---
schema_version: "secwatch.filing_event.v1"
accession: "0001819493-24-000038"
form_type: "8-K"
ticker: "XOS"
cik: "0001819493"
company_name: "Xos, Inc."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T10:20:25.524925+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Xos reports FY2023 revenue up 22% to $44.5M; enters deal to acquire ElectraMeccanica for cash infusion

## Summary
- Full year 2023 revenue $44.5M, up 22% YoY; GAAP gross loss $(1.3)M vs $(30.0)M in 2022.
- Net loss $(75.8)M vs $(73.3)M in 2022; cash and securities $11.6M at Dec 31, down from $89.3M.
- Entered definitive all-stock agreement to acquire ElectraMeccanica, expected to add over $45M cash.
- Delivered 283 EVs to fleets including FedEx, UPS, Loomis; operating expenses reduced 43% in 2 years.

## SEC filing metadata
- accession: 0001819493-24-000038
- form_type: 8-K
- ticker: XOS
- cik: 0001819493
- company_name: Xos, Inc.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819493/000181949324000038/0001819493-24-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819493/000181949324000038/xos-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819493-24-000038
- JSON: https://secwatch.observer/filing/0001819493-24-000038.json
- Plain text: https://secwatch.observer/filing/0001819493-24-000038.txt

## Key facts
- Earnings Releases
  Xos, Inc. reported fourth quarter and year ended December 31, 2023 results: revenue $44.5 million, net income $(75.8) million.
  - Period: fourth quarter and year ended December 31, 2023
  - Revenue: $44.5 million
  - Net income: $(75.8) million
  - Result: reported results
  source text: services provider, today reported financial results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Highlights: ● 2023 revenue improved significantly to $44.5 million from $36.4 million in 2022 ● Achieved positive gross margins in the third and fourth quarters of 2023, supported by the release of an updated stepvan platform ● Bolstered
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819493/000181949324000038/0001819493-24-000038-index.htm

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