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Dec 31, 2021
Hyliion Q4 2021 Earnings Report
Hyliion reported fourth quarter and full year 2021 financial results, initiated revenue recognition on the Hybrid eX powertrain solution, and secured orders for 100 Hypertruck ERX units backed by deposits.
Key Takeaways
Hyliion Holdings Corp. reported $200,000 in revenue for the fourth quarter of 2021. The company ended the quarter with over $557 million on its balance sheet.
Received orders from multiple fleets totaling 100 units backed by deposits to secure Hypertruck ERX production slots
Received reservations for an additional 325 units of the Hypertruck ERX
Began recognizing revenue on the Company’s Hybrid eX powertrain solution
Launched “Ride and Drive” customer experience event series for the Hypertruck ERX
Hyliion
Hyliion
Forward Guidance
Hyliion expects full year 2022 revenue of $2 million to $3 million from Hybrid eX sales and total operating expenses of $135 million to $145 million to support commercialization efforts of both Hybrid eX and Hypertruck ERX