Xos, Inc. delivers strong unit delivery and promising gross profit performance in the third quarter of 2024
Xos, Inc. (XOS)
Company Research
Source: GlobeNewswire
LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leading electric truck manufacturer and fleet services provider, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Generated revenues of $15.8 million, up from $15.5 million last quarter and down from $16.7 million in the third quarter of 2023Delivered 94 units, up from 90 units last quarter and down from 105 units in the third quarter of 2023Achieved gross margins of 18.1%, up from 13.1% last quarter, and up from 11.9% in the third quarter of 2023Began serial production in Tennessee of Xos Hub, the company’s multi-EV mobile charger units Dakota Semler, Chief Executive Officer of Xos, commented, “Xos’ focus on building strong relationships with leading fleets, suppliers, and partners has positioned us to win. We continue to focus on liquidity through margin expansion, focused cost management and alternative so
Show less
Read more
Impact Snapshot
Event Time:
XOS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
XOS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
XOS alerts
High impacting Xos, Inc. news events
Weekly update
A roundup of the hottest topics
XOS
News
- Xos, Inc. (NASDAQ: XOS) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Xos, Inc. (NASDAQ: XOS) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $5.00 price target on the stock, down previously from $9.00.MarketBeat
- Xos, Inc. Powers Crown Linen Service, Inc.'s Energy Initiatives with Battery-Electric Stepvans [Yahoo! Finance]Yahoo! Finance
- Xos, Inc. Powers Crown Linen Service, Inc.’s Energy Initiatives with Battery-Electric StepvansGlobeNewswire
- Xos Inc (XOS) Q3 2024 Earnings Call Highlights: Strong Margin Growth Amid Operational Challenges [Yahoo! Finance]Yahoo! Finance
XOS
Earnings
- 11/13/24 - Beat
XOS
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/13/24 - Form 4
- XOS's page on the SEC website