Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
Hyliion Holdings Corp (HYLN) Q2 2024 Earnings Call Highlights: Strategic...
Operating Expenses: $14 million for Q2 2024, down from $38.5 million in Q2 2023.Net Loss: $10.9 million for Q2 2024, down from $35.2 million in Q2 2023.Year-to-Date Operating Expenses: $33 million, compared to $70.4 million in the first half of 2023.Share Repurchase: 1.9 million shares repurchased for $2.7 million in Q2 2024.Cash and Investments: $249 million at the end of Q2 2024.Cash Utilization: $15.2 million in Q2 2024 and $50.6 million year-to-date.KARNO Development Spending: $27 million year-to-date, including $8.1 million in capital investments.Expected Revenue 2025: Low double-digit millions of dollars.Gross Margin Target: Approximately breakeven on a cash basis by late 2025 or early 2026.2024 KARNO Cash Expenditures: Approximately $55 million, up from previous estimate of nearly $50 million.