See more : First Community Corporation PFD SER B (FCCTO) Income Statement Analysis – Financial Results
Complete financial analysis of Xos, Inc. (XOS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Xos, Inc., a leading company in the Agricultural – Machinery industry within the Industrials sector.
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Xos, Inc. (XOS)
About Xos, Inc.
Xos, Inc., a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2001 |
|---|---|---|---|---|---|---|---|
| Revenue | 44.52M | 36.38M | 5.05M | 2.64M | 1.15M | 308.00K | 44.52M |
| Cost of Revenue | 45.81M | 66.41M | 7.41M | 2.34M | 806.00K | 92.00K | 0.00 |
| Gross Profit | -1.29M | -30.03M | -2.36M | 300.00K | 341.00K | 216.00K | 44.52M |
| Gross Profit Ratio | -2.90% | -82.55% | -46.79% | 11.36% | 29.73% | 70.13% | 100.00% |
| Research & Development | 19.59M | 30.68M | 20.08M | 7.02M | 362.00K | 1.54M | 19.59M |
| General & Administrative | 37.70M | 41.09M | 27.20M | 3.61M | 3.91M | 1.94M | 37.70M |
| Selling & Marketing | 6.39M | 9.55M | 3.52M | 1.55M | 207.00K | 204.00K | 6.39M |
| SG&A | 44.09M | 50.64M | 30.72M | 5.16M | 4.11M | 2.15M | 44.09M |
| Other Expenses | 0.00 | -4.84M | 38.00K | -3.29M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 63.68M | 81.32M | 50.79M | 12.17M | 4.72M | 3.81M | 63.68M |
| Cost & Expenses | 109.49M | 147.72M | 58.20M | 14.51M | 5.52M | 3.91M | 63.68M |
| Interest Income | 0.00 | 1.20M | 38.00K | 0.00 | 559.00K | 351.00K | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 3.29M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 4.88M | 3.63M | 736.00K | 296.00K | 239.00K | 121.00K | 0.00 |
| EBITDA | -60.09M | -107.72M | -52.42M | -11.58M | -4.14M | -3.48M | -64.97M |
| EBITDA Ratio | -134.96% | -423.94% | -2,568.84% | -381.14% | -360.51% | -1,128.57% | -145.91% |
| Operating Income | -64.97M | -111.35M | -53.16M | -11.87M | -4.37M | -3.60M | -64.97M |
| Operating Income Ratio | -145.91% | -306.10% | -1,052.99% | -449.53% | -381.34% | -1,167.86% | -145.91% |
| Total Other Income/Expenses | -10.86M | 38.03M | 76.56M | -4.80M | -559.00K | -351.00K | -10.86M |
| Income Before Tax | -75.82M | -73.32M | 23.40M | -16.67M | -4.93M | -3.95M | -75.82M |
| Income Before Tax Ratio | -170.30% | -201.55% | 463.61% | -631.09% | -430.08% | -1,281.82% | -170.30% |
| Income Tax Expense | 21.00K | 8.00K | 2.00K | 1.51M | 0.00 | 0.00 | 21.00K |
| Net Income | -75.84M | -73.33M | 23.40M | -18.18M | -4.93M | -3.95M | -75.84M |
| Net Income Ratio | -170.35% | -201.58% | 463.57% | -688.26% | -430.08% | -1,281.82% | -170.35% |
| EPS | -13.11 | -13.32 | 6.65 | -7.57 | -4.17 | -5.02 | -13.11 |
| EPS Diluted | -13.11 | -12.62 | 6.60 | -7.57 | -4.17 | -5.02 | -13.11 |
| Weighted Avg Shares Out | 5.79M | 5.51M | 3.55M | 2.40M | 1.18M | 787.00K | 5.79M |
| Weighted Avg Shares Out (Dil) | 5.79M | 5.81M | 3.59M | 2.40M | 1.18M | 787.00K | 5.79M |
XPENG announces first global Tianji XOS 5.2 OTA upgrade and nationwide rollout of state-of-the-art unlimited XNGP
GUANGZHOU, China, July 31, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today showcased its cutting-edge advancements in AI technology during the XPENG Smart...
Xos, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call
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Does Xos (XOS) Have the Potential to Rally 132.04% as Wall Street Analysts Expect?
The consensus price target hints at a 132% upside potential for Xos (XOS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside...
XPENG launches industry's first AI-powered in-car OS, promoting AI-enabled smart driving experience
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Blue Bird Debuts Electric Step Van at 2024 Advanced Clean Transportation (ACT) Expo
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Northland Capmk Comments on Xos, Inc.’s Q2 2024 Earnings (NASDAQ:XOS)
Xos, Inc. (NASDAQ:XOS – Free Report) – Investment analysts at Northland Capmk issued their Q2 2024 EPS estimates for XOS in a research note issued on Thursday, May 16th. Northland Capmk analyst D. Schafer forecasts that the company will earn...
Xos, Inc. (XOS) Q1 2024 Earnings Call Transcript
Xos, Inc. (NASDAQ:XOS ) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Christen Romero - General Counsel Dakota Semler - Chief Executive Officer Giordano Sordoni - Chief Operating Officer Liana Pogosyan - Acting Chief Financial...
Capital Injection and Robust Margins Position Xos, Inc. for a Strong 2024
Improved cash position with $50 million from acquisition of ElectraMeccanica Delivered 180% year-over-year revenue growth Achieved industry-leading 21% gross margins LOS ANGELES, CA / ACCESSWIRE / May 15, 2024 / Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric...
The 2024 Xos SV Stepvan Now Available for Incentives on the HVIP Vehicle Catalog
LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), an industry-leading commercial electric vehicle manufacturer, has received official approval from the California Air Resources Board (CARB) for the 2024 Xos SV Battery Electric Stepvan to be listed...
Xos, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call
Xos, Inc. announced it will release its third quarter 2023 operating results on Wednesday, May 15, 2024 after the close of the U.S. financial markets.
Source: https://incomestatements.info
Category: Stock Reports
What are Xos Inc’s gross margin trends?
Achieved gross margins of 18.1%, up from 13.1% last quarter, and up from 11.9% in the third quarter of 2023.
What is Xos Inc’s current cash position?
The company has $8.43 million in cash and $45.29 million in debt, giving a net cash position of -$36.86 million or -$4.59 per share.
How many units did Xos Inc deliver in Q3 2024?
Xos Inc (NASDAQ:XOS) achieved a gross margin of 18.1% in Q3 2024, marking the fifth consecutive quarter of positive gross margins. The company delivered 94 units in the quarter, with a 4.4% increase in unit deliveries compared to the previous quarter.