secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001819493-23-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos reports 2022 revenue $36.4M (up 6x YoY), net loss $73.3M; expects gross margin positive units by Q2 2023
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- Revenue $36.4M in 2022 vs $5.0M in 2021; deliveries 275 units vs 44.
- Gross loss $30.0M; net loss $73.3M vs net income $23.4M in 2021.
- Non-GAAP operating loss $92.5M; cash and equivalents $89.3M (down from $168.7M).
- Expects to begin delivering gross margin positive units in Q2 2023.
- Subsequent to year end: 150-vehicle order from Loomis; introduced Next-Gen 2023 Stepvan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949323000062/0001819493-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949323000062/xos-20230329.htm
  HTML page:      https://secwatch.observer/filing/0001819493-23-000062

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