Xos reports Q2 2023 revenue of $4.8M, net loss of $23.6M; first positive gross margin units shipped

Xos, Inc.

2023-Q2 EPS reported -$0.28 revenue$9,451,000

Revenue rose sequentially to $4.8M vs $4.7M in Q1; deliveries increased to 38 units from 31.
GAAP net loss $23.6M, operating loss $20.5M; non-GAAP operating loss $17.0M.
Produced and shipped first positive gross margin units, a key operational milestone.
After quarter end, secured 30-truck purchase order from repeat customer UniFirst.

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 0.9

Xos, Inc. reported the second quarter ended June 30, 2023 results: revenue $4.8 million.

Period: the second quarter ended June 30, 2023
Revenue: $4.8 million
Result: reported results

Exact text from the filing

truck manufacturer and fleet services provider, today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights: ● Revenue of $4.8 million, compared to $4.7 million in the first quarter of 2023 ● Deliveries of 38 units, compared to 31 units in the first quarter of 2023 ● Net loss was $23.6 million, loss from

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Source: SEC EDGAR

accession 0001819493-23-000199

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