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Stock impact report

Hyliion Holdings Reports Fourth-Quarter and Full-Year 2024 Financial Results

Hyliion Holdings Corp. Class A (HYLN) 
Company Research Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN) (“Hyliion”), a developer of modular power plant technology, today reported its fourth-quarter and full-year 2024 financial results.Key Business HighlightsDelivered the first Early Adopter Customer Unit in early 2025Secured commitments for over 100 KARNO™ generators, creating a multiyear backlogExecuted a Letter of Intent (LOI) with a leading data center developer for initial deployment and multiyear opportunity for up to 70 megawatts (350 KARNO 4-shaft units) of generating capacityRecorded revenue of $1.5 million in the fourth quarter of 2024 for research and development servicesAwarded a $6 million federal grant for the deployment of up to 2 megawatts of KARNO generators to support methane emission reduction efforts in the oil and gas industryAnnounced a planned deployment with Al Khorayef for up to 12 KARNO generators in Saudi ArabiaProvided 2025 revenue guidance of $10 to $15 million including generato Show less Read more
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