2023-05-10 00:37:03 ET
- Hyliion Holdings press release ( NYSE: HYLN ): Q1 GAAP EPS of -$0.16 beats by $0.02 .
- Revenue of $0.31M (-8.8% Y/Y) misses by $0.34M .
- Ended the quarter with $385 million of total capital.
- 2023 Guidance: Updated forward guidance includes total operating expense of approximately $130 million and total cash consumed in operating losses, capital spending and working capital of approximately $150 million for the year, compared to the prior estimate of approximately $200 million.
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Hyliion Holdings reports mixed Q1 earnings; updates FY23 outlook