secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001819493-24-000190
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos Q3 revenue $15.8M, delivers 94 units; gross margin expands to 18.1%
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- Revenue of $15.8M down 5% YoY from $16.7M but up 2% QoQ from $15.5M.
- Unit deliveries of 94 vehicles, down 10% YoY from 105 and up 4% QoQ from 90.
- Gross margin 18.1%, up from 13.1% QoQ and 11.9% YoY; fifth straight quarter of positive gross margins.
- Began serial production of Xos Hub mobile charger; NextEra, Duke Energy, Xcel Energy deploying units.
- Net loss $10.5M; operating loss $9.7M; cash & restricted cash $9.2M vs $20.7M at Q2 end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000190/0001819493-24-000190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000190/xos-20241113.htm
  HTML page:      https://secwatch.observer/filing/0001819493-24-000190

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