XOS Inc Earnings Reports

Xos, Inc. reported revenues of $15.8 million and a gross margin of 18.1% for the third quarter ended September 30, 2024. The company delivered 94 units and began serial production of Xos Hub in Tennessee.

Xos, Inc. reported a revenue of $15.5 million, a 227% increase year-over-year. The company delivered 90 units, up 137% year-over-year, and achieved a gross margin of 13.1%.

Xos, Inc. reported a 180% year-over-year revenue growth and achieved a 21% gross margin in Q1 2024. The company's cash position was improved by $50 million through the acquisition of ElectraMeccanica.

Xos, Inc. reported positive gross margins in Q3 and Q4 2023, a 22% increase in full year revenue, and entered into a definitive agreement to acquire ElectraMeccanica, strengthening the balance sheet.

Xos, Inc. reported a strong Q3 2023 with record deliveries of 105 units, a 176% increase quarter-over-quarter, and achieved positive GAAP gross margins of 11.9%. Revenues reached $16.7 million. The company is maintaining its outlook for 2023.

Xos, Inc. reported second-quarter revenue of $4.8 million, a net loss of $23.6 million, and produced and shipped its first gross margin positive units. The company delivered 38 units and secured a 30-truck purchase order from UniFirst after the quarter ended.

Xos, Inc. reported revenue of $4.7 million, a net loss of $24.3 million, and a non-GAAP operating loss of $18.9 million for the first quarter of 2023. The company delivered 31 units and is focused on achieving positive gross margin at a unit level by mid-2023.

Xos, Inc. reported its Q4 and full-year 2022 financial results, highlighting significant growth in revenue and deliveries compared to the previous year. The company is focused on achieving positive gross margins at a unit level by mid-2023 and expects strong revenue growth in 2023.

Xos, Inc. reported a revenue of $11.0 million for the third quarter of 2022, a 12% increase compared to the previous quarter. The company delivered 88 units, a 21% increase compared to the previous quarter. Net loss was $23.3 million and loss from operations was $31.2 million for the third quarter of 2022; non-GAAP operating loss for the quarter was $26.6 million.

Xos, Inc. reported a ~40% increase in revenue compared to the previous quarter, driven by increased deliveries. The company secured additional financing of $55 million in convertible securities. However, the company experienced a net loss of $9.5 million and an operating loss of $27.8 million for the quarter.

Xos, Inc. reported first quarter 2022 financial results with a revenue of $7.0 million. The company delivered 56 units and experienced a net loss of $21.2 million. Xos is focused on expanding deliveries and advancing relationships with existing clients.

Xos, Inc. reported Q4 2021 revenue of $3.3 million and a net income of $11.4 million. The company delivered 32 units to customers and expanded its distribution network through agreements with MHC and Yancey. They also strengthened their leadership team and had cash and equivalents of $168.7 million.

Xos, Inc. reported third quarter 2021 revenues of $357 thousand, a net income of $34.9 million, and cash and cash equivalents of $207.4 million. The company delivered 3 customer units during the quarter and launched the new Lyra Series of next-generation commercial vehicle battery packs.