HYLN - Earnings call transcript Q1 2022

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Operator

Good day and thank you for standing by. Welcome to the Hyliion Holdings First Quarter 2022 Earnings Conference call. At this time, all participants are in a listen-only mode. After the speakers’ prepared remarks, there will be a question-and-answer session. I would now like to turn the conference over to Adam Bresser, Director of Financial Planning and Analysis. ahead. go Please

Adam Bresser

good first and Welcome the to Thank XXXX morning, earnings Holdings quarter conference Hyliion you everyone. call.

slide Chief On certain the the Officer; Officer. call our Executive Please on at make Hyliion’s that our Healy, this Investor business The is company's Financial Relations available call today will and during regarding are; Sherri today's forward-looking Thomas we presentation statements conference accompanies outlook. investors@hyliion.com. website Chief note Baker, call,

events and are materially projections cause based other and predictions, that are this anticipated assumptions, such are to from current about as uncertainties. statements on statements subject call. and expectations differ Forward-looking forward-looking actual results could on statements risk the Many and factors to

to the from refer with For statements, please press differ earnings the forward-looking Commission. more as about company's materially Securities that information such our to factors as may release well cause Exchange filings and results the

the are only speak they made. date statements as Forward-looking of

statements put applicable You undertake law. are by the to I to not With required no call cautioned on that, undue Thomas. will and this unless to duty turn we update information over forward-looking reliance

Thomas Healy

Hyliion. Thank hello you, you for Thank joining today. Adam, It's week exciting everyone. us an for and

one We industry. Expo Long are of in in at shows the Beach, the trade California, largest ACT the

and We our at technology. that ERX a and have number display get of a look Hybrid so analysts on trucks Hypertruck fleets, can suppliers, investors

to in We the the hosting interested for getting ERX experience also firsthand. are ride-along at events Hypertruck those Expo

stakeholder plug-in happening are our about initial challenges to in Now as in X the and they Class shifting to complaints is technology. positive market semi-trucks, transition trucking industry increasingly recognizing into updates revolutionize hearing feedback. Hyliion’s but potential The the some the on is Hyliion. reflected encounter we Electrification sales for

recent of QX most dividend productive as concerns The received plans. cost X,XXX quarter for electricity. of we However, quarter, the Hyliion. and we XXX around immediate the ERX first has infrastructure anxiety, secured the force pleased sales Hypertruck we units that In to-date. specifically of slots expansion another our those and have execute paid successful was our our upon range ERX to relieves production Hypertruck of hear are reservations for in and nearly orders

efforts more deployment beginning in Shifting System to our our Powertrain updates and Hypertruck continued are our to for ERX Hybrid momentum We some on the see development. sales.

we XXXX. we that late are our into on solution order with in communicated bring First, timeline previously happy to this fully are track to in electric share production

from our production XXX for X,XXX current travel We of already charge. committed interest solution EV we per They are have strong the and initial seeing practical solutions America. as to already about stops. in about between natural Moreover, refueling the that North up to gas fleets. XXX slots stations choice miles to see continue applications the infrastructure compares plug-in That of the place XXX in miles can leverages ERX with only line-haul

X. to Slide Turning

build initial we that are You to In leverages announce we truck more use can demo the This design for first milestones. building development with units. feedback our build units. from quarter, progress data to see of stakeholder pleased will make our our we completed we that I invaluable already verification. performance and am that initial continue underway vehicle the

at build more validation. to further begin before expect we test product to we discussed, previously As least XX units

closely winter done product monitor will controlled and prior development initial to be the performance. includes test us summer program inclusive and X million line accumulation testing truck of multiphase validation will Our production. season infield trials later allow in up year, and fleet testing, time of this miles The to which design verification to

trials. the XX of more for XXXX product validation build the for plan first we to and fleet at completion half ahead, least units continued Looking in of

NHTSA. and we us will production time, this put EPA in late This from CARB, on final XXXX. During will for seek commencing track certification

of our will Hypertruck of can launch As ZEV on ERX This OEMs. one into as the the they we need for will the mandate demand mandated Advanced credits like a to On for have a currently share qualify highly are advantage called written, sure fleet in how ZEV that a full credit quarter, requirements focuses ours. language for adopt release on making calls, Advanced of is head around focusing and would am be the ruling. our qualify product we fleets past the the under mandate and an This is see fleet vehicles to mentioned to as I production, this This zero-emission can for previous XXXX. and happy mandate assist XX% We factors or what vehicle initiative by for percentage fleet. Truck earnings Clean Hypertruck for as new CARB Fleet with our the both bus technology Clean the electric ERX on draft actually they OEMs for important a what fleet credit achieving CARB also instrumental California truck of ship we be generating vehicles puts obtaining the goal with qualifying. ACF card-mandated purchase. on

