Xos Q1 revenue $13.2M (+180% YoY), gross margin 21.2%, net loss $11.0M

Xos, Inc.

2024-Q1 EPS reported -$1.80 revenue$13,162,000

Cash balance surged to $47.3M from $11.6M after ElectraMeccanica acquisition added ~$50.2M.
Delivered 62 units; revenue $13.2M vs $4.7M a year ago; gross profit $2.8M vs ($0.9M) loss.
GAAP net loss $11.0M ($24.3M Q1 2023); operating loss $10.2M vs $20.0M prior year.
Non-GAAP operating loss $9.3M vs $18.9M; non-GAAP gross profit $1.7M vs ($1.8M) loss.

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 financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 15, 2024, Xos, Inc. (the “Company”) issued a press release announcing its financial position as of March 31, 2024, results of operations for the three months ended March 31, 2024 and other related information.

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Xos, Inc. filing history →

Source: SEC EDGAR

accession 0001819493-24-000099

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