Hyzon Motors has reported a net loss of $30.3m in the first quarter in 2023 following ongoing regulatory concerns and a senior management shake-up.
During Q1 2023, the company’s net loss totalled $30.3m, with EBITDA at $29.3m and adjusted EDITDA coming to $27.3m.
However, the company reported unrestricted cash, cash equivalents and short-term investments of $209m as of March 31, 2023, and around $185m as of May 31, 2023.
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