Xos Inc Stock Price, News & Analysis

Xos, Inc. reported financial results for Q1 2022, showing revenue of $7.0 million but a net loss of $21.2 million. Deliveries increased, with 56 units shipped, including contracts with FedEx and UniFirst. Cash reserves stood at $129.7 million. The company anticipates Q2 revenues between $8 million and $11 million and expects delivery of 70-90 units. Despite a challenging supply chain environment, management highlights improved gross margins and a robust order pipeline, with over 350 purchase orders received this quarter.

Xos, Inc. (NASDAQ: XOS) announced a partnership with Thermo King to develop a 100% battery-electric refrigerated commercial vehicle prototype. This vehicle aims to support fresh and frozen applications and will undergo field trials with customers from both companies. The agreement also allows Xos to utilize Thermo King's refrigeration units on its mobile charging stations and permits Thermo King to use Xos' Lyra Series battery systems for electric trailer refrigeration units. This collaboration aligns with Thermo King's commitment to electrifying its product portfolio by 2025.

Xos, Inc. (NASDAQ: XOS) will release its first quarter 2022 financial results on May 5, 2022, after the market closes. A conference call is scheduled for the same day at 6:00 PM ET to discuss these results. Xos specializes in manufacturing battery-electric vehicles and providing fleet management software tailored for commercial vehicles. Their zero-emission vehicles are designed for efficiency on last-mile routes, offering lower total cost of ownership compared to traditional vehicles. More details can be found on their website.

Xos, Inc. (NASDAQ: XOS) announced the appointment of Jessica Ramirez as Vice President of Human Resources, effective April 21, 2022. With over 15 years of HR experience, she will enhance the company’s people processes as it expands its Class 5 to Class 8 battery-electric vehicle operations. CEO Dakota Semler expressed confidence in her ability to strengthen HR practices and attract top talent. Xos focuses on zero-emission commercial vehicles and aims to provide cost-effective solutions for fleet management. Ramirez's diverse experience is seen as a competitive advantage in this transformative phase.

Xos, Inc. (NASDAQ: XOS) has successfully delivered 15 battery-electric stepvans to FedEx Ground Operators in Southern California, marking an important milestone in their collaboration. These vehicles, ordered in 2021, are part of Xos' commitment to supporting sustainable transportation and reducing ownership costs. The deliveries took place in March 2022 and demonstrate Xos' ongoing efforts to provide eco-friendly fleet solutions. This announcement signals continued growth in the electric vehicle market and enhances Xos' relationship with a major customer.

Xos, Inc. (NASDAQ: XOS) reported its Q4 and full-year 2021 financial results, revealing $3.3 million in Q4 revenue and $5.0 million for the full year. The company experienced a net income of $11.4 million but faced an operating loss of $25.5 million. Xos continues to expand its customer base, notably delivering vehicles to FedEx and UniFirst, and forming partnerships with Yancey Bros. and Merchants Fleet. Cash reserves stand at $168.7 million, and the company aims for Q1 2022 revenues between $4.5 million and $6.3 million, with expected deliveries of 40 to 50 units.

Xos, Inc. (NASDAQ: XOS) is set to host Xos Fleet Week, featuring a main product reveal party on May 10th in Long Beach, California. The event will include ride-and-drives, facility tours, and executive presentations. Xos specializes in manufacturing battery-electric vehicles for medium- and heavy-duty commercial use, focusing on zero-emission solutions and fleet management software. With a commitment to lower total cost of ownership, Xos aims to revolutionize commercial transportation.

Xos, Inc. (NASDAQ: XOS) has successfully delivered three Class 5 through Class 8 battery-electric vehicles to UniFirst in Southern California. This marks the initial rollout in a series of vehicle deliveries aimed at transitioning UniFirst’s fleet to electric, assisting them in reducing emissions. The remaining vehicles are slated for delivery in Boston later in 2022. Xos emphasizes the environmental and business benefits of this partnership, underscoring its commitment to providing sustainable transportation solutions.

Xos, Inc. (NASDAQ: XOS), a premier manufacturer of battery-electric vehicles and related technologies, will announce its Q4 2021 results on March 28, 2022, after market close. This will be followed by a conference call at 5:00 p.m. ET. The presentation will be available via a live Zoom webinar, accessible through Xos’ investor relations website. Xos focuses on providing zero-emission vehicles and fleet management solutions that are cost-efficient, specifically for commercial fleets operating on short daily routes.