Quarterly ResultMay 12, 2026, 04:23 PM
Hyliion Q1 Net Loss Narrows to $11.7M; Revenue Jumps to $2.8M
AI Summary
Hyliion Holdings Corp. reported a reduced net loss of $11.7 million for Q1 2026, down from $17.3 million in Q1 2025. Revenue from research and development services significantly increased to $2.8 million, compared to $0.5 million in the prior year. The company continues to focus on its KARNO Power Module technology and secured government R&D contracts, while also reducing operating expenses, contributing to the improved loss from operations.
Key Highlights
- Net loss narrowed to $11.7 million from $17.3 million year-over-year.
- Total revenues surged to $2.8 million from $0.5 million year-over-year.
- Gross profit increased to $0.2 million from $0.012 million year-over-year.
- Operating expenses decreased to $13.4 million from $19.7 million year-over-year.
- Net loss per share improved to $(0.07) from $(0.10) year-over-year.
- Net cash used in operating activities reduced to $12.7 million from $14.0 million.
- Cash and cash equivalents stood at $20.3 million at March 31, 2026.
Price Impact
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