Detail akcie Hyliion Hldg Rg-A online

Business Summary: Hyliion Holdings Corp. is a developer of sustainable electricity-producing technology. The Company is focused on providing distributed power generators that can operate on various fuel sources. It is addressing the commercial space with a locally deployable generator that can offer prime power, peak shaving, and renewables matching. Its KARNO generator is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. It is constructing the 125kW ALPHA generator, which is testing in its development facility. It is also engaged in designing a 200kW BETA generator. The Company also focuses on scaling up its generator solutions to address larger utility-scale power needs and to develop variants for household use and mobile applications, such as vehicles and marine. Additionally, the generator technology is suited to provide combined heat and power (CHP) in various stationary applications.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Hyliion Holdings Corp revenues decreased from $576K to $0K. Net loss decreased 59% to $26.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Research and development decrease of 66% to $16.3M (expense), Selling, general and administrative expe decrease of 42% to $12.9M (expense).