Hyzon Motors Inc. (NASDAQ:HYZN) Q1 2023 Earnings Call Transcript

And that’s less than 10 million to get us all the way to the SOP in 2024. We’re not guiding on core OpEx now, but I will say you look at the cash burn trending monthly that we talked about before from Q1 to the first two months of Q2, the legal and other elevated cost levels that Jiajia spoke to, the special committee investigation is now ended with costs all accounted for in quarter one and how we expect that to potentially trend depending what happens with the other ongoing investigations. And of course, we’re very, very focused on our core SG&A and on — we’ve gone through the reallocation, right, of shutting down two-thirds of our vehicle R&D, doing a material staff reduction in China, reducing staff in Europe and reallocating that towards the fuel cell plant side.

And we’ll continue to very closely manage that with digital levers that we know that we can pull.

William Peterson: Thanks to the additional color.

Parker Meeks: Thank you.

Jiajia Wu: Thanks.

Operator: This brings us to the end of our Q&A. I will now hand back to Parker Meeks for any further remarks.

Parker Meeks: Thank you so much for joining us today. We’re excited again to be back in this forum and to after a long break to finally be communicating in this forum again. So we look forward to providing additional updates soon. Take care.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines. Have a great day.