Hyliion Q2 net loss narrows to $10.9M; secures all 2024 KARNO capacity, raises cash spend guidance to $55M

Hyliion Holdings Corp.

2024-Q2 EPS reported -$0.15

Net loss of $10.9M vs $35.2M YoY; operating expenses $14.0M, down from $38.5M.
Cash and investments $249M; repurchased 1.9M shares for $2.7M in Q2.
2024 KARNO development cash expenditure guidance raised to ~$55M (prior $40-50M) due to faster additive printer build-out.
All 2024 early adopter production capacity secured; over 50% of 2025 capacity under commitments.
Executed LOIs with US Energy (RNG fueling) and Flexnode (up to 10 KARNO units); MOU with Jardine for Asia Pacific.

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