Xos Q2 revenue $15.5M, up 227% YoY; 90 units delivered; gross margin 13.1%

Xos, Inc.

2024-Q2 EPS reported -$2.96 revenue$28,697,000

Revenue $15.5M (+227% YoY); 90 units delivered (+137% YoY).
Gross margin 13.1% vs -78.4% YoY, but down QoQ from 21.2% on product mix/inventory.
Net loss $9.7M improved from $11.0M QoQ; operating loss $11.4M.
Cash $20.7M (down from $47.3M at Mar 31); reaffirms annual guidance.
Strategic powertrain partnership with Blue Bird school bus manufacturer.

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