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Mar 31, 2022
XOS Inc Q1 2022 Earnings Report
Reported financial results with revenue of $7.0 million and deliveries of 56 units.
Key Takeaways
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.
Revenue for the three months ended March 31, 2022 was $7.0 million.
Net loss was $21.2 million for the three months ended March 31, 2022.
Delivered 56 units to customers in the quarter.
Cash, cash equivalents and available-for-sale debt securities of $129.7 million as of March 31, 2022.
Forward Guidance
The Company is providing the following outlook for the second quarter of 2022: Revenues to be in the range of $8 to $11 million, Deliveries to be in the range of 70 to 90 units, and Non-GAAP operating loss in the range of $23 to $28 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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