Überall taucht der 200kw stack auf, dabei wird der aktuell ja noch gar nicht verbaut...
Through these and other core business activities, Hyzon believes that it has identified a pathway to TCO parity with diesel vehicles. For instance, we estimate that once we assemble or upfit approximately 1,000 FCEV Class 8 vehicles annually in the U.S., these vehicles will be able to achieve at or near TCO parity without subsidies versus similar diesel powered vehicles.
Hyzon - Neuausrichtung
In addition, the Company reassigned all of the assumed upfit service contracts, including after-sales obligations, back to Holthausen Clean Technology B.V.
Ausgabensteigerung:
The increase was primarily due to $37.1 million in higher legal, accounting, and consulting fees incurred in connection with regulatory and legal matters including the Special Committee investigation, the SEC and regulatory investigations and other litigation, $10.9 million in higher salary and related expenses, $9.2 million in higher IT, rent, depreciation and amortization, travel and other office related expenses to support business growth, and $5.0 million in higher director and officer (?D&O?) insurance and franchise and property tax expense. In addition, we incurred $8.4 million related to the cancellation of the Orten acquisition in Europe. Following the signing of the Orten acquisition agreement, the Company determined that consummating the Orten transaction would be too costly and that the acquisition was no longer consistent with the Company?s revised business strategy. The increase is offset by $24.6 million in lower stock compensation expense.
As of December 31, 2022, we had $60.6 million unrestricted cash and cash equivalents, $194.8 million in short-term investments, and positive working capital of $267.0 million. The Business Combination closed on July 16, 2021, generated proceeds of approximately $509.0 million of cash, net of transaction costs and redemptions. We believe that our current cash balance will provide adequate liquidity during the 12-month period from the issuance date of these consolidated financial statements.
As of April 30, 2023, unrestricted cash, cash equivalents, and short-term investments were approximately $196 million.
Long-Term Liquidity Requirements
Until we can generate sufficient revenue from product sales and upfit services to cover operating expenses, working capital and capital expenditures, we will need to fund cash needs through a combination of equity and debt financing, strategic collaborations, and licensing arrangements. If we raise funds by issuing equity securities, dilution to stockholders may result. Any equity securities issued may also provide for rights, preferences or privileges senior to those of holders of our common stock. If we raise funds by issuing debt securities, these debt securities may have rights, preferences and privileges senior to those of holders of our common stock. The terms of debt securities or borrowings could impose significant restrictions on our operations. If we raise funds through collaborations and licensing arrangements, we might be required to relinquish significant rights to our technologies or products, or grant licenses on terms that are not favorable to us. The credit market and financial services industry have in the past, and may in the future, experience periods of upheaval that could impact the availability and cost of equity and debt financing.
While we intend to raise additional capital in the future, if adequate funds are not available, we will need to reevaluate our expansion plans or limit our research and development activities, which could have a material adverse impact on our business prospects.
Audit Fees von 1.6 für 2021 auf 4.4 Mio USD für 2022 angestiegen !!! für KPMG
Fett geworden sind auch die beiden Holthausens mit jeweils 0.5 Mio pro Nase (MAx und Carl)
und Orten mit 8.2 Mio USD plus Inventory (!) crazy
DIE WICHTIGSTE NACHRICHT ist für mich:
As of April 30, 2023, unrestricted cash, cash equivalents, and short-term investments were approximately $196 million.
Sollte Meeks etwas Handfests zu bieten haben sollte der 1 USD schon wieder drin sein,
der Jahresbericht liest sich insgesamt wie ein grober Businessplan,
als wäre in den vergangenen Jahren einfach nichts passiert,
null Infos, wo, was und wieviel gebaut wird, das ist zu wenig.
Fast nicht zu glauben, dass Schenker und MPREIS schon beliefert wurden...
Gute Nacht oder guten Morgen ;-)
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