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Jun 30, 2022
Hyliion Q2 2022 Earnings Report
Reported second-quarter 2022 financial results.
Key Takeaways
Hyliion reported $0.2 million in revenue from Hybrid sales and an operating loss of $34.2 million. The company ended the quarter with over $500 million on its balance sheet and reiterated full-year 2022 revenue expectations of between $2.0 million and $3.0 million.
Increased order backlog to 200 Hypertruck ERX™ production slots, plus nearly 2,000 units in reservations to date
Reached new milestone in Hypertruck ERX development with start of on-road testing of design verification vehicles
Completed first freight delivery with Hypertruck ERX in partnership with GreenPath Logistics for one of the nation’s largest retailers
Closed quarter with over $500 million on balance sheet
Hyliion
Hyliion
Forward Guidance
For the full-year 2022, Hyliion expects revenue in the range of $2 million to $3 million from Hybrid sales and the potential sale of full trucks with Hybrid systems. The Company lowered its operating expense guidance to the range of $130 million to $140 million.