Hyliion Holdings reports Q3 earnings miss; reaffirms FY22 guidance range
- Hyliion Holdings press release (NYSE:HYLN): Q3 GAAP EPS of -$0.36 misses by $0.14.
- Revenue of $0.5M misses by $0.16M from Hybrid and full truck sales with approximately $1.3M in backlog of Hybrid systems.
- For full-year 2022, Hyliion projects revenue of approximately $2 million vs. consensus of $1.92M from Hybrid sales and the sale of full trucks with Hybrid systems and expects its operating expenses to be ~$130M.