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. Announces Third Quarter 2023 Earnings Release Date and Conference Call
LOS ANGELES, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, announced it will release its third quarter 2023 operating results on Thursday, November 9, 2023 after the close of...
Xos Achieves Largest Quarter with Profitable Deliveries to National Fleet Customers
Xos has delivered 105 units in the third quarter to multiple global fleets and parcel delivery operators. Xos has delivered 105 units in the third quarter to multiple global fleets and parcel delivery operators.
Xos Stepvans Eligible for Thousands in State and Federal Incentives
Xos, Inc. (NASDAQ: XOS) is proud to announce that their 2023 Xos SV is eligible for impressive incentives in place by both federal and state governments.
Xos Customers in Canada Can Save $100,000 CAD with iMHZEV Incentive
LOS ANGELES, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) is pleased to announce that its stepvans are now eligible for the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles Program (iMHZEV) from the Government of Canada.
Xos Grows Fleet Deliveries
LOS ANGELES, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) is pleased to announce the delivery of 100% battery-electric stepvans to several parcel and delivery independent service providers in Tennessee and California. The vehicles delivered are supported by...
Xos Awarded Contract by State of California to Provide Electric Stepvans to State & Local Agencies
Xos is now contracted with the State of California (CA), offering sustainable electric stepvans for CA state and local agencies Xos is now contracted with the State of California (CA), offering sustainable electric stepvans for CA state and local agencies
Xos Completes First Over-the-Air Updates Across Vehicles
Xos Revolutionizes Commercial Vehicle Updates with Over-the-Air Capabilities Xos Revolutionizes Commercial Vehicle Updates with Over-the-Air Capabilities
Xos Hub Now Eligible for $160,000 CARB CORE Incentive
Xos Hub Now Eligible for CARB's CORE Incentive, saving customers $160K Xos Hub Now Eligible for CARB's CORE Incentive, saving customers $160K
Xos, Inc. Demos the Power of The Xos Hub™ Across Multiple Use Cases
Xos has successfully demonstrated the capability of the Xos Hub across multiple use cases and electric vehicles in California Xos has successfully demonstrated the capability of the Xos Hub across multiple use cases and electric vehicles in California
Xos Bolsters Leadership Team with Two New Vice President Hires
Xos Hires Experienced Vice Presidents to Lead Tennessee Manufacturing Facility Xos Hires Experienced Vice Presidents to Lead Tennessee Manufacturing Facility
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.