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 |
Xos, Inc. Ranked Number 51 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™
LOS ANGELES, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (Nasdaq: XOS) today announced it ranked #51 on the Deloitte Technology Fast 500 ™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in...
ElectraMeccanica and Xos Host Joint Investor Call to Provide Shareholder Update
LOS ANGELES and MESA, Ariz., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos”), a leading electric truck manufacturer and fleet electrification services provider, and ElectraMeccanica (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, are pleased...
XOS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Xos, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Xos, Inc. (NASDAQ: XOS) and ElectraMeccanica Vehicles Corp. is fair to Xos shareholders. Upon closing of the proposed transaction, ElectraMeccanica shareholders are expected to...
Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos' Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers
LOS ANGELES & MESA, Ariz.--(BUSINESS WIRE)--Xos, Inc. (NASDAQ: XOS) (“Xos”), a leading electric truck manufacturer and fleet electrification services provider, and ElectraMeccanica, (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that they have entered into a...
Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos' Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers
Proposed Transaction Anticipated to Significantly Strengthen Xos' Balance Sheet and Provide Growth Capital to Further Expand Xos' Gross Margin Positive Vehicle Business Positions Combined Company for Sustainable Long-Term Value Creation with a Strengthened Financial Profile, a Substantial Backlog, and Strong...
Xos Announces 1-for-30 Reverse Stock Split
LOS ANGELES, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (Nasdaq: XOS), a leading electric truck manufacturer and fleet electrification services provider, today announced that it intends to effect a 1-for-30 reverse stock split of its issued and outstanding shares...
3 EV Stocks Still Flying Under Wall Street's Radar
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Xos, Inc. (XOS) Q3 2023 Earnings Call Transcript
Xos, Inc. (NASDAQ:XOS ) Q2 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Christen Romero - General Counsel Dakota Semler - CEO Giordano Sordoni - COO Liana Pogosyan - Acting CFO Conference Call Participants Mike Shlisky...
Xos, Inc. Reports Third Quarter 2023 Results
Delivered 105 units in the quarter, the highest quarterly volume to date, and a 176% quarter-over-quarter increase Achieved average positive GAAP gross margin of over $18,000 per unit LOS ANGELES, CA / ACCESSWIRE / November 9, 2023 / Xos, Inc....
Xos, Inc. (XOS) Expected to Beat Earnings Estimates: Should You Buy?
Xos, Inc. (XOS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.