Christen T. Romero
Effective January 10, 2025 , Christen T. Romero resigned as General Counsel and Secretary of Xos, Inc.
Highest-materiality recent filing
Xos Q2 revenue falls 74% YoY to $4.7M; revises FY outlook on delivery deferrals
Q2 revenue $4.7M vs $18.4M YoY; 30 units delivered vs 135; gross margin improved to 12.1% from 8.9%
Xos raises ~$6.0M via registered direct offering of 1.09M shares at $5.50/sh
Gross proceeds of ~$6.0M from sale of 1,090,910 shares at $5.50/share.
Xos Q1 2026: record 38.6% gross margin, $11.2M revenue, operating loss down 49.5% YoY
Revenue $11.2M (up 90% YoY from $5.9M); record gross margin 38.6% vs 20.6% in Q1 2025.
Xos lowers convertible note conversion price to $12/share; adds mandatory conversion trigger
Third A&R Note reduces conversion price from $71.451 to $12.00 per share of common stock.
Xos posts Q4 positive free cash flow; FY2025 EBITDA loss halved to $21M
Q4 revenue $5.2M (down 55% YoY) on shift to powertrains; gross margin -50.5% GAAP, 5.2% non-GAAP.
Xos Q3 2025: $16.5M revenue, positive free cash flow $3.1M, 15.3% gross margin
Revenue $16.5M on 130 units delivered; gross margin 15.3% vs 8.8% in Q2 2025.
Xos terminates Mesa factory lease; issues 1.8M shares for interest conversion
Termination contingent on landlord's new lease; Xos pays ~$2.7M over 18 months, forfeits $1.2M deposit, pays ~$1.3M commissions.
Xos enters ATM sales agreement with Roth Capital; up to $20M common stock offering
Up to $20M common stock ATM offering; current capacity limited to ~$5.37M under S-3 instruction.
Aljomaih amendment limits aggregate shares issuable under $20M convertible note to 1,737,247 (19.99% of outstanding).
Xos Q2 2025: record revenue $18.4M, highest deliveries 135 units, positive free cash flow $4.6M
Revenue $18.4M (+19% YoY), deliveries 135 units (90 in Q2 2024); both records.
On June 26, 2025, Xos entered employment agreements with CEO Dakota Semler and COO Giordano Sordoni, replacing prior offer letters from 2016.
Xos Q1 revenue down 55% to $5.9M; positive GAAP gross margin of 20%
Delivered 29 units ($5.9M) vs 62 units ($13.2M) in Q1 2024; shipped 60 units including 31 for UPS order.
FY 2024 revenue $56.0M, up 26% from $44.5M; GAAP gross margin improved to +7.1% from -2.9%.
Xos Q3 revenue $15.8M, delivers 94 units; gross margin expands to 18.1%
Revenue of $15.8M down 5% YoY from $16.7M but up 2% QoQ from $15.5M.
Xos Q2 revenue $15.5M, up 227% YoY; 90 units delivered; gross margin 13.1%
Revenue $15.5M (+227% YoY); 90 units delivered (+137% YoY).
Xos completes acquisition of ElectraMeccanica; issues 1.77M shares for all outstanding shares
Acquisition closed March 26, 2024; each ElectraMeccanica share exchanged for 0.0143739 Xos common shares.
Xos Q1 revenue $13.2M (+180% YoY), gross margin 21.2%, net loss $11.0M
Cash balance surged to $47.3M from $11.6M after ElectraMeccanica acquisition added ~$50.2M.
Xos closes all-stock acquisition of ElectraMeccanica; adds ~$48M cash, 21% dilution
Transaction closed March 26, 2024; ElectraMeccanica shareholders received 0.0143739 Xos shares per SOLO share.
Full year 2023 revenue $44.5M, up 22% YoY; GAAP gross loss $(1.3)M vs $(30.0)M in 2022.
Xos stockholders approve share issuance for ElectraMeccanica acquisition at special meeting
99.2% of votes cast (3,189,275 for) approved issuance of Xos shares to ElectraMeccanica shareholders.
Xos to acquire ElectraMeccanica in stock deal; Xos stockholders to own ~79%
Xos will acquire all ElectraMeccanica shares; Xos stockholders own ~79%, ElectraMeccanica shareholders ~21% of combined company.
Xos to acquire ElectraMeccanica in all-stock deal; ElectraMeccanica shareholders to own ~21%
Expected closing in H1 2024; ElectraMeccanica cash balance ~$48.5M at closing.
Xos announces 1-for-30 reverse stock split to comply with Nasdaq minimum bid price
Reverse stock split at 1:30 ratio effective 5:00 p.m. ET on Dec 6, 2023.
