secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001819493-24-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000099/0001819493-24-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000099/xos-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001819493-24-000099

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer