secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001819493-25-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos reports record 2024 revenue $56M, positive GAAP gross margin 7.1%, first positive free cash flow quarter
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- FY 2024 revenue $56.0M, up 26% from $44.5M; GAAP gross margin improved to +7.1% from -2.9%.
- Non-GAAP gross margin 18% vs -5.2%; net loss narrowed to $50.2M from $75.8M.
- Delivered 297 units (up from 283); largest customer order from UPS for 193 units expected in 2025.
- Q4 2024 net cash from operations $3.3M, first quarter of positive free cash flow.
- Operating expenses reduced $13.8M (-21.7% YoY); cash and restricted cash $11.0M at year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949325000041/0001819493-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949325000041/xos-20250328.htm
  HTML page:      https://secwatch.observer/filing/0001819493-25-000041

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