Xos Q3: record 105 units (+176% QoQ), revenue $16.7M, GAAP gross margin 11.9%
Delivered 105 units in Q3 2023, a 176% increase over Q2 2023 and highest quarterly volume to date.
Xos delivers 105 units in Q3, first quarter with positive GAAP gross margin (8-15%)
Q3 2023 deliveries of 105 units highest quarterly volume to date; first quarter with positive unit-level gross margins.
Xos reports Q2 2023 revenue of $4.8M, net loss of $23.6M; first positive gross margin units shipped
Revenue rose sequentially to $4.8M vs $4.7M in Q1; deliveries increased to 38 units from 31.
Received deficiency letter Dec 28, 2022 for bid price below $1.00; original compliance deadline was June 26, 2023.
Xos amends SEPA with Yorkville, extends facility to 2026, raises beneficial ownership limit to 9.99%
Amendment changes Option 1 purchase price from average VWAP to lowest VWAP during 3-day pricing period.
Xos Q1 revenue $4.7M, net loss $24.3M; CFO Kingsley Afemikhe resigns
Revenue of $4.7M in Q1 2023, down from $7.0M in Q1 2022; 31 units delivered.
Revenue $36.4M in 2022 vs $5.0M in 2021; deliveries 275 units vs 44.
Xos restates Q1-Q3 2022 financials due to inventory and derivative accounting errors
Cost of goods sold understated by $2.8M for three, six, and nine months ended March/June/Sept 2022 due to inventory count errors.
Xos receives Nasdaq deficiency notice for bid price below $1.00
Closing bid price for common stock (XOS) below $1.00 for 30 consecutive business days as of Dec 28, 2022.
Xos Q3 revenue $11.0M, net loss $23.3M; reaffirms H2 outlook
Revenue of $11.0M, up 12% QoQ from $9.8M; deliveries of 88 units, up 21% from 73.
Xos delivers 88 battery-electric units in Q3 2022, up 21% QoQ
88 units delivered to customers in Q3 2022, up from 73 units in Q2 2022.
Effective January 10, 2025 , Christen T. Romero resigned as General Counsel and Secretary of Xos, Inc.
the Xos board increased the number of directors on the Xos board from seven (7) to nine (9) and appointed three (3) of the ElectraMeccanica board members to the Xos board including each of (i) Luisa Ingargiola, (ii) Dietmar Ostermann and (iii) Michael Richardson.
the Xos board increased the number of directors on the Xos board from seven (7) to nine (9) and appointed three (3) of the ElectraMeccanica board members to the Xos board including each of (i) Luisa Ingargiola, (ii) Dietmar Ostermann and (iii) Michael Richardson.
As of the Effective Time, Burt Jordan ceased serving as a member of the board of the directors of the Company and each committee thereof.
the Xos board increased the number of directors on the Xos board from seven (7) to nine (9) and appointed three (3) of the ElectraMeccanica board members to the Xos board including each of (i) Luisa Ingargiola, (ii) Dietmar Ostermann and (iii) Michael Richardson.
On November 16, 2023, Anousheh Ansari informed Xos, Inc. (the "Company") of her resignation as a member of the board of directors of the Company (the "Board"), effective immediately.
On May 26, 2023, the board of directors (the “Board”) of Xos, Inc., (“Xos” or the “Company”) appointed Liana Pogosyan, the Company's Vice President of Finance, as Acting Chief Financial Officer of the Company.
On May 6, 2023, Kingsley Afemikhe notified the Company of his intention to resign from his position as Chief Financial Officer of the Company, effective on or about May 26, 2023.
On October 20, 2022, the Board, upon recommendation of the Nominating and Corporate Governance Committee of the Board (the "Nominating Committee"), voted to appoint Stuart Bernstein as a Class III Director to fill the vacancy created by Ms. Mathew's resignation, effective immediately.
On October 20, 2022, Sara Mathew informed Xos, Inc. (the "Company") of her resignation as a member of the board of directors of the Company (the "Board"), effective immediately.
The Board appointed Ms. Alice K. Jackson to fill a newly created vacancy on the Board and to serve on the Board as a Class II director until she is up for re-election at the Company’s 2023 annual meeting of stockholders, and until her successors have been duly elected and qualified, or until her earlier death, resignation or removal.
The Board appointed Ms. Anousheh Ansari to fill a newly created vacancy on the Board and to serve on the Board as a Class III director until she is up for re-election at the Company’s 2024 annual meeting of stockholders, and until her successors have been duly elected and qualified, or until her earlier death, resignation or removal.
Max materiality 0.85 · Median 0.65 · Most common event other_material