Xos Q3: record 105 units (+176% QoQ), revenue $16.7M, GAAP gross margin 11.9%

Xos, Inc.

2023-Q3 EPS reported -$0.36 revenue$26,147,000

Delivered 105 units in Q3 2023, a 176% increase over Q2 2023 and highest quarterly volume to date.
Revenue of $16.7M, compared to $4.8M in Q2 2023.
GAAP gross margin of 11.9%; per-unit gross margins up to 20%.
Net loss of $14.1M; non-GAAP operating loss of $11.2M.

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 0.95

Xos, Inc. reported third quarter ended September 30, 2023 results: revenue $16.7 million, net income $14.1 million.

Period: third quarter ended September 30, 2023
Revenue: $16.7 million
Net income: $14.1 million
Result: reported results

Exact text from the filing

Revenues of $16.7 million, compared to $4.8 million in the second quarter of 2023. ● Net loss was $14.1 million, loss from operations was $12.6 million, and non-GAAP operating loss (1) for the quarter was $11.2 million.

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Source: SEC EDGAR

accession 0001819493-23-000250

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