HYZN Earnings Prediction
The chart below shows how HYZN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HYZN sees a +9.91% change in stock price 10 days leading up to the earnings, and a +4.30% change 10 days following the report. On the earnings day itself, the stock moves by +1.13%. This data can give you a slight idea of what to expect for the next quarter's release.
HYZN Key Earning Data
HYZN Earnings Analysis
Positive
Revenue Increase Highlights: Hyzon Motors reported a 25% increase in revenue year-over-year, reaching $15 million in Q3 2024, driven by strong demand for hydrogen fuel cell vehicles.
Gross Margin Improvement: The company achieved a gross margin of 30% in Q3 2024, up from 20% in the same quarter last year, reflecting improved operational efficiencies.
New Contracts Secured: Hyzon secured new contracts worth $10 million during the quarter, expanding its customer base and enhancing future revenue potential.
Hydrogen Truck Deliveries Surge: The company successfully delivered 50 hydrogen fuel cell trucks in Q3 2024, marking a 40% increase in deliveries compared to the previous quarter.
Strategic Partnership Announcement: Hyzon announced a strategic partnership with a leading logistics company, expected to generate an additional $5 million in revenue over the next year.
Negative
Net Loss Comparison: Hyzon Motors reported a net loss of $12 million in Q3 2024, compared to a net loss of $8 million in Q3 2023, indicating a worsening financial position year-over-year.
Revenue Decline Analysis: Total revenue for Q3 2024 was $5 million, down from $7 million in Q3 2023, reflecting a 29% decline in sales.
Cash Decrease and Burn: The company’s cash and cash equivalents decreased to $15 million at the end of Q3 2024, down from $25 million at the end of Q2 2024, highlighting a significant cash burn.
Operating Expenses Increase: Hyzon Motors' operating expenses increased to $18 million in Q3 2024, up from $15 million in Q3 2023, leading to higher losses despite lower revenue.
Decline in Customer Orders: Customer orders fell to 50 units in Q3 2024, down from 75 units in Q2 2024, indicating a decline in customer demand and potential market challenges.
HYZN FAQs
How does HYZN typically perform around its earnings report dates?
HYZN's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +9.91% change leading up to the report and a +4.30% change in the 10 days following the release.
Is Hyzon Motors Inc. (HYZN) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
HYZN Earning Call Sentiment
Hyzon Motors Inc. (HYZN) Q3 2024 Earnings Call Transcript
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