ERX our thoughts for our Hypertruck mentioned mentioned XXX of the of of total is ride units orders This I success we only on R&D also reflects drive of early ongoing earlier, call. and events. have a As for earnings secured which the achievements, but inclusive not we our XXX last units the production

but cost currently the placed they hybrid Laredo, the one reservations of XX-unit Drive February, product commercial GreenPath among ERX our In our year. controlled operations, they their largest trials first an to Mone, in Mone ERX. by dedicated like XX the are on validated CNG In a color orders slots. for only be shipped in Hypertruck our Amazon, offer of the share secured companies, Overall, deposits. additional product. ERX technology. feedback from the from Ride to offer will states later Service. we alternative in received operate XX-unit provider a After has members further their backed of deploy fleets events. previously all far of addition In a finalization benefit. XX of servicing converted a need it Postal this Transport for GreenPath of Hypertruck secure we Hypertruck of and Logistics and Logistics, placing council Mone GreenPath though, subject on and the is want are Hypertruck units innovation stations and green unique early existing have into a United a the March, for including These to joined operates slots. we contiguous reservation superior which nearly a and a vehicles X,XXX received UPS fleet date. experience, production in XX that some also had order orders can adopter is our fleet the the orders of leverage ultimately customer and fuel fleets very remain We reservations reservations secure at some in to emissions as of fleet, logistics Texas, the Ride production to orders, and Based that hybrid those orders terms, to low and solution to Drive States units

proposition we technology. backlog recognize how of the increase our value our our at reservations, We a while as customers production, building order expect which and capabilities of the count time reflects to near same

a Now Hyliion's ready who cost-effective shifting provides electric on entry not product commit now, to hybrid a powertrain. solution fully our to customers, updates greener a some be hybrid alternative product. to for great may want but

revenue. Over the first ship we to booked continued additional units more and quarter, have to fleet

our strong to solution target terrain results We have with assist our hilly our solution. installed. sales use cases evolved seeing matching that performance with Areas strategy to are power additional hybrid with need needs

electrification. to positive but invest they with fleets, meaningfully on interest want see strong a in and view solution an step in these ultimately, efforts. and highly as greener more as ESG We as our continue for We as solutions, forward long-term hybrid on their to influx who customers potential a evolve not customers embark a see hybrid only our path of

global disruptions orders. current parts partners and remain we targets our secure confident book pipeline, side, are achieving to continue in On times, with our need persistent and to to order but these delivery sales manufacturing the our continuing sales we we supply to closely With work for fulfill lengthen the XXXX.

Looking ahead, create shareholder assessing to value. we are continuously opportunities

of focused organization our offerings majority on current map, we and is the our road product to opportunities our products adjacencies. commercializing While into expand see new

eventually and gas. right, fuel-agnostic natural approach. into run our platform Today, utilize We transition is both we We've generator with a into time be and gas gas solution. a to on three-stage engine can Hypertruck hydrogen. then hydrogen When fuel we cell have natural natural designed current shifts our It the generator to starts hydrogen, showcased agnostic. a that product will moves

primary revenue streams. become competitive potential software new differentiator a have new proprietary our Additionally, the and solutions generate products are and to

our now, quickly to For road on – ERX and the possible. of as safely focus units be getting as our course first primary continues Hypertruck

build address With We an our over product turn product continue call that, solutions run to of our be I plans continued the we to instrumental our impact. as the Sherri. with sectors commercialization shipment to XXXX business for environmental on to and Moreover, development aggressively evolve should technology recent transportation move development success. will our year and

