NASDAQ$XOS

XOS Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results with revenue of $7.0 million and deliveries of 56 units.

Xos, Inc. reported first quarter 2022 financial results with a revenue of $7.0 million. The company delivered 56 units and experienced a net loss of $21.2 million. Xos is focused on expanding deliveries and advancing relationships with existing clients.

  • Revenue for the three months ended March 31, 2022 was $7.0 million.
  • Net loss was $21.2 million for the three months ended March 31, 2022.
  • Delivered 56 units to customers in the quarter.
  • Cash, cash equivalents and available-for-sale debt securities of $129.7 million as of March 31, 2022.

Headline financials

Total Revenue

$7.03M

Previous: $793K+786.6%
EPS (adj)

-$3.30

Previous: -$5.71+42.2%
Capital Expenditures

-$3M

Previous: $202K-1584.2%
Free Cash Flow

-$24.2M

Previous: -$8.98M-169.2%
Net Income

-$21.2M

Previous: -$13.8M-53.8%
Operating Income

-$23.5M

Previous: -$5.54M-323.1%
Gross Profit

-$3.16M

Previous: $121K-2707.4%
Cash & Equivalents

$11.8M

Previous: $35.5M-66.8%
Total Assets

$216M

Previous: $376M-42.5%
Stock-Based Comp

$1.39M

Previous: $2K+69450.0%

Revenue & EPS history

XOS Inc · Revenue · Quarterly

$7.03M

Q1 2022+786.6%vs Q1 2021
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

Revenue by segment

XOS Inc · $11.2M total across 4 segments · Q1 2026

  • Powertrains & Hubs
    $9.12M
  • Stepvans & Vehicle Incentives
    $1.62M
  • Other Product Revenue
    $292K
  • Ancillary Revenue
    $197K

Forward guidance

The Company is providing the following outlook for the second quarter of 2022: Revenues to be in the range of $8 to $11 million, Deliveries to be in the range of 70 to 90 units, and Non-GAAP operating loss in the range of $23 to $28 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.0%

Avg return

Earnings day

-2.8%

Avg return

5 days after

-14.6%

Avg return

30 days after

32%

7 / 22 earnings

Positive

+35.1%

Q3 2023

Best reaction

-13.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+0.5%
Q4 2025-4.2%-14.1%-16.1%
Q3 2025-4.0%-13.5%-7.9%
Q2 2025+10.4%-11.5%-31.2%
Q1 2025-7.9%-7.4%-18.3%
Q4 2024-12.5%-10.2%+11.6%
Q3 2024-13.4%-20.2%-30.0%
Q2 2024-0.8%+3.9%-8.7%
Q1 2024+11.9%+3.4%-7.3%
Q4 2023-2.3%-1.7%-36.1%
Q3 2023+35.1%+73.0%-16.9%
Q2 2023-9.8%-19.5%-26.3%
Q1 2023+5.8%-5.0%-19.4%
Q4 2022-0.5%+12.0%-0.4%
Q3 2022+1.0%-11.3%-37.9%
Q2 2022-7.2%-5.8%-23.6%
Q1 2022-9.9%-22.6%+5.8%
Q2 2021-5.7%-3.2%-5.0%
Q4 2021-0.9%+0.9%-9.1%
Q3 2021-6.0%-8.5%-31.2%
Q1 2021+0.2%+0.2%+1.2%
Q4 2020+0.6%-0.3%-0.3%
Q3 2020

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