Loading...
•
Sep 30, 2023
XOS Inc Q3 2023 Earnings Report
Reported highest quarterly volume to date and achieved positive GAAP gross margin.
Key Takeaways
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.
Delivered 105 units in the quarter, the highest quarterly volume to date, representing a 176% quarter-over-quarter increase.
Achieved average positive GAAP gross margin of over $18,000 per unit.
GAAP gross margins reached 11.9%, and up to 20% on a per unit basis.
Revenues increased to $16.7 million, compared to $4.8 million in the second quarter of 2023.
Forward Guidance
Xos is maintaining its outlook for 2023 with unit deliveries between 250 and 350 units, revenue between $36.3 and $54.7 million, and non-GAAP operating loss between $(50.5) and $(61.0) million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...