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Jun 30, 2023
Hyliion Q2 2023 Earnings Report
Reported second-quarter 2023 financial results.
Key Takeaways
Hyliion Holdings reported $266 thousand in revenue related to Hybrid system sales for the second quarter of 2023. The company's operating expenses totaled $38.5 million. Hyliion ended the quarter with $354 million in cash, short-term and long-term investments.
Hosted Investor Day on June 27 in Austin, TX showcasing Hyliion’s powertrain systems, KARNO™ generator technology and business outlook
Began installation of first production Hypertruck ERX™ powertrain system
Announced plans for 2024 deployment of 200 kW KARNO™ stationary generator
Passed National Highway Traffic Safety Administration testing for Hypertruck ERX powertrain, and CARB and EPA certification expected in Q3
Hyliion
Hyliion
Forward Guidance
Forward guidance includes total 2023 operating expense of approximately $130 million and total cash consumed in operating losses, capital spending and working capital of approximately $150 million. Revenue from Hybrid sales and from the expected sale of trucks with Hypertruck ERX powertrain systems is expected to be approximately $10 million.