secwatch.observer — SEC 8-K summary
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Issuer:     RXO, Inc. (RXO)
CIK:        0001929561
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001929561-23-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RXO Q4 2022: Revenue $1.1B, GAAP net loss $4M; brokerage volume up 4% YoY
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- Revenue of $1.1B (down from $1.3B YoY); gross margin 19.6%, up 250 bps.
- GAAP net loss $4M (includes $44M spin costs); adjusted net income $33M, adjusted EBITDA $64M.
- Brokerage volume record, up 4% YoY; brokerage gross margin 17.9%, up 290 bps.
- 87% of brokerage loads created or covered digitally; RXO Drive app downloads up 45% to 920k.
- Expects continued YoY brokerage volume growth in Q1 2023; reaffirms 2027 adjusted EBITDA target of $500M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000023/0001929561-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929561/000192956123000023/rxo-20230207.htm
  HTML page:      https://secwatch.observer/filing/0001929561-23-000023

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