Xos Q3 revenue $11.0M, net loss $23.3M; reaffirms H2 outlook

Xos, Inc.

2022-Q3 EPS reported -$0.33 revenue$27,805,000

Revenue of $11.0M, up 12% QoQ from $9.8M; deliveries of 88 units, up 21% from 73.
Net loss of $23.3M and operating loss of $31.2M, vs net loss of $9.5M and operating loss of $27.8M in Q2.
Non-GAAP operating loss $26.6M; gross margin loss $10.8M ($5.5M non-GAAP).
Cash, equivalents, restricted cash, and marketable securities $109.2M as of Sep 30, 2022.
H2 2022 outlook: revenue $18.75-$25.60M, deliveries 150-200 units, non-GAAP operating loss $43-$52M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Xos, Inc. reported third quarter of 2022 results: revenue $11.0 million, net income $23.3 million. Guidance reaffirmed.

Period: third quarter of 2022
Revenue: $11.0 million
Net income: $23.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Class 8 commercial vehicles, today reported financial results for the quarter ended September 30, 2022. Recent Strategic Highlights: ● Revenue for the third quarter of 2022 was $11.0 million, up 12% compared to the previous quarter. ● Deliveries of 88 units in the third quarter of 2022, up 21% compared to 73 units in the previous quarter, to key customers such as

View on SEC.gov

Browse all earnings releases →

Xos, Inc. filing history →

Source: SEC EDGAR

accession 0001819493-22-000159

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.