Hyliion Q1 net loss $17.3M, cash $198.8M; reiterates 2025 revenue guidance $10-15M

Hyliion Holdings Corp.

2025-Q1 EPS reported -$0.10 revenue$489,000

Revenue $0.5M from ONR R&D services; net loss $17.3M vs $15.6M in Q1 2024.
Cash & investments $198.8M; expects year-end cash ~$155M; 2025 cash spend guidance raised to ~$65M.
Over 100 non-binding LOIs for KARNO Power Modules; LOI with MESA for up to 12 units.
Addressing LEM production by bringing it in-house; new heat exchanger design to restore efficiency.
Reaffirms 2025 revenue $10-15M; targets cash breakeven gross margin by end of 2026.

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