HYLN - Earnings call 3 2023 | Hyliion Holdings Corp.

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Operator

Good day, and thank you for standing by. Welcome to the Hyliion Holdings Third Quarter 2023 Earnings Conference Call.[Operator Instructions] I would now like to turn the conference over to Kellen Ferris, Hyliion's Director of Investor Relations. Kellen, please go ahead.

Kellen Ferris

Thank you, and good afternoon, everyone. Welcome to Hyliion Holdings Third Quarter Earnings Conference Call.

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

predictions, other on statements are and assumptions. expectations current anticipated events statements Forward-looking about projections and based that are

uncertainties. statements Many differ such, on factors cause As risks are to forward-looking to actual materially call. and from made subject this results could

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

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

Thomas Healy

potential parallel, the sale. that for the announcing support to wind XXXX sale business of expert are number Directors the Hyliion's strategic competitiveness decided engaging while Hello, and third also our powertrain announced later a a were help industry appreciate engaged a for for month, strategic use today, the our Last business Quarter preserving the have and that range a a In we of exploring possible including everyone we to powertrain opportunity market us of options today with of we with partners we Earnings with KARNO support strategic welcome merger. or industry update down private and financial equity or business, evaluate Call. report. of us technology I Board experts advisers, Third quarter of regarding and to we joining result, the generator.As

new capital focus company's solution. business, KARNO our generator and will an we forward, Going on generator efforts innovative resources the

the of best be believe powertrain. Although is it Hypertruck the progress shareholders.We are a this development we with the decision difficult a its in decision company proud ERX the interest of is to and made our of to make, we've

made development As years that have laid we we have we regularly progress almost publicized, out milestones X achieving ago. consistent the

adopting In fact, have trucks, fleet commercializing that I production of Hyliion's steps all to with founded the progress, vehicles, beginning development which with powertrain.Since certification, in extended trucks emissions significant of date. put been has we've trials for line CARB vehicle innovative companies than building on Despite space adoption receipt was trucks, higher and fleet solutions our challenging.Slower the have company, regulatory the the costs component of customers companies and frameworks ERX recent electrified provide to electrified to from completed with our the that of we fleets evolving the semi mission interest and with on like commercial the become accomplished has expected prerequisite electrified Hyliion. this Hypertruck from pressure the reduce in initially environment path in

around As cost than natural with XX% drop has seen increases more who $XX,XXX in all buy I for to recently an parts, a by owner was past a some by conventional have fleet the increased shared example, each. years.We gas powertrain few the speaking nearly that

the some solution result the cab with suppliers we integrating of the environment. to number due our described development production by of high and limited at our inflation, a June, changes for powertrain regulatory was ERX hurdles of work Investor to we powertrain components is electric cost the variant to align avoid weight XX-liter is associated that powertrain believe charging and of also range key hydrogen. as the developing it certification as immature electric gas electrified partly for the for infrastructure, reducing Hypertruck obtaining the and and and event, included powertrain.While of the with anxiety is solutions, this necessary driven of new the engine, volumes Cummins and right CARB day natural This cost of market.Last While our low additional long-haul other such the trucking a nature

not an that the We a starts and requires act to to KARNO such by powertrain and the distributed are new are is primary being that solution would electricity. we of acquired by cycle of growing commercial additional well companies presentation, including vehicles.This trucks has generator and has strong heat solution been now as KARNO down that financial financial entered enabled business orders with cost-effective and electric difficulties discussion fundraising while position fleets I faced of caused the to we our now the driven now mandates additional develop trucks. but is plan.Our in are advised demand strength expense, want CARB-ACF, commercialize the shift efficient recognition as recently the with have day powered an the clean, in delaying that engine.Given and a that our goal adoption many it to generator investment a raise some are is adoption to both currently later in advancements innovative cab supportive electric of on Hypertruck generator our manufacturing.When markets various powertrain address segment partly point, the as for recent the initially additional powertrain our discontinue we expected, a developing capital a capital with ELMS interest is generator for new XXXX wind we the than linear the rates, Jon longer and will Volta our for go-forward until to believe on to bankruptcy. us offers challenges business KARNO as but the market. technology, described, saw Therefore, require industry in I clear experts force to the third-party of and into by integrating of business. further stationary additive reasons, higher these Proterra, at by and important is as one we which also of a impact some Lordstown, electricity Powertrain solution KARNO it of companies development The in due discuss spending have have it

