14
Aug
13:06
Hyzon Motors posts sharp drop in quarterly revenue
US fuel cell truck maker Hyzon Motors has posted a sharp quarter-on-quarter drop in sales revenue, Kallanish reports.
In the three months to 30 June, revenue came in at $313,000, down roughly 219% from the first quarter of 2024. Last year, the company made no sales.
Net loss in the second quarter shrank by 15% to $51 million compared to the same period last year.
The company said in its earnings presentation that “revenue primarily reflected continue…
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