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

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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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Sam87
·2021-08-11
?
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- Teslawonder:
  ok like
  2021-08-29
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- KadK:
  like
  2021-08-11
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Irenepan
·2021-08-11
Like and comment pls
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- JoHoReplying totj1888:
  Thanks!
  2021-08-12
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- JoHo:
  Done
  2021-08-11
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- tj1888:
  comment
  2021-08-11
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Irenepan
·2021-08-11
Like and comment pls
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4
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- JoHo:
  Done
  2021-08-11
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Kevineng
·2021-08-11
Not good enough
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Kritz_
·2021-08-11
Nice
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Dommm
·2021-08-11
Cool
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fortuna
·2021-08-11
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- Ysheng:
  Done
  2021-08-11
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hellotomato
·2021-08-11
Like pls
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- fortuna:
  Done
  2021-08-11
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- WenWen23:
  Ok
  2021-08-11
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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. 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