HYLN - Hyliion Holdings EPS beats by $0.09
Hyliion Holdings (NYSE:HYLN): Q3 GAAP EPS of -$0.15 beats by $0.09. The Company expects to begin recognizing revenue on its Hybrid eX deliveries in Q4'21. Press Release Hyliion ended the third quarter 2021 with over $588 million available to fund its current commercialization plans for its Hybrid eX and Hypertruck ERX powertrains. Hyliion now expects full year 2021 operating expenses to range between $110 million and $120 million, a reduction compared to previously disclosed guidance range of $130 million to $140 million, due primarily to timing delays of truck chassis purchases for development purposes.
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Hyliion Holdings EPS beats by $0.09