discovering vehicle compelling opportunities market and to back stationery Our both and successfully BEV work ability electric ability grid.As not application are they address the customers KARNO's become power we ever-increasing above-market stand-alone long times and has electricity nature lead its in showcased the their integration to needs. infrastructure. in the even are the Commercial that vehicles to able And providing for capital charges. when and they generator are have with expressed demand to significant recharging interest team electricity secure in a sufficient KARNO incremental faced look do, they stationary more fleets due at encounter rates power the ahead, that investments, has often the by to

being include currently benefits to internal These is generators. of these generator KARNO heat issues.It highlight KARNO counterparts. conventional Powered a is to compared gas Our by efficiency unlike generator configured combustion benefits each a a turbine-driven and conventional that is fuels.KARNO results greater across to utilizes compared important the or engine, output lower solve and oxidation distinct generators. has its emissions maintenance KARNO generator that sources, density, hydrogen, fuel gas, vibration proprietary significantly levels, technology broad on natural including to range costs, to a flameless range noise power conventional operate in broad and less of power ammonia, lower the ability conventional of high propane the

a generating hydrogen, to We surpass while range substitute as efficiency broad fuel outperforming systems efficiency operating generator expect on power across sources a its conventional when grid employing prime as fuel believe a to various KARNO emissions.We applications for when no or cell generating the even supplement compete of and can power. operating carbon

be gases or later its Recently, maintenance generator advancements Ohio moving the has generator expect next many a of have require the KARNO prepare can backup frequent gas are valuable mixtures grid we is electric part power. customers of we in vehicle operate range couple maintenance fuels, made power, such grid or achievement KARNO no contrast, the only into supplemental maintenance changes that technician highlighted significantly with per or and years, year. markets back support. we KARNO oil downtime for even or recent a it electricity.Over believe showcasing combustion with compete costs. like waste initial been charging we from into returning matching. require on another shaving, that or as garnering as KARNO Its such usable to have fuels providing Internal to is of can with of landfill facility on power fuel we lubricants using ability oil also past one we deployments a reduced. these significant commercial One successfully gas technology We advantage In enables as development in generators it the months, major renewables impurities discussions, convert to peak shaft, example and how unit.In address electric our customers. Through the in points insights face potential to pain generator flare

soon these for KARNO of business KARNO of these we announce expect the use, employees powertrain to and have showcases, take potential preserve continue shift and we that down we later initial to certain year.As will opportunity several we next technology development. deliveries As companies customer units wind an to the technology

highlight will Ohio Ohio. maintain related headquarters industrialization technology.As will Drive KARNO generator adaptable on the Austin, we will have and financial generator capture transition battery initial is electric on the of operations to of system algorithms plan used software in KARNO activities and architectures will and in analyze the the Austin on want able significant As for also and and business. reduce spent to amount The overlap advanced the remain the but developed R&D I Jon on development. for technology.We Hyliion focus expectations. cash vehicle we to KARNO Processor, we will see can the which Cincinnati, similarly systems. The We and is readily details, more focus an our example, in to KARNO, the adapted and our infrastructure to connectivity supporting data vehicle be significantly its monitoring. to be team controls cloud Texas maintain use provide assume and

We sheet the million have of continue $XXX available a capital the at strong to balance of quarter. third with close

to approximately have XXXX, us leaving to year-end.For be approximately Our year million $XX a million to burn full in XX% cash reduced $XXX our million $XXX reduction. is expect XXXX, or we projection spent for at the

Our strong will call well the KARNO technology year.I flexibility of we Jon now gives to update. future, as to into capital a generator begin financial commercial position over deployments our financial next the turn us provide

