NASDAQ$XOS
XOS Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Xos, Inc. reported strong revenue growth and gross margins, bolstered by a capital injection.
Xos, Inc. reported a 180% year-over-year revenue growth and achieved a 21% gross margin in Q1 2024. The company's cash position was improved by $50 million through the acquisition of ElectraMeccanica.
- Completed acquisition of ElectraMeccanica, adding approximately $50.2 million to Xos’ cash balance.
- Launched the updated Xos Hub mobile charging solution.
- Delivered 62 units and generated revenues of $13.2 million.
- Achieved gross margins of 21.2%.
Headline financials
Revenue & EPS history
XOS Inc · Revenue · Quarterly
$13.2M
Revenue by segment
XOS Inc · $11.2M total across 4 segments · Q1 2026
- Powertrains & Hubs$9.12M—81.2%
- Stepvans & Vehicle Incentives$1.62M—14.4%
- Other Product Revenue$292K—2.6%
- Ancillary Revenue$197K—1.8%
Forward guidance
Xos anticipates revenue between $66.7 million and $100.4 million, and non-GAAP operating loss between $48.7 million and $43.7 million for 2024. Unit deliveries are expected to be between 400 and 600 units.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2024
-1.0%
Avg return
Earnings day
+4.5%
Avg return
5 days after
-10.2%
Avg return
30 days after
32%
7 / 22 earnings
Positive
+35.1%
Q3 2023
Best reaction
-13.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -4.2% | +146.6% | — | |
| Q1 2026 | -1.0% | +0.5% | +77.3% | |
| 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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