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Xos (XOS)
NASDAQ:XOS
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.12Last Year’s EPS
-1.8Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 28, 2025
|% Change Since: -13.08%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of achievements and challenges. While Xos reported strong revenue growth, positive non-GAAP gross margins, and expansion in the powertrain business, they also faced delivery delays, potential tariff impacts, and operational challenges. The company's strategic measures added liquidity and improved product offerings, but economic and regulatory uncertainties pose risks.Company Guidance
In the Xos Fourth Quarter 2024 Earnings Conference Call, CEO Dakota Semler outlined the company's guidance for fiscal year 2025, highlighting expectations for revenue to range between $50.2 million and $65.8 million and unit deliveries to fall within 320 to 420 units. The company anticipates a non-GAAP operating loss between $17.2 million and $14 million. Despite potential challenges such as new tariffs on imported EV components, Xos expects continued top-line growth, margin expansion, and product diversity. Semler emphasized the company's robust demand pipeline, driven by a strong value proposition, and noted that Xos achieved $11.5 million in Q4 revenue, delivered 51 units, and secured significant commercial orders, including nearly 200 strip chassis for UPS. The company also reported a positive non-GAAP gross margin of 23.2% for the quarter, reflecting higher average selling prices and improved operational efficiencies.Record Revenue Growth in 2024
Xos achieved a full-year revenue of $56 million, up from $44.5 million in 2023, reflecting significant year-over-year growth.
Positive Non-GAAP Gross Margin
For the year 2024, Xos reported a non-GAAP gross margin of $10 million or 18%, compared to a loss in 2023, marking their first full year of positive gross margins.
Expansion in Powertrain Business
Xos completed FMVSS testing and secured production orders with Blue Bird and Winnebago, positioning for growth in the Power by Xos segment.
Significant Liquidity Transaction
Xos closed a transaction that added over $40 million in liquidity, enhancing financial flexibility.
Strong Demand for Xos Hub
The company ramped into low-volume series production of the hub, with customers including Waymo, ABM, and Caltrans, indicating growing market acceptance.
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XOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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XOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 28, 2025 | $3.44 | $3.01 | -12.50% |
| Nov 13, 2024 | $5.20 | $4.45 | -14.42% |
| Aug 13, 2024 | $5.16 | $5.15 | -0.19% |
| May 15, 2024 | $7.60 | $8.68 | +14.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Xos (XOS) report earnings?
Xos (XOS) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Xos (XOS) earnings time?
Xos (XOS) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XOS EPS forecast?
XOS EPS forecast for the fiscal quarter 2025 (Q1) is -1.12.
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