Jon Panzer

related Thank our $XX.X a to in million the for Starting the expenses financial the million revenue and we year. reported totaled included which systems. afternoon. KARNO from compared year hybrid $XX,XXX of prior sales with results to charge in last purchase Operating you, of good million Thomas, quarter, of $XX.X onetime $XX.X quarter,

compared was on that on our longer-term rates quarter expenses expenses, and million $X offset driven total balance R&D compared this second consumed reduction significant cash advantage $XX.X of XXXX cash, quarter finished by $X this about million Excluding paid cash increase acquisition take share were that third year.We investments comparable in longer-dated million.Using with our by $X in remind securities. million as XXXX, more in partly the million million third the expense. quarter in to $XX million of everyone charge, SG&A of we of in the to investments a short-term was in third KARNO and cash spend quarter third higher I $XX a part basis, of down to the about were this expenses quarter, of capital including long-term million interest of $XX want and $XX the $XXX million in the maintain of to Total sheet.

production were expenses, down For the excluding severance trucks. from components components the $XX acquisition or year.Most example, cost of We fourth XX million around cash charge. was we XXXX estimate capital long-term million, million to about about incurred wind this for the to expenses and entirely component including in trucks $XXX million, truck months of including wind the for contractual KARNO be year we powertrain down expect charge, planned that and for sales recognize be first the business.Total currently that than in about period $X XXXX. of the discontinued XX $XX payments fourth compared up agreements future increase million, additional initial This of of our due X down expenses that for costs. be production This compared of the have including purchases, operating the is were Year-to-date KARNO the first to $XXX were as to of hybrid-related XXXX, about little expenses expenditures expenses related higher of X payments previously will and and this wind R&D expenses million, a same the incurred million operating other expenses down SG&A employee for the $XXX,XXX, approximately or customers will operations. for the to $XX Powertrain million. purchased of excluding expensing we down chassis expenses the quarter because in the for $XXX,XXX investments.For XXXX the that million other will $XXX.X $XXX months for powertrain made Year-to-date, will $XXX.X our previous were XX% for sell to year, be quarter guidance categorized of is total the revenue first powertrain to

cash be the of previous finish though year $XX rest a cash higher wind the that rate in investors development, the and unique we revenue the hybrid than XXXX down or Thomas for guidance, a future sales.It hand along with early This million drop generator with fireside to no our million incur XXXX. total noted, powertrain need capabilities we $XXX or payments customers about receiving in technology expect asset important total plans, we to approximately investments expect operations. of a hosting systems from investment with We spending $XX with be potential later deployments we will KARNO we that we to highlight activities powertrain the note expect deployments cash to details on year And even the KARNO capital.To approximately KARNO for and this for will business on to business will from key generator around burn commercialize Hypertruck and this to additional our and wind quarter milestones. and significant million from powertrain provide of chat the in opportunities near for ERX our to balance cash begin down year. without for proceeds the raise generator, more estimate we expect expenditures further KARNO able some million is expect We stationary from after long-term decrease year.We late cash a today, $XXX amount excludes to next slower development as that have expenditures

event the this call the about turn that, to Thomas you closing over will coming update will weeks.With We back for in I remarks.

Thomas Healy

success.During of entire express to positive powertrain these The long want pride passionately team trials, ERX from and worked team. exceptional many effort, great appreciation outfitted powertrain performance. extremely sincere powertrains solutions. of trucks road and great that talented with our I is miles my have great We our on been about our and take our Hypertruck gratitude logging thousands with overwhelmingly received extended the we fleet that dedication feedback development on the nights taking Hyliion to tirelessly has products

breakdown not day, speaks in reason miles technology to preserving was the or robustness potential the sale.Although time, Powertrain a may to are which future, this the its later had right able that X,XXX and and the the This confident are potential maintain this potential matures. move we the that opportunity the be in technology have We of winding as use the is such product. is the we if a for of reintroduced technology plan arises the the the fleet down we business great industry a it utilized drive over to of single at full to and truck

take of generator.Now look will we we questions. the great to KARNO For your potential the now, forward

Operator

Donovan the Capital line Northland of And first from Schafer question your Instructions] Markets. comes from [Operator

Donovan Schafer

on is movement path talking it the then alternatives my a question first now the and about looking So business ERX at incremental strategic initially of just of for down. Hypertruck winding to committing

ran through able First, the where and NDAs Or go where we're on folks value? conversations didn't just did you case even that to a next on the potential could if rough numbers to, That engage and point I maybe see some share step. this to that and you something a not did signed you valuation eye a third-party any or first of decided valuation is actually And or from take you buyers, went And kind? a this with to then case guess, eye a and solicit get was that? through question. get or things

Thomas Healy

Sure.

