: $266 thousand
Guidance: initiated
Result: reported results

Exact text from the filing

power. The project remains on track for completion by the end of this year. Financial Highlights, Operating Expense and 2023 Guidance In the second quarter, the company recorded $266 thousand in revenue related to Hybrid system sales. The company’s second quarter operating expenses totaled $38.5 million, $6.3 million higher than a year ago, mainly due to higher

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Source: SEC EDGAR

accession 0001759631-23-000070

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