---
schema_version: "secwatch.filing_event.v1"
accession: "0001759631-24-000088"
form_type: "8-K"
ticker: "HYLN"
cik: "0001759631"
company_name: "Hyliion Holdings Corp."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:07:15.067908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hyliion Q1 net loss narrows to $15.6M, cash at $264M; KARNO on track for 2024 deployments

## Summary
- Net loss $15.6M vs $28.8M YoY; operating expenses $19.0M (vs $31.9M) incl. $4.4M powertrain wind-down charges.
- Cash and investments $264M; repurchased 8.7M shares for $11.3M under $20M buyback program.
- KARNO generator initial customer deployments targeted for late 2024; LOI from H2 Energy for up to 10 units.
- 2024 guidance reaffirmed: $40-$50M cash spent on KARNO development and capex.
- Projecting 2025 KARNO generator sales in low double-digit millions; gross margins near breakeven.

## SEC filing metadata
- accession: 0001759631-24-000088
- form_type: 8-K
- ticker: HYLN
- cik: 0001759631
- company_name: Hyliion Holdings Corp.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759631/000175963124000088/0001759631-24-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759631/000175963124000088/hyln-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001759631-24-000088
- JSON: https://secwatch.observer/filing/0001759631-24-000088.json
- Plain text: https://secwatch.observer/filing/0001759631-24-000088.txt

## Key facts
- Earnings Releases
  Hyliion Holdings Corp. reported first-quarter 2024 results: net income $15.6 million. Guidance reaffirmed.
  - Period: first-quarter 2024
  - Net income: $15.6 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net loss in the quarter was $15.6 million, compared to $28.8 million in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759631/000175963124000088/0001759631-24-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.