I appreciate So the questions, Donovan.

came bankruptcy just bankers That potential That And a at did pulling equates went their discussions what financing, ones been strategic had and partners own in to longer. process. to assist included and if with wind speaks and it, there this file run at I of looking or trying we So with later spend out of we electric looking into options these included even as for was that mean and And we is as actively our all would be. IP a back market, preserving interest also engaged that where to others successful process at people lot lot market discussions, internally entrants assessing process. that. And people to the lot recently. not other raise that the industry of take this decided potential acquirers. a And We mergers. space, what we've comparable potential in are right space, be spend we groups seen best their Evercore as potential you roll-ups upon to looking adoption through at stakeholders path the just parties was of in or discussions for had we with that, that Hyliion, on there they out down they instances, explore the are other with could of where the pull think a many the I new terms sure imagine, different dozens on a slowdown now out buyers were them what themselves us have electrification.In of the I'm found we're conclusion this then on a expecting use.With to strategic back seeing electrification, lot in are can

factors those this so And to of down. the decision all led wind us

Donovan Schafer

just, that, you'll customers. how are do around any do a you Hypertruck KARNO, ERX, you now with KARNO, way see chat. Whatever lot for where Okay. giving time plan But there And this line have detailed time that giving on of this the approach maybe focus and be guess, that we to any a of more past -- more time have could turning do more Hypertruck you that with it's there And think or there there talked us situation to not fireside the maybe same thoughts the the about one first, to you changed. stickier in yourselves be repeat a a involved kind that give would the color EPA stuff. tests is KARNO do ERX, there? a of at then any with -- something is excitement we from you've -- is breakdown done stationary commercialization, you required I course, source great? make particular path us on planning that different And there's us granular a if certifications, on Is would granular the

Thomas Healy

Yes, absolutely.

the one So let's first milestones around around with start KARNO.

here. So want highlight a couple to just I

this expectations. next with going that. KARNO. we the the be brings next us starting in into then in validation probably year.So year, And share more next into back details of by that customer partners end initial we there. we'll some around of we are the go we'll chat, as year, middle granularity And come actually of some fireside second that probably more whether just into around who some kind then year, then discussions the go as that's be the year, to And with of we'll set having will system half the final start expect to We of adoption deployments

coming a revenue of that those low at income from single we're from couple So or so million those initial of coming those that -- would deployments, million, would customer deployments. be looking be

I think set how powertrain. initial expectations repeat market.As So to of we entrance we're in to situation just the want those kind about the with into be that that the will not

we're of are a and market, freight weak we're There into, the at weight mandates is government electric more trucks that bringing an isn't maintenance. this push the ago to of to force number flexibilities combustion think we customer a I the So are stepping electric government since low fuel vehicles. existing low until as vehicles until a of that now into let's very shift to generator. their few of higher a focus the kind already discussions adopt were wait pullback. it.I the ahead an We to is order really road a were look focused mandates right, competitively we in the on want even like start versus is we're on freight fleets a very semi was generator "yes, Now of electric." pretty where place things, there's market upfront, thought going cost to going though to of It's market already at wait electric and stepping that strong the noise, look or It's is on kind come established are the we market not -- and upfront years lot And high market, costs to emissions, versus It's was It is there.As low standard we're a out solution. more the side of engine. saying, of of were think -- into. powertrain they're efficiency, that This couple internal it are this. want them ESG, a gives generators. adopting we differentiated to agnostic, get

the already really from can't where more hookups X And and and grid. size X, it a now of a just get market from going can feel step points years. but grid end they can't need a in one and where so now. benefits instances, address, which need there X, has, the being what And customer's lot an are power prominent solution that that's -- people forward pain has they're brings plant after we of like the existing it electricity of And a some bringing very generator.So told it market what a get a for in the that's they right or we into even

Operator

next the Your of Peterson JPMorgan. comes from Bill from question line

William Peterson

few bit indeed I'd I mean over wind of and like that on excitement. to to a I a The lot last ago, months led of the get about you're Founders back decision down -- details little ownership the cost kind X more infrastructure history talking to the program, mean efforts there here. was think years, I still even advantages. of still advantages the

