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
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XOS
News
- Xos Inc (XOS) Q3 2024 Earnings Call Highlights: Strong Margin Growth Amid Operational Challenges [Yahoo! Finance]Yahoo! Finance
- Xos, Inc. (XOS) Reports Q3 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Xos, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call [Yahoo! Finance]Yahoo! Finance
- Xos, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference CallGlobeNewswire
- Xos, Inc. (NASDAQ: XOS) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
XOS
Earnings
- 11/13/24 - Beat
XOS
Sec Filings
- 11/14/24 - Form 10-Q
- 11/13/24 - Form 8-K
- 11/12/24 - Form 4
- XOS's page on the SEC website