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Xos Inc   (XOS)
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Xos Inc

XOS's Financial Statements and Analysis



Xos Inc narrowed first quarter of 2024 net loss per share of $-1.80 compare to net loss per share of $-4.20 recorded in the same quarter a year ago and improved compare to net loss per share of $-2.30 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ -1.8 $  13 Mill
$+2.40     $+8M     +180.22 %



Xos Inc 's Revenue rose by 180.22 % in first quarter of 2024 (Mar 31 2024) year on year, to $13 million and declined by -28.37 % sequentially.


Xos Inc is

More on XOS's Income Statement



Xos Inc in the first quarter of 2024 recorded net loss of $-11.003 million, an improvement compare to net loss of $-24.331 million in I. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-13.827 million realized in previous quarter.

More on XOS's Growth

Xos Inc Inventories
Inventories declined by -35.76 % to $36.62 million from I. Quarter a year ago, sequentially inventories fell by -3.23 %. XOS's Cash flow In the first quarter of 2024 company's net cash flow was $36 million, capital expenditures grew by -0.253-88.14%, to $0 millions compare to same quarter a year ago

More on XOS's Cash flow Statement


Xos Inc does not pay out common stock dividend.

In trailing twelve-month period Xos Inc payed $ -6.31 cash per share, on a free-cash flow basis .

Book value grew by 42.10 % sequentially to $11.10 per share.
Tangible Book value grew to $ 11.10 per share from $ 7.81.

Company issued 0.32 million shares or 5.58 % in Mar 31 2024.


More on XOS's Dividends

 Market Capitalization (Millions) 50
 Shares Outstanding (Millions) 6
 Total Debt (Millions $) 20
 Revenue (TTM) (Millions $) 53
 Net Income (TTM) (Millions $) -63
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Xos Inc does not pay out common stock dividend.

In trailing twelve-month period Xos Inc had negative $ -6.31 cash flow per share, on a free-cash flow basis .

Book value grew by 42.10 % sequentially to $11.10 per share.
Tangible Book value grew to $ 11.10 per share from $ 7.81.

Company issued 0.32 million shares or 5.58 % in Mar 31 2024.


More on XOS's Balance Sheets

 Market Capitalization (Millions) 50
 Shares Outstanding (Millions) 6
 Total Debt (Millions $) 20
 Revenue (TTM) (Millions $) 53
 Net Income (TTM) (Millions $) -63
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Xos Inc Earnings

Xos Inc. Experiencing Declining Margins Despite Market Challenges in Q1 of 2024

Xos Inc, a prominent player in the electric vehicle (EV) market, has recently announced a significant milestone for the company. Their 2024 Xos SV Battery Electric Stepvan has received official approval from the California Air Resources Board (CARB) for inclusion on the HVIP Vehicle Catalog. This is great news for the company as it allows customers to access incentives for purchasing this environmentally-friendly commercial vehicle.
The Xos SV Stepvan is specifically designed to meet the evolving demands of last-mile delivery services. It operates solely on electricity, offering zero-emission transportation that aligns with California's ambitious sustainability goals. With its inclusion in the HVIP catal...

Xos Inc. Achieves Impressive Results in Fourth Quarter of 20232.

Xos, Inc. (NASDAQ: XOS), a prominent electric truck manufacturer and fleet services provider, recently announced its fourth quarter and full year 2023 operating results, showing significant improvements in key financial metrics. The company reported a decrease in loss per share and an increase in revenue, reflecting its growth trajectory and potential future prospects.
For the October to December 31, 2023 interval, Xos decreased the loss per share to $-2.30, compared to $-2.67 in the previous year. Furthermore, the earnings per share (EPS) improved from $-2.40 per share in the previous reporting season. These positive developments indicate the company's ability to manage costs and enhance profitability.<...

Restructuring Success: Xos Inc Sees Deficit Vanish in Recent Fiscal Period

The stock market has been buzzing with excitement over Xos, Inc.'s stellar performance in its fiscal period ending September 30, 2023. The company achieved a remarkable revenue advance of 51.672%, reaching an impressive $16.70 million. This exceptional growth has also helped Xos slash its losses per share from $-0.13 in the same period last year to $-0.08.
Xos, Inc.'s revenue advancement in the third quarter of 2023 has outshone its peers in the Auto and Truck Parts sector, which only experienced a modest average top-line advance of 4.40% during the same period. This outstanding accomplishment demonstrates Xos' ability to surpass industry expectations and gain a competitive edge.
Even more astonishi...

Xos Inc Faces Crisis as Revenue Plummets - Investors Brace for the Worst in Q2 2023

Auto and Truck Parts Company Faces Challenging Financial Quarter
The recent financial report of Auto and Truck Parts company for the period from April to June 2023 has raised concerns among investors and analysts. The company experienced a significant decline in revenue, with a staggering -51.321% decrease to $4.75 million compared to the same reporting period last year. Additionally, the net deficit per share expanded to $-0.14, further aggravating the company's financial situation.
These disappointing figures have caused apprehension among shareholders, as they reflect a downward trend in the performance of the Auto and Truck Parts sector. However, there is a glimmer of hope, as the second quarter ...

Xos Inc Suffers Challenging Quarter: Investors Concerned as Revenue Plummets and Net Losses Soar

Investors have been rocked by Xos Inc's latest earnings report, which shows a cumulative net loss of $-74 million for the 12 months ending in the first quarter of 2023. This has resulted in a negative return on equity of -61.83%, which is concerning for investors who were hoping for a positive return on their investment.
The poor financial performance of Xos Inc is highlighted by the fact that within the Auto and Truck Parts industry, 29 other companies had a higher return on equity. Additionally, the company's total ranking has deteriorated compared to the fourth quarter of 2022, dropping from 0 to 3580 in terms of return on equity.
The disappointing first quarter of 2023 earnings season for Xos In...


Date modified: 2024-05-16T11:26:02+00:00





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