Hyzon Motors reports Q3 EPS ($7.74) vs. ($8.99) last year

Reports Q3 revenue $134M vs. 0$ last year. “I am pleased with the significant commercial and operational progress we have made this year while simultaneously reducing our spend. We began 2023 with an average monthly net cash burn in excess of $15 million, and through intentional, strategic actions we now have line of sight to a $6.5 million monthly cash burn by year-end. This was enabled through operational efficiencies, footprint rationalization, and cost take-outs. We also expanded our access to capital markets through the Company’s first equity raise since our listing and putting in place an ATM program. Our team has done a tremendous job,” said Hyzon CFO Stephen Weiland.