Xos Inc (XOS) Q3 2024 Earnings Call Highlights: Strong Margin Growth Amid Operational Challenges [Yahoo! Finance]
Xos, Inc. (XOS)
Company Research
Source: Yahoo! Finance
Units Delivered: 94 units in Q3 2024. Operating Expenses: $12.6 million in Q3 2024, down from $13.4 million in Q2 2024. Non-GAAP Operating Loss: $6.6 million in Q3 2024, compared to $9.7 million in Q2 2024. Cash and Cash Equivalents: $9.2 million at the end of Q3 2024. Free Cash Flow: Negative $11.7 million in Q3 2024, improved from negative $26.1 million in Q2 2024. Inventory: Increased to $42.4 million in Q3 2024 from $41.4 million in Q2 2024. Accounts Receivable from Incentives: Exceeds $25 million. Guidance for 2024: Revenue expected to be $54.1 million to $67.6 million; unit deliveries expected to be 320 to 400 units; non-GAAP operating loss expected to be $42.2 million to $33.7 million. Warning! GuruFocus has detected 2 Warning Signs with XOS. Release Date: November 13, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Xos Inc ( NASDAQ:XOS ) achieved a gross margin of 18.1% in Q3 2024, marking the fift
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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) Reports Q3 Loss, Misses Revenue Estimates [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