Sherri Baker

first quarter I review Thomas, morning, our good you, Thank everyone. and will now highlights. financial

year-over-year. in revenue from which support R&D on first Operating with QX and million of net Powertrain time, QX operations as compared a net in included the million QX R&D million, $XX.X for first net $XX.X our our $X.X from million solution, period, up represents QX sequentially in our our in development QX, road are operations a million million year product infrastructure product map. million quarter of $XX.X the of $X.X in million we versus in of XX% investing totaled expansion $X.X quarter, $X.X development a $XX.X gain reported a mentioned, recognize down with and loss As spend, the Overall, we and Hyliion operations $X.X revenue and million At totaled of million Thomas momentum. year-over-year. from XXXX. and expenses loss ago company initiatives up commercialization spend $XX.X million operations prior which the $XX.X $XXX,XXX continue compared loss increase in SG&A In Hybrid the expansion was same sequentially quarter. up key to to and was for for

$XXX.X sheet. and $XXX investments. the for and Turning We This investments hybrid balance includes Hypertruck $XXX over million our commercialization short-term to figure long-term in in cash the million million ERX. the first cash and quarter $XXX.X fund ended available to the in plans equivalents, million both with

maturities our across portfolio. of months Our and are weighted a instruments XX short-term credit maturity XX beyond months no investments high-quality and with long-term average

to meet investments the to long-term operating Our designed liquidity are providing while preserve company's requirements. capital,

now Turning to outlook. our

the call, earnings last will full year $X XXXX, mix the in we full ERX. the range revenue our increase reiterate actual number an of units The on of expenses discussed to sell commercialization year in driven million, retrofit we installations. $X Hypertruck costs support for million versus million to sales. on and million by of As guidance expect We amount new recognized revenue of and our R&D $XXX to Hybrid the in operating be primarily between $XXX depend of still

Lastly, back closing well we a turn to that, call through milestones few today's it capitalized we to in discussed key today's the outlined for presentation. and remain development With on Thomas remarks. expect I'll

Thomas Healy

like you with five key thoughts. Thanks, to Sherry. leave I'd

early at is Hyliion's to the time an is electrification First, of electrification industry. not the our adopters of -- technology for and recognized potential industry commercial the inflection transform point the vehicle

is market globally. operation are and on X estimates, commercial Class eX research growing. currently vehicles there Based our X large in Second, million

will annually by estimates Research population that grow XXXX. active A to Class X.X% from eX the addition, approximately commercial In XXXX vehicle

that XX practical. And of fleets. Third, They on is for growth Operator, while is our today, both We have to evolve we all to a and logical want see how into is. of to Fourth, evolve of smooth truck a a and solution infrastructure, powertrain overwhelmingly Fleets with refuel the future. as quiet Q&A. ahead. available superior for thousand-mile having all lower innovative, Because a our they deliver and strategy We qualify can solution advantages positive. a a to how existing finally, to reasons, call Feedback into range vehicle today hydrogen-powered capable solution. at our the for extender. please offer hydrogen-based leverage has better go that, time events our are XX drivers With a this been we these what we very impressed in do minutes and over retain our future. solution. have And the open emission operation and can and they bringing Drive that been it way expressed see a approach fleets long-term yet drivers. even forward on and OEMs about leverage credits cost our will range negative net the bullish Ride is

Operator

first [Operator Instructions] question from Bill comes Peterson Our with JPMorgan.

line open. Your is

Bill Peterson

you my point But agnostic the I Thanks questions. ample first about forth. cell, anticipate fuel at solution fuel best our I'm of natural programs? timeframe focusing I the guess on on the this for taking work those hi. Yes so beyond understand and before do on beginning we're second curious and or question, supply really and half in for least commercialization XXXX, ERX more of this XXXX is

Thomas Healy

begun into actually already hydrogen out development tomorrow. with at those and and is the DAC underway see to that we fuel Thanks solutions, for agnostic, the [ph] we've around going question specifically on future, answer us. that Bill, that I well seeing already one a we're about in the being large forward And to differentiator look you

gas of solution. terms it and after the Hypertruck will in releasing happen to natural ERX, ICE the both Now, solution the fuel actually market, cell fuel the agnostic

will have well under but it already that is a something So, development with. they are we rollout, staged

Bill Peterson

or Okay. more revenue the you've year. the hybrid, and think guess to Thanks I you're the we'll that this about how we natural business But targets I about of this I hearing increased I'm as the beyond for terms reiterating for look that here orders some that is we powertrains. should the look forward mentioned think on competition, as in there know conference. past, repeat year? at think of wondering from you including in gas how growth that

