Loading...
•
Mar 31, 2022
Hyliion Q1 2022 Earnings Report
Reported first-quarter 2022 financial results.
Key Takeaways
Hyliion reported a revenue of $0.3 million, a 70% increase from the prior quarter. The company ended the quarter with $527 million on its balance sheet.
Order backlog increases to 170 Hypertruck ERX production slots backed by deposits, plus nearly 2,000 units in reservations to date
Hypertruck ERX expected to qualify for full credit within the Advanced Clean Fleet legislation, CARB’s new mandate for fleets
On track with Hypertruck ERX development timeline as the initial design verification units are complete; start of production expected late 2023
Generated $0.3 million in revenue from Hybrid sales, 70% increase from prior quarter
Hyliion
Hyliion
Forward Guidance
Hyliion continues to expect revenue in the range of $2 million to $3 million from Hybrid sales, with operating expenses in the range of $135 million to $145 million for the full-year 2022.