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HYLN - Hyliion: We're On Track to Launch Next Year No Additional Cash Needed
Hyliion Holdings Corp. Class A
Electric truck drivetrain start-up Hyliion Holdings (NYSE: HYLN) said that it lost $23.4 million in the second quarter, less than expected, as it continued to make progress toward the launch of its hybrid and zero-emissions drivetrains for semi trucks.
On a per-share basis, Hyliion lost $0.13 in the second quarter, better than the average estimate of $0.21 per share among Wall Street analysts polled by Thomson Reuters.
But the company said it still doesn't expect to generate "material" revenue until 2022.