Hyliion Holdings Corp. ( (HYLN) ) has released its Q4 earnings. Here is a breakdown of the information Hyliion Holdings Corp. presented to its investors.
Hyliion Holdings Corp., based in Austin, Texas, is a developer of modular power plant technology, focusing on innovative solutions for clean, flexible, and affordable electricity production, primarily targeting the commercial and waste management industries with its fuel-agnostic KARNO generators.
In its latest earnings report, Hyliion Holdings Corp. announced significant strides in its business operations, including the delivery of its first Early Adopter Customer Unit and securing commitments for over 100 KARNO generators, which have created a multiyear backlog. The company also reported a $1.5 million revenue for research and development services in the fourth quarter of 2024.
Key financial highlights from the report include a net loss of $14.4 million for the fourth quarter, a substantial improvement from the $29.1 million loss in the same period of 2023. The company ended the year with $220 million in cash and investments and provided a 2025 revenue guidance of $10 to $15 million, with expected cash expenditures of approximately $60 million.
Strategically, Hyliion has executed a Letter of Intent with a leading data center developer for a multiyear opportunity of up to 70 megawatts of generating capacity, and plans to deploy up to 12 KARNO generators in Saudi Arabia with Al Khorayef. Additionally, the company was awarded a $6 million federal grant to support methane emission reduction efforts in the oil and gas industry.
Looking forward, Hyliion’s management remains focused on expanding its customer base and commercializing its KARNO generators. The company aims to continue its development efforts and enhance its production capabilities, positioning itself to meet the growing demand for efficient and sustainable power solutions in various markets.
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