Hyliion Holdings (HYLN) Tops Q2 EPS by 14c, provides outlook

Hyliion Holdings (NYSE: HYLN) reported Q2 EPS of ($0.06), $0.14 better than the analyst estimate of ($0.20).
Outlook:

For 2024, total cash consumed for KARNO development and capital investments is expected to be approximately $55 million, up compared to the prior estimate of $40 to $50 million due to higher capital expenditures that support a more rapid build-out of additive printing capacity in Austin. This estimate excludes cash payments associated with share repurchases that have already been conducted during 2024, and payments and asset sales associated with the wind down of powertrain operations. Hyliion continues to expect it will achieve commercialization of the KARNO generator with capital on hand.

Projections for 2025 include growth of KARNO generator deliveries, with proceeds from sales in the low double-digit millions of dollars. The company is also targeting approximately break-even gross margins on a cash basis by late 2025 or early 2026, and cash spending to grow modestly compared to 2024.

About Hyliion

For earnings history and earnings-related data on Hyliion Holdings (HYLN) click here.

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