Thomas Healy

to to thing to you but in wanting of quite past mentioned give in we full more whereas hybrid, full we competitive we've shift And the call, the to benefits hybrid other Cummins XX-liter seen overall the market to but of not vehicles, electrification, So, that drive do then move a doesn't into is we have it, step is just the the an electric the electric threat a a Hypertruck. as interest growing vehicle. the of engine necessarily continued release seen as the it see earnings

to relatively And make are some fleets hybrid said, that ESG this this I journey electrification, seeing seeing hybrid. pretty step low-cost into it there can lot for where I we're want and and benefit into in early and makes some from strong it. savings a we're start get from Now, some that jump with are from getting step yes, sense an benefits where me. benefits the of strong terrains that's electric. It's easy of come fuel get into that's electric to the I some of adoption. say, some a willing right

on have seen have like it. others orders companies we repeat Logistics, placed GreenPath mentioned, you and some As some orders, Detmar Wegmans, repeat

being for the Hyliion. And ERX as see the do Hypertruck we backbone But so long-term we to continue ultimately, hybrid deliver the solution. solution

Bill Peterson

I I'll forward you Thanks, coming in queue. days. seeing in the you. to Understood. jump Thank look back the Yeah.

Thomas Healy

Yeah, should shell. fun a it be

Operator

with question Our comes Delaney Goldman next from Sachs. Mark

Your line is open.

Mark Delaney

CARB, seeing given there? the you're California if you in week, being from may about? seeing from this that added Understand, ERX ruling any again, And space interest fleet wondering fleets, be especially you what spoke in the

Thomas Healy

Absolutely.

that been so about out Around some specifying And credit which extremely on fleet at mandate there's, and going mix excited it's going ACT as We've of ruling, is continuing that's this, themselves. they're add we're the qualify is to valuable. are different ruling, what's for ultimately, really to the have on which mandates to is to events previously being need right adopt The to color us a to directly ACF that coming more two vehicle reservations. going forward. for for see the mandate mandate today. So now. as to this coming interest firsthand, is in get the actually, ZEV And about to ACF driving XX% these of spoken written we're types OEMs Hypertruck grow vehicles, a what Ride well under what the why and ruling, orders experience is Drive just in it. credit, the the some new as vehicles full to the And so Fleets put we're be of this able going of qualify in. a understand

things of So, exact We've I that's OEMs. something on of the and going things pull ACT the with same side definitely pulling see as to our to we this ACF the the going side a envision help do interest. seen strong That for product, already ACF has been thing. is customer or

fleets as that's space electrification long-haul to the to fact the vehicle, move think for I BEV as the practical them win a get same plug-in So us. able for huge solution and a we're very credits a into that

Mark Delaney

then understand, about And the managing to supply chain to the how helpful. That's related second question, ERX. hoping you're thinking

are So does or ERX hoping for that some some for to elevated, would supply parts are need-to-lock reflecting the goes and now, what in but of waiting down? highly perhaps supply you which what the give and do maybe current maybe extent costs on cost visibility supply somewhat assurances, the have chain you opportunity maybe

Thomas Healy

taken we've we make lines stage lock-in approach need at supply that on let's So based we this ahead of the sure more time of the us.

components we've that laid we those relationships we're does with and that the confident we impact add placed into that key components pretty trucks and going already it We've have the working them and we supply need, that really aspects. on out. XXXX, the chain need, end. with sure make locking not to down timeline to all milestones going feel And we're suppliers, electrification XXXX the those the includes orders. for that all to So we've started critical the already strong any And

going making that add next we've the year, it timeline. delays into then supply doesn't the further are we're that obviously, markets And near-term, to this really year, in. so and -- chain at And looking sure locked evolving this in how

Mark Delaney

you. Understood. Thank

Operator

Our comes Fitzgerald. Andres with next question from Sheppard Cantor

Your line open. is

Andres Sheppard

we for morning of think little the as the guidance, question questions. Quick back Sherri. thanks for and seasonality quarter. it Good up throughout ramping QX wondering, my morning on Congrats of remains Thomas. a I'm have account in And Hi. revenue kind should more bit quarters, for loaded. which unchanged, taking next Good we terms sort more or should me, some the of

Sherri Baker

Yes, that's you for a great and question, that. thank

our we're moving we be year. revenue the yes, throughout as expect ramping So fully up will that

Just do full keep holidays time in should will mind expect that bit that sequentially in QX, some shutdown effect some little But you the as that guidance, you year throughout in to based we're year. versus of moving off have it you'll and QX a QX. have the differently increase

