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Jun 30, 2021
Hyliion Q2 2021 Earnings Report
Hyliion reported second quarter 2021 financial results, highlighting key business developments and commercialization progress.
Key Takeaways
Hyliion reported its second quarter 2021 financial results, with a focus on executing its Multi-Phase Product Development Program and advancing the commercialization of the Hypertruck ERX powertrain. The company ended the quarter with $317.7 million in cash and cash equivalents.
Hired Dennis M. Gallagher as Chief Operating Officer.
Announced a 300-unit Hypertruck ERX product reservation agreement from Detmar Logistics.
Improved Hybrid product on track to launch in the latter part of 2021.
Hypertruck ERX long-range configuration qualifies for California’s ACT Rule.
Hyliion
Hyliion
Forward Guidance
Hyliion expects full year 2021 operating expenses to range between $130 million and $140 million.