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0 0.0114942528735631 -0.0114942528735633 0.0114942528735631 0.0039080459770114 0.0114942528735631 0.00383141762452099 0.0536398467432951
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Hyliion Holdings Reports Third-Quarter 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 sustainable electricity-producing technology, today reported its third-quarter 2024 financial results.Key Business HighlightsOn track to deliver initial customer units by year-end and reaffirms guidance of low double-digit millions in revenue for 2025Secured customer commitments exceeding 2025 KARNO™ generator production capacityAnnounced revenue recognition beginning in Q4 2024 for military development projectsAnnounced plans to develop a 2-megawatt KARNO generator product targeting the data center market, with expected deployment in 2026Awarded a contract for up to $16.0 million by the U.S. Navy’s Office of Naval Research (ONR) to explore the KARNO generator for Navy ships and stationary powerExecuted an LOI with ANA, a leader in industrial equipment, for up to 6 KARNO units in mobile power applicationsAnnounced the KARNO generator qualifies under California’s Renewables Port Show less Read more
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