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Dec 31, 2022
Hyliion Q4 2022 Earnings Report
Reported fourth-quarter and full-year 2022 financial results.
Key Takeaways
Hyliion Holdings reported Q4 2022 financial results, achieving revenue of $1.1 million related to Hybrid sales. The company's operating expenses totaled $31.6 million for the quarter. Hyliion ended the quarter with $422 million in cash, short-term and long-term investments.
Achieved new Hypertruck ERX™ commercialization milestone
Obtained a 10-unit order for the Hypertruck ERX powertrain from DSV Logistics
Announcing collaboration with Hyzon Motors to jointly develop a fuel cell powered truck
Met 2022 revenue guidance
Ended 2022 with $422 million of available capital on the balance sheet
2023 operating expense guidance of $130 - $140 million
Hyliion
Hyliion
Forward Guidance
The Company expects full-year 2023 operating expenses to be in the $130 to $140 million range.