---
schema_version: "secwatch.filing_event.v1"
accession: "0001819493-23-000107"
form_type: "8-K"
ticker: "XOS"
cik: "0001819493"
company_name: "Xos, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:56:59.506545+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Xos Q1 revenue $4.7M, net loss $24.3M; CFO Kingsley Afemikhe resigns

## Summary
- Revenue of $4.7M in Q1 2023, down from $7.0M in Q1 2022; 31 units delivered.
- Net loss $24.3M, operating loss $20.0M; non-GAAP operating loss $18.9M.
- Reaffirms FY 2023 guidance; targeting positive gross margin at unit level by mid-2023.
- CFO Kingsley Afemikhe to resign effective May 26, 2023; not due to disagreement.

## SEC filing metadata
- accession: 0001819493-23-000107
- form_type: 8-K
- ticker: XOS
- cik: 0001819493
- company_name: Xos, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819493/000181949323000107/0001819493-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819493/000181949323000107/xos-20230506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819493-23-000107
- JSON: https://secwatch.observer/filing/0001819493-23-000107.json
- Plain text: https://secwatch.observer/filing/0001819493-23-000107.txt

## Key facts
- Earnings Releases
  Xos, Inc. reported three months ended March 31, 2023 results: revenue $4.7 million, net income $24.3 million. Guidance reaffirmed.
  - Period: three months ended March 31, 2023
  - Revenue: $4.7 million
  - Net income: $24.3 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: electric truck manufacturer and fleet services provider, today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights: • Revenue of $4.7 million, compared to $7.0 million in the quarter ended March 31, 2022. • Deliveries of 31 units, compared to 58 deliveries in the quarter ended December 31, 2022 to leading companies
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000181949323000107/0001819493-23-000107-index.htm
- Executive change
  Kingsley Afemikhe resigned as Chief Financial Officer at Xos, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On May 6, 2023, Kingsley Afemikhe notified the Company of his intention to resign from his position as Chief Financial Officer of the Company, effective on or about May 26, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000181949323000107/0001819493-23-000107-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.