NYSE$HYLN

Hyliion Holdings Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported second-quarter 2023 financial results.

Hyliion Holdings reported $266 thousand in revenue related to Hybrid system sales for the second quarter of 2023. The company's operating expenses totaled $38.5 million. Hyliion ended the quarter with $354 million in cash, short-term and long-term investments.

  • Hosted Investor Day on June 27 in Austin, TX showcasing Hyliion’s powertrain systems, KARNO™ generator technology and business outlook
  • Began installation of first production Hypertruck ERX™ powertrain system
  • Announced plans for 2024 deployment of 200 kW KARNO™ stationary generator
  • Passed National Highway Traffic Safety Administration testing for Hypertruck ERX powertrain, and CARB and EPA certification expected in Q3

Headline financials

Total Revenue

$266K

Previous: $172K+54.7%
EPS (adj)

-$0.19

Previous: -$0.19+0.0%
Capital Expenditures

-$3.95M

Previous: -$559K-607.0%
Free Cash Flow

-$39.2M

Previous: -$34M-15.1%
Net Income

-$35.2M

Previous: -$33.5M-5.2%
Operating Income

-$38.6M

Previous: -$34.2M-12.8%
Gross Profit

-$41K

Previous: -$1.97M+97.9%
Cash & Equivalents

$48.2M

Previous: $200M-75.9%
Total Assets

$391M

Previous: $520M-24.8%
Stock-Based Comp

$1.72M

Previous: $1.92M-10.5%

Revenue & EPS history

Hyliion · Revenue · Quarterly

$266K

Q2 2023+54.7%vs Q2 2022
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward guidance

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.

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 Q2 2023

Historical avgQ2 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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