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Xos, Inc. (XOS)
:XOS
Holding XOS?
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-1.32Last 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, 2022
|% Change Since: -36.35%
|Next Earnings Date:Nov 11, 2021
Earnings Call Sentiment|Neutral
The earnings call reflects a positive outlook on financial performance with consistent gross margin improvements and successful product launches. However, the company faces ongoing challenges in incentive collections and has adjusted its revenue and unit delivery outlook downward. Workforce reductions were also noted as part of expense management.Company Guidance
During the Xos Q3 2024 earnings call, the company provided detailed guidance, highlighting several key financial metrics and operational achievements. Xos reported a revenue of $15.8 million, marking a 1.6% increase from the previous quarter, with 94 units delivered and a gross margin of 18.1%. The company emphasized its fifth consecutive quarter of positive gross margins, driven by cost reductions and efficient production processes. Operating expenses were reduced to $12.6 million, down from $13.4 million in Q2, contributing to a narrower non-GAAP operating loss of $6.6 million. Xos also discussed its efforts to streamline the incentive collection process, with a backlog of over $25 million in delivered incentives, and plans to improve liquidity and working capital. Looking ahead, Xos updated its guidance, projecting annual revenue between $54.1 million and $67.6 million and unit deliveries ranging from 320 to 400 units, while anticipating a decreased non-GAAP operating loss between $42.2 million and $33.7 million.Positive Revenue and Gross Margin
Xos reported $15.8 million in revenue for Q3 2024, with a gross margin of 18.1%. This marks the fifth consecutive quarter of positive gross margins.
Increase in Unit Deliveries
The company delivered 94 units in the quarter, marking a 4.4% increase in unit deliveries compared to the previous quarter.
Successful Hub Product Launch
Xos began low-volume series production of its hub product, delivering to top-tier companies such as Waymo and Xcel Energy.
Cost Reduction Achievements
Implemented over $10,000 in cost reductions in the last 12 months with plans for further reductions.
Inventory and Cash Management Improvements
Xos improved free cash flow to negative $11.7 million, a significant improvement from the previous quarter's negative $26.1 million.
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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 |
|---|---|---|---|
| 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% |
| Mar 21, 2024 | $11.42 | $11.72 | +2.63% |
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, Inc. (XOS) report earnings?
Xos, Inc. (XOS) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Xos, Inc. (XOS) earnings time?
Xos, Inc. (XOS) earnings time is at Apr 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 2024 (Q4) is -1.32.
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