Loading...
•
Sep 30, 2022
Hyliion Q3 2022 Earnings Report
Hyliion reported third-quarter results, highlighted by Hypertruck ERX development and KARNO generator acquisition.
Key Takeaways
Hyliion Holdings reported $0.5 million in revenue for Q3 2022. The company reached milestones with the Hypertruck ERX system and acquired the KARNO generator technology. They ended the quarter with over $455 million in cash and marketable investments.
Closed acquisition of the KARNO™ generator from GE Additive.
Announced Founders Program for first 200 Hypertruck ERXTM units.
Reached new milestone in Hypertruck ERX development with deployment of test vehicles in controlled fleet trials.
Confirmed Hypertruck ERX system will qualify for tax credit of 30%, up to $40,000, under new Inflation Reduction Act.
Hyliion
Hyliion
Forward Guidance
Hyliion projects revenue of approximately $2 million and expects its operating expenses to be approximately $130 million for full-year 2022.