---
schema_version: "secwatch.filing_event.v1"
accession: "0001819493-23-000241"
form_type: "8-K"
ticker: "XOS"
cik: "0001819493"
company_name: "Xos, Inc."
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:56:04.660976+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Xos delivers 105 units in Q3, first quarter with positive GAAP gross margin (8-15%)

## Summary
- Q3 2023 deliveries of 105 units highest quarterly volume to date; first quarter with positive unit-level gross margins.
- Preliminary GAAP gross margin estimated at 8% to 15%; unit gross margins on new 2023 stepvan +10% to 20%.
- Margins driven by proprietary software, long-term battery supply agreements, and cost-efficient design.
- 2023 stepvan offers 30-40% TCO savings vs. comparable ICE last-mile delivery vehicles.
- Acting CFO expects margins to improve and be sustained as demand for medium-duty EVs grows.

## SEC filing metadata
- accession: 0001819493-23-000241
- form_type: 8-K
- ticker: XOS
- cik: 0001819493
- company_name: Xos, Inc.
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819493/000181949323000241/0001819493-23-000241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819493/000181949323000241/xos-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819493-23-000241
- JSON: https://secwatch.observer/filing/0001819493-23-000241.json
- Plain text: https://secwatch.observer/filing/0001819493-23-000241.txt

## Key facts
- Earnings Releases
  Xos, Inc. reported preliminary financial results for the third quarter of 2023.
  - Period: the third quarter of 2023
  - Result: preliminary results
  source text: Xos Achieves Largest Quarter with Profitable Deliveries to National Fleet Customers Xos has delivered 105 units in the third quarter to multiple global fleets and parcel delivery operators. LOS ANGELES — October 18, 2023 — Xos, Inc. (NASDAQ: XOS) is pleased to announce that it has delivered 105 units to end customers in the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000181949323000241/0001819493-23-000241-index.htm

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