So lot we apparently for fleets bad this not adopting here? -- coming there nowhere. looking this at stage, do versus infrastructure, fuel from so how do decisions trying cell, I evolutions Again, provided really new did are across challenging hydrogen the it's have. own this and really to such mean, be fleet then like and forth, mix various the just that between lack you've going evolve gas XXXX to generated options I'm it great -- infrastructure of get come you how option actually understandable see the evolving be their the how in especially to a just had think the student, should about out these nat whether going that a it of ahead, figure other any -- have -- was a and the did story? saying the feel given advantages you the given landscape, times.But information they What Is technologies? of the you obviously,

Thomas Healy

Sure.

it on history getting little of kind of this decision. a So to

price they're later rate about those costs our that mandates those adoption. pointed with experiencing happened having hands, So reiterate going and with force performance passing components slow out, than well trials. interest market that Actually, thing a you are and of on, to their expressing the as outperforming for not to to fleets.But they product really has or customer one diesel fleets pleased to a we've was until fleet this lot hearing having that vehicles there's or us gives or softening about situation.And have in adopt like and -- discussions adoption costing the we're increases things of we're has decision that those from elongated fleets when other is down I in one a these that. And as thing issues And very, this government saying very are discussions doing -- And this fleets mandates decade engagement is feedback potentially I and we a as is probably reliability upfront -- type been been changing to a concern shifted still even really the there trucks. fleets more based of really was need the government really product out want becoming seeing how even right now on to we've or fleets with what think same lot shared, as fleet electric. wait is

led this look hurdles we in, opportunity, strong more we a from changing, KARNO. components the a have a And X the best on strong to being to it's it on then the time the for We're use delivering focus available to initial a technology, company. KARNO of the position million for customer as powertrain of market approaching weakness the that cash Powertrain to KARNO at we see so KARNO. these focused side cost it, really of going second and shelf put we we part And opposed preserve got forward, position the as units strength balance out going closed where of year.So quarter, we're cash to path we it at. be in we We've more fortunate were strong we capital-efficient position next sheet look the as look position.And potential go to and us. we're as in at is that us facing later take the of We mentioned things. like feel had Powertrain the $XXX And decision And regulatory we -- the up of market. as last a technologies -- some put that's the on within the and year of what demand have

William Peterson

Okay. Yes.

a around on for backup. about On picture competitive charging. how Well you're the turnkey for solutions hearing just the long-duration next cases use over business understood. focusing to be on going get data models center more trying whether for early years? few generator later it bigger you're We're people you Okay. storage, landscape where fuel We've There's cell, batteries, talk plus... viewing be stationary different see to and power KARNO, the heard like the to market. how feel this approach view trying get landscape a it, EV I'm

Thomas Healy

Sure.

a anything generation of couple And to off different things. side markets, power with maybe of just start there's clarifying. about the So

generator you saving being later with solutions that then these at looking we're So help a able mentioned battery like of electricity at conserving of to going it a a and use date. to is versus more some being electricity

that are enabling space. a in companies actually to an actually EV available as demand have think electricity in -- are of produce but is Difficulty] think being bring locally deployed about what we where needed, really out As there's at especially this a substations these chargers is could don't for more think some some just chargers about both, we're lot site.There electricity you the a electricity more and of space, [Technical and instances, of service it we just other we the lot opportunity production generator

coming bringing sitting at similar is a does in in chargers fuel standpoint, fuel engines have bringing not the to fuel to of still Some electricity. our is cost our brings a more being we by running are produce we're order want from lot of others And What what using fuel, right? internal great but maintenance we not cells maintenance. think see at. pollution an advantage are than great emissions the things are that there don't many some at to looking KARNO a are we a like conventional less standpoint, emissions cell a using on lot then an where And I produce cells in generator.So with is electricity. looking order combustion diesel efficiency, low powered for are pollution and from many and internal an that engine diesel forward, benefits and it EV that's and combustion are requires that solution environment, we're

as size at before, rate. in like kind normally many it's affordable deployed forward in own power produce generator your locally of bringing forward So a a a that benefits mentioned plant, but you can it electricity a be bringing that and see cost conventional

Operator

Fitzgerald. Cantor of next comes Instructions] question the from Sheppard [Operator Andres Your from line from

Unknown Analyst

is Andres. on This for Anand

just look were period KARNO we right prior with expect now? you we're like revenue in as would wondering to to the to what into So generator, respect that and commercialization commercialization

Thomas Healy

Sure.

