secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001819493-22-000159
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949322000159/0001819493-22-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949322000159/xos-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001819493-22-000159

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer