Earnings Feed

HYLN

Industrial

Cash and investments totaled $185.3 million at quarter-end, with a forecasted year-end balance of approximately $155 million.
Gross profit for Q2 2025 was $131,000, reflecting early-stage commercialization efforts.
Net loss widened to $13.4 million in Q2 2025 from $10.9 million in Q2 2024 but improved from $17.3 million in Q1 2025.
Operating expenses increased to $15.8 million in Q2 2025 from $14 million in Q2 2024, driven by higher R&D costs.
Q2 2025 revenue was $1.5 million, primarily from R&D services related to U.S. Navy contracts, compared to no revenue in Q2 2024.
R&D expenses rose to $10.1 million from $8.3 million year-over-year, reflecting ramped-up development and additive manufacturing.
SG&A expenses decreased slightly to $6 million from $6.3 million, due to lower facilities and insurance costs offset by higher labor.
Year-to-date revenue reached $2 million with a gross profit of $143,000, compared to zero revenue in the first half of 2024.

Industrial

1mo

The company's pipeline of identified projects exceeds $7.6 billion, indicating strong future growth potential.
Backlog at the end of Q2 increased by 49% year-over-year to $418.1 million, reflecting robust demand.
Management attributes the backlog growth to higher baseload generation demand and strategic project wins.
The project pipeline includes potential plant conversions, upgrades, and behind-the-meter data center projects.
The backlog and pipeline reinforce the company's optimistic outlook for 2025 and beyond.