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Hyzon Motors (HYZN)
NASDAQ:HYZN
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$6.19Last Year’s EPS
-$10Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -33.73%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
Hyzon's third-quarter performance showcased significant technological advancements and commercial milestones, particularly in the North American market, with successful trials and strategic partnerships. However, the company faced financial challenges with low revenue and high costs, requiring careful cash management and additional capital raising efforts.Company Guidance
During the Hyzon Q3 2024 earnings call, CEO Parker Meeks provided detailed guidance on the company's progress and future objectives. He highlighted the achievement of significant milestones, including the start-up production of the Class 8 fuel cell electric truck and the 200-kilowatt single-stack fuel cell system. Meeks noted that the company's large fleet trial program has exceeded expectations, demonstrating the readiness of Hyzon's trucks to perform with market leadership. The partnership with GreenWaste, marked by a purchase agreement for 12 fuel cell electric refuse trucks, was emphasized as a pivotal moment, showcasing the trucks' superior performance across critical industry metrics. The company's strategic focus remains on converting successful trials into commercial agreements, aiming for a 40% success rate in converting 30-plus trials into contracts by Q1 2025, potentially leading to an order book of over 500 trucks. Financially, Hyzon aims to maintain a reduced average monthly net cash burn of approximately $6.5 million by year-end 2024.Achievement of Key Milestones
Hyzon has achieved major milestones including start-up production of the Class 8 fuel cell electric truck and the 200-kilowatt single-stack fuel cell system technology.
Commercial Agreement with GreenWaste
Hyzon secured a purchase agreement with GreenWaste for 12 fuel cell electric trucks, marking North America's first hydrogen-powered refuse collection vehicles.
Improved Hydrogen Fuel Supply Market
Hyzon noted significant improvements in hydrogen fuel supply, with pricing as low as $10 per kilogram, making operations cost-competitive.
ISO 9001:2015 Certification
Hyzon received ISO 9001:2015 certification for its fuel cell manufacturing, design, and R&D activities.
Reduction in Cash Burn
Hyzon reduced its average monthly net cash burn from $15.4 million in Q1 2023 to $8.2 million in Q3 2024, with a target of $6.5 million by year-end.
Successful Trials and Strong Performance
Hyzon's trucks performed successfully in trials, showing up to 50% better fuel efficiency than diesel for Class 8 trucks and up to 300% better for refuse trucks.
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HYZN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HYZN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $1.69 | $1.61 | -4.73% |
| Aug 13, 2024 | $4.54 | $3.98 | -12.33% |
| May 13, 2024 | $27.01 | $27.64 | +2.33% |
| Mar 22, 2024 | $32.50 | $33.50 | +3.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hyzon Motors (HYZN) report earnings?
Hyzon Motors (HYZN) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Hyzon Motors (HYZN) earnings time?
Hyzon Motors (HYZN) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HYZN EPS forecast?
HYZN EPS forecast for the fiscal quarter 2024 (Q4) is -$6.19.
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