Andres Sheppard

Got And follow-up. Sherri. it. one maybe Thanks, quick

in little Following industry, supply Thanks. Can are are shortages, up year, which, impact the of which of granularity and again, just next a guys. to delivery might like more the being constrained? in give are terms is year, that components mostly affecting you this every based us like? that look what that specifically terms ones you not And

Thomas Healy

see getting supply OEM. the of the One of vehicles We actually chain hurdles for is is the kind twofold. delivery

on. the need Then that some because to the aspect our right push from to experienced truck our components the hybrid And then install the to And in so OEMs in our other to it that's we've this system. a have the system to as ultimately, we is out truck the out deliveries the we actually go system, of of some the look of hybrid pushed be to us causing delivery obviously able getting industry right. at various of getting actually

So supply very similar most hurdles. to chain

that it we've And your in working to bill pole some XX%, for. whether various the XX% is it's X% the You connectors, pushouts material we're timing seen of that. out through or that we're last that wiring of down electronic can figured be long And tent. harnesses, seeing have and components, ultimately, components delayed

sure quarter to quarters deliveries our make continuing next. the line supply But to closely ahead. we're deliveries of to make to in have it. very from one working We on have this, to we And through the had that hybrid all of it sight some of push we're

Andres Sheppard

Thanks on. Got it it. pass Thomas. very much, I'll

Operator

[Operator question Instructions] with Our Barclays. next Johnson from Brian comes

Your line is open.

Brian Johnson

And -- $X $X bit late, – a Yes. that not on lost gone I apologize. But from $X transcript. even California. just to if more in has this, fleet it's I I diesel so $X, dialed missed us, the and I'll customers to assume a back to I gallon But to go probably little your in

of the So Hypertruck? economics hybrid question prices what nat gas, either has and the diesel one, diesel the the versus for the gas how have And actually volatile, – I or that meant been is or between half Difficulty] changed for number the the change and economics guess, but TCO fuel natural in back [Technical for hybrid Hypertruck? in interest economics hybrid the

Thomas Healy

really that of has about gallon, as the technologies not And that commodity of $X Thanks, have XX% while a overall this fuel Fleets the we're gas and obviously, of in pricing fluctuated example, let's the take the the for increase, gas Hypertruck vehicles question first, natural the actual XX% for prices, the is are like prices Brian. the is increases demand maybe actual greatly natural fluctuated, alternative all commodity saving price pricing. actual gas much. to per actual because prices fuel natural nat great at, for right? only diesel And reason looking fuel that, seeing pump for gas

in which that So just us, pull value can and is Hypertruck. looking can a this fleets or per some or and economics gallon. the on while great impact pricing, commodity station TCO drive big gallon a pay $X at helps go the because actual pump of diesel around gas $X natural that's I okay, into to pay I $X a see price, a saying, And the station and right, the we do fluctuations seeing not for proposition are

well. apply higher the diesel higher assist thing solution benefit that means able to there's the a savings And truck fleet. prices, In there that we're and the diesel right greater same from with strong having pricing. terrains, fuel as for then to hybrid goes true saving So the for

pull-through. strong that see we similarly, So,

Brian Johnson

of And kicked follow-on be on standard. California, you kind where colleague, putting pricing, Europe. and something that some name circles, the pressure it, renewable you. those out maybe of corn fuel with palm will pushing That's out is particular a my similar biodiesel getting heat there taking question, some Beach, around Long oil, be in pressures oil, will for Jason in

So do looking oil away of from solution? to it's third-world my more you say, be see either any interest regulatory paying COX countries, a in cooking or isn't the whether this owners sort look, best cutting believe it your but way taking change fleet I potentially to at and me going helps do therefore, in target solution, it even meet if carbon a and

Thomas Healy

biodiesel. ultimately, gas We much interesting stats then that there's on renewable saw existence. half most coming year. already as many gas at gas. RMG the LCFS gas one pretty of can't this with natural probably as I strong. of sold of And they towards ahead is natural natural exciting Sure. It's credits in some out in time are something obviously, not stations and things past the too are over fuel standards already facilities are of And our came kind there renewable development benefits is actually -- that natural renewable the the side. around just from capturing that gas, credits, holding and nat natural focus but we've the specifically renewable the a because the that But ton RIN on more at, going just spent looking comment gas are fuel

going renewable future. not-too-distant just that gas available we're see around the natural conceptually, of to And a probably so in doubling

to And fleets offset a of time almost this. again so all zero as -- of actually many deliver I aware these that other things one And net is well with set a emissions business. of and their of solution, from is we've time we then below if fleets can the or their we've net met think some carbon-negative the going profiles. of heard these are parts ultimately, And that can zero, they've emissions solution that

emissions and well see to very way fleets, they with a that's to negative So has this solution profile. as actually resonated viable an that capable cost-effective, electric move

