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Is Hyliion (HYLN) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
ZACKS· 2024-08-20 14:41
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Hyliion Holdings Corp. (HYLN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Hyliion Holdings Corp. is one of 107 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sit ...
Hyliion (HYLN) - 2024 Q1 - Quarterly Report
2024-04-30 21:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38823 HYLIION HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | --- | ...
Hyliion (HYLN) - 2024 Q1 - Quarterly Results
2024-04-30 21:36
Exhibit 99.1 Hyliion Holdings Corp. press@hyliion.com (833) 495-4466 ir@hyliion.com HYLIION HOLDINGS REPORTS FIRST-QUARTER 2024 FINANCIAL RESULTS AUSTIN, Texas, April 30, 2024 – Hyliion Holdings Corp. (NYSE: HYLN) ("Hyliion"), a developer of sustainable electricity-producing technology, today reported its first-quarter 2024 financial results. Hyliion also recently announced that H2 Energy Group has executed a non-binding letter of intent for the purchase of up to 10 KARNO generators that will be fueled by h ...
Hyliion (HYLN) - 2023 Q4 - Annual Report
2024-02-13 21:43
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-38823 HYLIION HOLDINGS CORP. (Exact name of registrant as specified in its charter) | Delaware ...
Hyliion (HYLN) - 2023 Q3 - Earnings Call Transcript
2023-11-09 20:20
Financial Data and Key Metrics Changes - The company reported $96,000 in revenue from hybrid systems for Q3 2023, a decrease from the previous year [36] - Operating expenses totaled $33.3 million, down from $62.9 million in the prior year quarter, which included a one-time charge of $28.8 million related to the KARNO acquisition [36] - Total cash consumed in Q3 was about $31 million, compared to $45 million in Q3 2022 [37] - The company expects total cash expenditures to drop from approximately $137 million in 2023 to about $40 million in 2024 [41] Business Line Data and Key Metrics Changes - The company has decided to wind down the powertrain business while preserving the technology for potential later use or sale [18] - The focus will shift to the KARNO generator business, which is expected to address the growing demand for electricity with a distributed generator solution [7][18] - The KARNO generator is anticipated to be more efficient than conventional generating systems and outperform fuel cell efficiency when operating on hydrogen [9] Market Data and Key Metrics Changes - The market for electrified commercial vehicles has become challenging, with slower than expected fleet adoption and higher component costs [20][21] - The company noted that commercial fleets are facing difficulties securing sufficient electric power for their recharging infrastructure [26] - The KARNO generator is positioned to compete in the prime power applications market, providing a solution for customers needing electricity now [29][99] Company Strategy and Development Direction - The company aims to focus its capital resources on the KARNO generator business, which is seen as a more capital-efficient path to market [18][78] - The company plans to maintain operations in Austin, Texas, and Cincinnati, Ohio, with Austin as the headquarters focusing on industrialization and software development for the KARNO generator [33] - The company is exploring strategic options for the powertrain business, including potential sales or mergers, but ultimately decided on winding it down [17][70] Management's Comments on Operating Environment and Future Outlook - Management expressed that the decision to wind down the powertrain business was not based on product performance but rather on market conditions and the need for a more capital-efficient approach [77] - The company expects to begin receiving payments from customers for early KARNO generator deployments in late 2024 [61] - Management highlighted the importance of addressing customer pain points related to electricity needs and the limitations of grid power [30][74] Other Important Information - The company has a strong balance sheet with $324 million of available capital at the close of Q3 2023 [34] - Total operating expenses for the year are projected to be approximately $140 million, slightly higher than previous guidance due to additional powertrain wind-down costs [40] - The company plans to host a technology fireside chat to further highlight the capabilities of the KARNO generator and business opportunities [42] Q&A Session Summary Question: Did the company engage with potential buyers for the powertrain business? - Management confirmed that they had discussions with potential strategic partners and acquirers but found that many were reassessing their own spending on electrification due to market conditions [46][70] Question: How will the company ensure the KARNO generator's market adoption? - Management indicated that they expect to have initial adoption partners by the end of the year and plan to start customer deployments in the second half of next year [48][74] Question: What is the sales outlook for the KARNO generator in 2025? - Management stated that they will provide more information on sales projections in the first half of next year, with initial revenue expected to be a couple of million from deployments next year [87][88]
Hyliion (HYLN) - 2023 Q3 - Quarterly Report
2023-11-08 21:35
Table of Contents Commission File No. 001-38823 HYLIION HOLDINGS CORP. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | -- ...
Hyliion (HYLN) - 2023 Q2 - Earnings Call Transcript
2023-08-09 18:22
Hyliion Holdings Corp. (NYSE:HYLN) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Kellen Ferris - Director, IR Thomas Healy - CEO Jon Panzer - CFO Conference Call Participants Donovan Schafer - Northland Securities Steven Fisher - UBS Andres Sheppard - Cantor Fitzgerald Mark Delaney - Goldman Sachs Operator Thank you for standing by. Welcome to Hyliion Holdings Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the manag ...
Hyliion (HYLN) - 2023 Q2 - Quarterly Report
2023-08-08 23:54
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | --- | | (State or Other Jurisdiction | (IRS Employer | | of Incorporation) | Identification No.) | | 1202 BMC Drive, Suite 100, | | | Cedar Park, TX | 78613 | | (Address of Principal Executive Offices) | (Zip Code) | (833) 495-4466 (Registrant's telephone number, including area code) Indicate by check mark whether the reg ...
Hyliion (HYLN) - 2023 Q1 - Quarterly Report
2023-05-09 21:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38823 HYLIION HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 83-2538002 | | --- | --- | ...
Hyliion (HYLN) - 2022 Q4 - Earnings Call Transcript
2023-03-01 19:50
Hyliion Holdings Corp. (NYSE:HYLN) Q4 2022 Results Conference Call March 1, 2023 11:00 AM ET Company Participants Kellen Ferris - Director, IR Thomas Healy - CEO Jon Panzer - CFO Conference Call Participants Mahima Kakani - JP Morgan Andres Sheppard - Cantor Fitzgerald Donovan Schafer - Northland Capital Markets Avi Jaroslawicz - UBS Operator Good day and thank you for standing by. Welcome to the Hyliion Holdings Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants ar ...