Hyzon Motors: We're No Longer "Pre-Revenue"

Motley Fool2021-08-11

Electric heavy-truck maker Hyzon Motors (NASDAQ:HYZN) said it has begun shipping its fuel-cell-powered heavy trucks to customers, a significant milestone it achieved ahead of some better-known rival ...

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Comments

Sam87
2021-08-11
Sam87
?
- Teslawonder:
  ok like
- KadK:
  like
Irenepan
2021-08-11
Irenepan
Like and comment pls
- JoHoReplytj1888:
  Thanks!
- JoHo:
  Done
- tj1888:
  comment
Irenepan
2021-08-11
Irenepan
Like and comment pls
- JoHo:
  Done
Kevineng
2021-08-11
Kevineng
Not good enough
Kritz_
2021-08-11
Kritz_
Nice
Dommm
2021-08-11
Dommm
Cool

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Hyzon had no revenue in the quarter, but it made strong progress on its go-to-market plan -- enough progress that the second quarter will almost certainly be its last as a \"pre-revenue\" company.\nHighlights of Hyzon's second quarter\nHyzon, based in Rochester, New York, is a spinoff of Singapore-based Horizon Fuel Cell Technologies, which has been developing hydrogen fuel cells for over 15 years. The company has a factory in the Netherlands that has begun small-scale manufacturing, another in Chicago that will be operational soon, and a third plant under construction in Rochester that will be up and running by mid-2022.\n\nHyzon's Dutch factory has begun delivering vehicles to customers in Europe. Image source: Hyzon Motors.\nAuto investors should note that Hyzon doesn't build trucks and buses from scratch. 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In June, the company hired McKinsey & Company veteran Parker Meeks to lead the buildout of a global hydrogen refueling network that -- the company hopes -- will eventually include 1,000 stations in Europe, Australia, and North America. \nLooking ahead: Hyzon's expectations for the second half of 2021\n\nHyzon confirmed its prior sales guidance: It still expects to deliver 85 vehicles in 2021.\nHyzon expects its first vehicle revenue to occur in the current (third) quarter.\nThe company's first U.S.-assembled trucks will begin on-road trials with U.S. customers before the end of the year.\n\nHyzon also confirmed its Chicago facility will begin production in the fourth quarter of 2021, and its Rochester plant is on track to begin production in the second quarter of 2022.\nThe raw numbers\n\n\n\nMetric\nQ2 2021\nQ2 2020\n\n\nAdjusted earnings (loss) before interest, taxes, depreciation, and amortization\n($12.01 million)\n(About $293,000)\n\n\nResearch and development spending\n$3.5 million\nAbout $13,000\n\n\nOperating profit (loss)\n($9.27 million)\n($13.05 million)\n\n\nNet income (loss)\n($9.71 million)\n(About $172,000)\n\n\nNet income (loss) per share\n($0.10)\n$0.00\n\n\n\nData source: Hyzon Motors. Adjusted figures exclude stock-based compensation of about $580,000 in the second quarter of 2021. \nHyzon had $517 million in cash as of Aug. 10. The company had $32.3 million in cash as of June 30, before its merger with Decarbonization Plus Acquisition closed, and $17.14 million in cash as of Dec. 31, 2020.","kind":"highlight","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":892701864,"gmtCreate":1628687960758,"gmtModify":1676529821182,"author":{"id":"3572775695513464","authorId":"3572775695513464","name":"Sam87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"idStr":"3572775695513464","authorIdStr":"3572775695513464"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/892701864","repostId":2158284033,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5682060,"gmtCreate":1630212341929,"gmtModify":1663233061031,"authorId":3574996021054734,"author":{"id":3574996021054734,"idStr":"3574996021054734","authorId":3574996021054734,"name":"Teslawonder","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892701864,"type":1,"supId":0,"prevId":0,"content":"ok like","text":"ok like","html":"ok like"},{"id":5496015,"gmtCreate":1628690706311,"gmtModify":1663232232428,"authorId":3582018388695034,"author":{"id":3582018388695034,"idStr":"3582018388695034","authorId":3582018388695034,"name":"KadK","avatar":"https://static.tigerbbs.com/bdd55ac999462c43b91c6309647ccc75","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892701864,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"}],"langContent":"EN"},{"id":892477063,"gmtCreate":1628687732852,"gmtModify":1676529821094,"author":{"id":"3569237603070602","authorId":"3569237603070602","name":"Irenepan","avatar":"https://static.tigerbbs.com/db4e89afea753ce796193e2a3f10e433","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3569237603070602","authorIdStr":"3569237603070602"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/892477063","repostId":2158284033,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5500910,"gmtCreate":1628731058002,"gmtModify":1663232256536,"authorId":3571654919705737,"author":{"id":3571654919705737,"idStr":"3571654919705737","authorId":3571654919705737,"name":"JoHo","avatar":"https://static.tigerbbs.com/f6abe4a1fabaa50223737e93c50ec182","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3586170583260442,"repliedAuthor":{"id":3586170583260442,"idStr":"3586170583260442","authorId":3586170583260442,"name":"tj1888","avatar":"https://static.tigerbbs.com/be489dd8feb1571d03f7d7bb02d2cb53","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":892477063,"type":1,"supId":5495337,"prevId":5496193,"content":"Thanks!","text":"Thanks!","html":"Thanks!"},{"id":5495337,"gmtCreate":1628687829257,"gmtModify":1663232231445,"authorId":3571654919705737,"author":{"id":3571654919705737,"idStr":"3571654919705737","authorId":3571654919705737,"name":"JoHo","avatar":"https://static.tigerbbs.com/f6abe4a1fabaa50223737e93c50ec182","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892477063,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"},{"id":5496193,"gmtCreate":1628691472667,"gmtModify":1631890467352,"authorId":3586170583260442,"author":{"id":3586170583260442,"idStr":"3586170583260442","authorId":3586170583260442,"name":"tj1888","avatar":"https://static.tigerbbs.com/be489dd8feb1571d03f7d7bb02d2cb53","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892477063,"type":1,"supId":5495337,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"},{"id":892474940,"gmtCreate":1628687708180,"gmtModify":1676529821069,"author":{"id":"3569237603070602","authorId":"3569237603070602","name":"Irenepan","avatar":"https://static.tigerbbs.com/db4e89afea753ce796193e2a3f10e433","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3569237603070602","authorIdStr":"3569237603070602"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892474940","repostId":2158284033,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5495341,"gmtCreate":1628687839447,"gmtModify":1663232231229,"authorId":3571654919705737,"author":{"id":3571654919705737,"idStr":"3571654919705737","authorId":3571654919705737,"name":"JoHo","avatar":"https://static.tigerbbs.com/f6abe4a1fabaa50223737e93c50ec182","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892474940,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":892472861,"gmtCreate":1628687649253,"gmtModify":1676529821029,"author":{"id":"3578295948186506","authorId":"3578295948186506","name":"Kevineng","avatar":"https://static.tigerbbs.com/79c160f305341022220b9e214c9d4fcf","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3578295948186506","authorIdStr":"3578295948186506"},"htmlText":"Not 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