Hyliion Q4 cash burn $32.6M; $291M cash; KARNO ITC eligibility; LOIs from Detmar, GTL

Hyliion Holdings Corp.

2023-FY EPS reported -$0.68 revenue$672,000

Q4 operating expenses $32.6M including $11.5M powertrain wind-down charges; cash and investments $291M at year-end.
KARNO generator expected to qualify for up to 40% ITC under Inflation Reduction Act.
Detmar Logistics LOI for KARNO unit on waste flare gas; GTL Leasing LOI for two units.
First KARNO deployments to customers in late 2024; 2025 revenue guidance low double-digit millions, gross margins near break-even.
2024 KARNO cash expenditure guidance $40-$50M, down from $131M total in 2023.

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 0.65

Hyliion Holdings Corp. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 13, 2024, Hyliion Holdings Corp. (the “Company”) issued a press release announcing certain financial and other results for the quarter and year ended December 31, 2023.

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Hyliion Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001759631-24-000014

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