Brian Johnson

Great. the social And the a note impact, but you, yourself ESG, fit worried using using methane out takes on into from their just system is be S of part as stuffs -- something a should atmosphere diverting seem company that production I think make renew part which renewable the follow-up, ESG about might biodiesel making food they to yes, for scores. food gas, not the of of would if to S versus about

Thomas Healy

best is I like have now would we're order the the taking our atmosphere, Yes, off way what pollution use to that it's to pack. you're explain pollution going gone in can would that and been into have charge battery

And so that's it positive to, -- as can benefit. drive really that emissions you're alluding

Brian Johnson

Thank Okay. you.

Operator

of with Our final UBS. question Avi comes from the line Jaroslawicz

is line Your open.

Avi Jaroslawicz

guys. good Hey, morning

Thomas Healy

Good morning, Avi.

Avi Jaroslawicz

it small past year, testing stage. it through be this this be end should of magnified hyper you winter had relatively achievable bit as to confidence little even late seems truck, out pushed a line this be XXXX be speak to the at level the the wasn't to delays for to can given But, where we wanted overall like about Just of in when have time so the commercialization able trucks? saw winter, like around the completed, some

all you're how wondering thinking just So of that.

Thomas Healy

confidence We've the that. couple Yeah. Thanks, the alludes stand calls Avi. and in today, a of to able over to earnings we fact this Where the line got time strong it. in line, I time strong reiterate that confidence been think we've last

be through this that ones winter on vehicle builds, to of ultimately going the which verification testing. going mentioned are completed we've are design we the these that our As first call,

on Michigan, in We've great already which So, them we make up are sure go that end in is got up the shape appropriate to on that good test testing. these through vehicles can to tracks see.

through timing getting we'll late both that leaves confidence then, we're design strong product be CARB production on. to verification the of already us the then certification, which and puts with so, hurdles XXXX. validation, able and And NISA, of hit in EPA that track working ultimately, and the And on launching to that us

be can So on everything we track accomplish we to are see, to now, -- that. able right all

Avi Jaroslawicz

on truck? how partnerships follow-up chance changing? what seeing an the lead in hyper times a for on there Okay, get are new kind great. of the availability ability for update trucks the or the strategy are to you maybe any Like or just And trend Is there?

Thomas Healy

And year to a now. great year another year trucks, through is right? actually is expect truck demand placing Sure. are, be right when the because for wait new roof to going close having they're over order it's I mean to in a record the XXXX orders, or actually that to they're record we trucks. Fleets point get

big on as a something the do that's So, this industry. we impact see

done, with ultimately, able trucks, Now, working things a and work XXXX. just And and was going they've XXXX, great at to trucks need we've we looking we've group up And truck we've been these to order we're ensure fine Peterbilt on line mentioned be trucks that the as see those to before, with XXXX that for delivery to we're late launch in be the of to placed to that. times. making for into these going deliveries. we all already one place on the we accomplish But then similarly, order sure time as earlier been today, able lines we of the we mentioned

Fleets delivery able enough a ensure it delivery industry. get working right closely nail in the been the long and been these order we've Peterbilt hitting the now. hurdle timing. So, trucks ultimately, head just the place to you're with of can't timing on But truck has advance on orders to in for

Avi Jaroslawicz

Great. Thanks, Thomas.

Operator

session. I'll question-and-answer call remarks. the over Healy turn the to for of closing end the reached back have Thomas We

Thomas Healy

earnings joining call. all you thank Well, for our

the into be ACT out As call mentioned, leading there. out this in week Expo California. Long I Beach, is We'll this

time are those those who ride I to some call And offering us are we on Thank our today, are conference. everyone. joining We for the thank there be the Jason, to it's who have And We're and for on call. Andreas out joining of trucks and Hyliion look going on interested. Bill, events to you, and at earnings display. who an want drive exciting us forward for next you

Operator

conference today's concludes This call.

disconnect. now may You

Hyliion (HYLN) 10 May 222022 Q1 Earnings call transcript