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Sep 30, 2021
Hyliion Q3 2021 Earnings Report
Reported third quarter 2021 financial results.
Key Takeaways
Hyliion reported its Q3 2021 financial results, highlighting the commercial launch of the Hybrid eX powertrain and progress in the Hypertruck ERX Multi-Phase Development Program. The company ended the quarter with over $588 million available to fund its commercialization plans.
Announced the addition of Secretary Elaine Chao and Mary Gustanski to the Hyliion Board of Directors
Secured a 40-unit reservation from Mone Transport and partnered with GreenPath Logistics for initial controlled fleet trials of the Hypertruck ERX
Launched improved Hybrid powertrain solution called “Hybrid eX” and expect to begin recognizing revenue on these units in the fourth quarter of 2021
Initiating the Hypertruck ERX Roadshow, beginning at Wegmans headquarters on November 10th, to allow fleets to experience the flagship product firsthand
Hyliion
Hyliion
Forward Guidance
Hyliion expects to begin recognizing revenue on its Hybrid eX deliveries in the fourth quarter of 2021. Full year 2021 operating expenses are expected to range between $110 million and $120 million.