Hyzon Motors reports Q1 EPS (14c) vs. (12c) last year

Reports Q1 revenue $10M vs. no revenue last year. “I am pleased with our start to 2024, during which we have built upon the commercial and technology inflection points we achieved in 2023,” said Hyzon CEO Parker Meeks. “We’ve successfully completed the commercial cycle for vehicles deployed last year, evident in our quarterly revenue progression. We continue to receive positive data and feedback from initial vehicle deployments. Last week, we unveiled the first U.S. fuel cell refuse vehicle with New Way, and we eagerly anticipate commencing trials for this vehicle and the 200kW Class 8 fuel cell truck this summer. We remain on schedule for the SOP of our single stack 200kW fuel cell system in the latter half of this year, and are enhancing manufacturing efficiencies and expanding our facility capabilities. I am highly encouraged by the progress we have made and the strength of the Hyzon platform as we progress through the balance of 2024.”