secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001819493-24-000144
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000144/0001819493-24-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000144/xos-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001819493-24-000144

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