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
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News
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- Hyliion Holdings Corp. (HYLN) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Hyliion Holdings Reports Third-Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Hyliion Successfully Showcases the KARNO Generator’s Uninterrupted Multi-Fuel OperationBusiness Wire
- Hyliion to Present at Sidoti Virtual ConferenceBusiness Wire
HYLN
Earnings
- 11/14/24 - Beat
HYLN
Sec Filings
- 12/19/24 - Form 4
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- HYLN's page on the SEC website