NYSE$HYLN

Hyliion Holdings Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Hyliion reported first quarter 2023 financial results.

Hyliion reported $310 thousand in revenue related to Hybrid sales. The company ended the first quarter with $385 million of cash, short-term and long-term investments. 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.

  • Hypertruck ERX powertrain production timeline pulled forward and will begin in the third quarter
  • Making strategic shifts to maintain strong balance sheet position
  • Hypertruck ERX system to qualify for 100% of ZEV credits under CARB's Advanced Clean Fleet ruling
  • Ended the quarter with $385 million of total capital

Headline financials

Total Revenue

$310K

Previous: $340K-8.8%
EPS (adj)

-$0.16

Previous: -$0.16+0.0%
Capital Expenditures

-$2.99M

Previous: -$209K-1329.7%
Free Cash Flow

-$31.8M

Previous: -$27.3M-16.5%
Net Income

-$28.8M

Previous: -$27.1M-6.4%
Operating Income

-$32.3M

Previous: -$27.4M-17.8%
Gross Profit

-$381K

Previous: -$1.76M+78.3%
Cash & Equivalents

$85.2M

Previous: $227M-62.5%
Total Assets

$419M

Previous: $549M-23.7%
Stock-Based Comp

$2.04M

Previous: $1.56M+30.5%

Revenue & EPS history

Hyliion · Revenue · Quarterly

$310K

Q1 2023-8.8%vs Q1 2022
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-2.0%

Avg return

Earnings day

+2.8%

Avg return

5 days after

-0.3%

Avg return

30 days after

41%

11 / 27 earnings

Positive

+17.5%

Q4 2023

Best reaction

-18.1%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%+69.8%+168.4%
Q4 2025-4.0%+12.1%-9.5%
Q3 2025-13.4%-24.8%-11.0%
Q1 2025-18.1%-29.8%-24.1%
Q4 2024+1.1%-18.5%-23.4%
Q3 2024-5.9%+15.2%+11.1%
Q2 2024-4.7%+21.2%-1.2%
Q1 2024+17.3%+21.1%+11.3%
Q4 2023+17.5%+29.2%+36.7%
Q3 2023-14.6%-3.6%-1.3%
Q2 2023-11.7%-20.5%-26.9%
Q1 2023+7.4%+3.4%+2.3%
Q4 2022+2.9%+4.4%-28.7%
Q3 2022-12.3%+11.6%+1.1%
Q2 2022+1.5%-1.3%-31.4%
Q1 2022-6.1%+4.2%+18.5%
Q4 2021+10.2%+12.8%+14.1%
Q3 2021-16.4%-14.2%-30.8%
Q2 2021-4.0%-11.3%-10.7%
Q1 2021-0.8%+2.9%+44.4%
Q2 2020+9.2%-2.0%-27.1%
Q4 2019+9.2%-2.0%-27.1%
Q4 2020-10.2%-18.1%-38.1%
Q3 2020-4.9%+7.8%-26.3%
Q1 2020+0.5%+0.1%+1.9%
Q2 2019+0.3%
Q1 2019+0.0%

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