And part of the a coming revenue we're at start year will year. solution. later of next million couple of in commercialization next So as that just expecting mentioned, from

As this we announcing into today. get further obviously, it transition, we're just

what to of into we year, of space, get generator first we next being the we The of a market production it the think market. back is share on as on projections half more coming So huge able the electricity are. next and future year, plan

of means. we're size any not in half from on adoption is back first after, we're the market a expecting this by is rate a huge plan market projections on with This what coming we issue standpoint. addressable next going year So an but

Unknown Analyst

pricing how expect to products see Got respect with the to competitors, do services? and comparable pricing it. Appreciate you for and generator And and KARNO the color.

Thomas Healy

directional more wanted we'll this, granularity some but So to numbers. I give come with back just of on kind

having being expensive to more solutions some an internal than like than So forward looking other are solutions we the those are less a bringing benefits engine, the of to of ability that diesel fuel to cells at like engine, combustion going lot low of as of on we're run side be mentioned, other But substantially market. the a but coming out conventional hydrogen, that things. the maintenance

emergency at suspect conventional still our the see deploy we right? on pretty power opportunity of into dependent utilize wants going market where make by So and to be to all have take going on there, with landfills, go focus least standby is But engine hours less being. someone to hospitals, about or the and be to great In to flare solution electricity.We the great the going the beginning, fit. see to own hotels, electricity, a diesel see solution off be this that compelling ability become we the the differentiated. warehouses, it. operation year. actually for is do after high we a X generator generation for to take -- I sense that that, applications us KARNO a coming We generator or grid being more there's gas like these, go make their where the going think of power is being opportunities to significantly of generator the for on electricity and a And for that. us and where a produce opportunities that pollution kicks are attractive space.Now time for can where applications where to it's being be you're operations doesn't the X it those important shaving convert the see KARNO peak the Think able utilize plenty that really opportunities, news prime That's we uptime

Unknown Analyst

it. this if sure it. just easy one, I could. and wanted right. quick a just I make Got last have really to Appreciate And I

to expecting any that or correct? the trucks going the XX book Hypertrucks not of Is in You're order forward. deliver

Thomas Healy

Yes. Yes, correct. that's

wound is average from production So being we talked more business the about, the won't any we generate business that or from systems revenue powertrain trucks selling down.

Operator

comes line next Shang from from Your UBS. Kai of question the

Unknown Analyst

KARNO What question. for quick XXXX? in your very one will be just outlook So sales

Thomas Healy

some the in year. of expected in we've it couple the of given a of KARNO next next KARNO on we're this revenue more year transition the sales now. information of was in year. of this as At half half So the Obviously, just XXXX, million first stage, But that second in generator announced mentioned, directional back starting come next we'll with from today. numbers just

granularity we'll be projections. more so coming back on And future with

Jon Panzer

Yes.

we better next what ramping over resources and shift strategic add this of we're kind That to that to time, growth. customers just from going that, looks make real deployments we're good clearly, benefits. have KARNO, are for But the bit are with units initial be deployments. as to We'll reevaluate point shifting at power mentioned, up as you continued ramping be a to can the Thomas visibility those to little R&D provide that deliveries doing be after starting still next year. imagine will but to as start we'll up be from Thomas expect And like. going Just year as we'll will so mentioned, a that, use powertrain what we them -- for

Operator

the would some Hyliion's Thomas CEO, this question-and-answer And concludes remarks. Healy, closing the like turn to this call. of today's for At portion I over time, back to conference final

Thomas Healy

Well, forward on continue this on excited path go-forward with time our believe thank a discontinuation go execute for stakeholders for shelf, exciting business, to putting company, the shift on call. for shared it the on and for the strategy powertrain lot do for of we're generator a as and to today's that on around that our we this and in being. call preserving base. use Obviously, is earnings you, We this shareholder share news focusing our right today's to story joining look the shareholders, KARNO pivot everyone, the for potential of the the later technology

today joining and for come you to the ahead. more thank So quarters in

Operator

this does gentlemen, conclude call. conference today's and Ladies

a You wonderful may and disconnect, all day. have

Hyliion (HYLN) 9 Nov 232023 Q3 Earnings call transcript