Xos, Inc. Reports Record-Breaking 2024 with Growing Unit Deliveries and Highest-Ever Gross Profit
Xos, Inc. (XOS)
Company Research
Source: GlobeNewswire
Achieved $3.3 million of net cash provided by operating activities, and our first quarter of positive Free Cash Flow of $3.3 million Achieved positive gross margins of approximately 7% and approximately 18% non-GAAP gross margins, for the full year 2024 Exceeded 25% revenue growth year-over-year from 2023 to 2024 LOS ANGELES, March 28, 2025 (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 fourth quarter and year ended December 31, 2024. Fourth Quarter and Full Year 2024 Highlights: 2024 revenue increased to $56.0 million, up from $44.5 million in 2023Delivered 297 units, up from 283 units in 2023Improved GAAP gross margins from a negative 2.9% in 2023 to positive 7.1% in 2024 and non-GAAP gross margins (adjusted for physical inventory write-offs and reserves) from negative 5.2% in 2023 to positive 18% in 2024.Reduced operating expenses by $13.8 millio
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XOS
News
- Xos Inc (XOS) Q3 2025 Earnings Call Highlights: Record Low Operating Loss and Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
- Xos, Inc. (XOS) Q3 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Xos, Inc. Announces Third Quarter 2025 Earnings Release Date and Conference CallGlobeNewswire
- XOS (NASDAQ:XOS) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- XOS (NASDAQ:XOS) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
XOS
Earnings
- 11/13/25 - Beat
XOS
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- XOS's page on the SEC website