See more : Sable Resources Ltd. (SBLRF) 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 |
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Xos, Inc. Secures Purchase Order from Mission Linen Supply for New 22' Stepvan Option
LOS ANGELES, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading provider of medium-duty electric vehicles, charging infrastructure, and fleet management software, is pleased to announce that it has received a purchase order from Mission Linen Supply,...
ELECTRAMECCANICA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of ElectraMeccanica Vehicles Corp. - SOLO
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of ElectraMeccanica Vehicles Corp. (NasdaqCM: SOLO) with Xos, Inc. (NasdaqCM: XOS) pursuant...
ElectraMeccanica Announces Filing and Mailing of the Joint Proxy Statement/Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Proposed Combination with Xos
MESA, Ariz.--(BUSINESS WIRE)--ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”) is pleased to announce that the joint proxy statement/management information circular (the “Joint Proxy Statement/Circular”) of ElectraMeccanica and Xos, Inc. (NASDAQ: XOS) (“Xos”) giving notice of a special meeting of ElectraMeccanica shareholders...
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The Xos Hub™ Gets Major Upgrades and a Purchase Order from Xcel Energy
LOS ANGELES, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leader in the electrification of fleets, today announced the next generation of their mobile charging unit, The Xos Hub™. This rapidly deployable charging unit is designed to...
Xos, Inc. (XOS) Electrameccanica Joint Investor Call Transcript
Xos, Inc. (XOS) Electrameccanica Joint Investor Call Transcript
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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.