Xos Inc Stock Price, News & Analysis

Xos, Inc. (NASDAQ: XOS) has announced that its Xos Hub™, a mobile energy storage system and DC fast charger, has been added to the General Services Administration (GSA) Schedule. This listing enables federal agencies and authorized customers to streamline procurement of the Xos Hub through GSA Advantage, the government's online shopping platform.

The Xos Hub offers a unique solution for fleet electrification, allowing organizations to bypass traditional charging infrastructure deployment delays. The system can be delivered and made operational in a single day, avoiding common obstacles such as local building authority approvals and utility upgrades.

Xos has received a purchase order from Crown Linen Service for two fully electric 22' stepvans, marking Crown Linen's commitment to sustainability and environmental responsibility. The Xos SV stepvans, featuring zero tailpipe emissions, are designed to deliver long-term total cost of ownership savings while supporting Crown Linen's energy efficiency initiatives. This partnership represents another step forward in the uniform and linen industry's transition to electric vehicles, combining environmental benefits with operational efficiency.

Xos Inc reported Q3 2024 financial results with revenues of $15.8 million, slightly up from $15.5 million last quarter but down from $16.7 million year-over-year. The company delivered 94 units and achieved gross margins of 18.1%, marking their fifth consecutive quarter of positive gross margins. Notable developments include the start of serial production of Xos Hub mobile charger units in Tennessee. The company maintains strategic partnerships with Blue Bird, Winnebago, UPS, and FedEx Ground. Xos revised its 2024 outlook, projecting revenue between $54.1-67.6 million and unit deliveries of 320-400 units.

Xos, a leading electric truck manufacturer and fleet services provider, has scheduled its third quarter 2024 earnings release for Wednesday, November 13, 2024, after U.S. market close. Management will host a conference call at 4:30 p.m. EDT to discuss the results. The earnings call will be accessible via webcast and telephone, with replay options available until November 27, 2024, through both audio dial-in and the company's website.

Xos, a leader in electric commercial vehicles, has launched the 2025 Xos SV Stepvan with new wheelbase options of 158" and 208", alongside the existing 178". These additions enhance flexibility for fleet operators, catering to diverse needs such as urban deliveries and larger shipments. The Xos SV Stepvan now offers five body lengths from 14 to 22 feet. CEO Dakota Semler highlights the importance of customization in supporting unique operational requirements. Key features include efficient battery performance, high cargo capacity, and minimal maintenance, making it a versatile choice across various industries. The new models are available for order now.

Xos, a leading electric truck manufacturer, reported strong Q2 2024 financial results. Highlights include:

- Revenue of $15.5 million, up 18% quarter-over-quarter and 227% year-over-year
- Unit deliveries of 90, up 45% quarter-over-quarter and 137% year-over-year
- Gross margin of 13.1%, down from 21.2% last quarter but up from -78.4% in Q2 2023
- Announced strategic powertrain partnership with Blue Bird

The company reaffirmed its 2024 outlook, projecting revenue of $66.7-$100.4 million and 400-600 unit deliveries. Xos aims to become the first self-sustaining commercial EV company in the U.S. by focusing on strong fleet relationships, maintaining margins, and leveraging partnerships.

Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, has rescheduled its second quarter 2024 earnings release to Tuesday, August 13, 2024, after the U.S. financial markets close. The company will host a conference call at 4:30 p.m. EDT / 1:30 p.m. PDT on the same day to discuss the financial results. Investors can access the call via webcast or by dialing in. An audio replay will be available until August 27, 2024. Xos specializes in battery-electric vehicles for medium- and heavy-duty commercial use, focusing on last-mile and back-to-base routes. The company aims to provide more cost-efficient and easier-to-maintain alternatives to traditional internal combustion engine vehicles.

Xos, a leader in electric truck manufacturing and fleet services, will release its second quarter 2024 financial results on August 12, 2024, after U.S. market close. A conference call to discuss these results will occur at 4:30 p.m. EDT/1:30 p.m. PDT the same day. To participate, attendees should dial in ten minutes before the call using either the U.S. toll-free number 1-866-250-8117 or the international number 1-412-317-6011 with conference ID 10190972. An audio replay of the call will be available until August 26, 2024. The results will also be accessible via a webcast and archived on the company's website. Xos specializes in battery-electric trucks for medium- and heavy-duty commercial use, providing cost-efficient, low-maintenance alternatives to traditional internal combustion engine vehicles.

Xos, Inc. (NASDAQ: XOS) has announced the delivery of their Xos SV Stepvans and comprehensive charging solutions to Morgan Services, a family-owned textile company.

The delivery includes the first set of Class 6 battery-electric stepvans, with additional orders for facilities in Los Angeles and San Diego. Xos also installed nine charging stations at Morgan Services' Los Angeles site, covering everything from design and permitting to physical installation and activation.

CEO Dakota Semler expressed enthusiasm about the partnership, emphasizing the significance of this milestone for both companies in the realm of fleet electrification. This collaboration underscores Xos' commitment to providing turnkey solutions for businesses transitioning to electric vehicles and solidifies its position as a leader in the commercial fleet electrification space.