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Stock impact report

Hyliion posts scant Q2 revenue but retains cash cushion [Yahoo! Finance]

Hyliion Holdings Corp. Class A (HYLN) 
Company Research Source: Yahoo! Finance
Startup powertrain developer Hyliion Holdings has sufficient cash to run its business through 2024 without raising new capital. But it might sell new shares next year if the conditions are right. With this week's bankruptcy filing by electric bus and battery maker Proterra Inc., a massive increase in authorized shares sought by Workhorse Group, and fuel cell system maker Hyzon Motors suggesting it was available for sale or merger, survivability of new transportation companies took on new urgency. Unlike those companies, Hyliion is in far better shape. It had $354 million in cash and investments at the end of June. The Austin, Texas-based company reported a second-quarter net loss of $35.2 million , or 19 cents a share. That compared to a loss of $33.5 million, or 19 cents, a year ago. Total revenues were $266,000 compared to $172,000 last year. Hyliion sold a small number of its first product, a hybrid-electric add-on for diesel and natural gas trucks. ‘Shifts in the electrif Show less Read more
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