Startup electric driveline maker Hyliion Holdings Corp. (NYSE: HYLN) reported a $9.1 million third-quarter loss in its first earnings report as a public company. It decided against booking $1 million in revenue from the first 20 trucks equipped with its hybrid electric system.
Remaining a pre-revenue company is not a big deal for Hyliion. Wall Street has no expectations for it to sell much or report significant profits until 2023. A more meaningful way to judge the Austin, Texas-based company is...
https://www.freightwaves.com/news/hyliion-decides-against-booking-revenue-from-early-trucks