HYLN - Hyliion Holdings misses Q2 top and bottom line estimates; reaffirms FY23 outlook

2023-08-09 01:52:25 ET

• Hyliion Holdings press release ( NYSE: HYLN ): Q2 GAAP EPS of -$0.19 misses by $0.01 .
• Revenue of $0.27M (+58.8% Y/Y) misses by $0.26M .

• Hyliion ended the second quarter with $354 million of cash, short-term and long-term investments, and currently has no plans to raise additional capital in 2023.

• Forward guidance includes total 2023 operating expense of approximately $130 million and total cash consumed in operating losses, capital spending and working capital of approximately $150 million. Revenue from Hybrid sales and from the expected sale of trucks with Hypertruck ERX powertrain systems is expected to be approximately $10 million.

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