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Dec 31, 2021
XOS Inc Q4 2021 Earnings Report
Reported fourth quarter and full year 2021 financial results, highlighting revenue, net income, and deliveries.
Key Takeaways
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.
Fourth quarter revenue reached $3.3 million.
Net income for the fourth quarter was $11.4 million.
Delivered 32 units to customers including UniFirst and FedEx Ground Operators.
Expanded distribution network through agreements with MHC and Yancey.
XOS Inc
XOS Inc
Forward Guidance
For the first quarter of 2022, Xos anticipates deliveries in the range of 40 to 50 units and revenues between $4.5 and $6.3 million, with a non-GAAP operating loss projected in the range of $20 to $25 million.
Positive Outlook
- Deliveries to be in the range of 40 to 50 units
- Revenues to be in the range of $4.5 to $6.3 million
Challenges Ahead
- Non-GAAP operating loss in the range of $20 to $25 million.