NASDAQ$XOS
XOS Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Xos, Inc. reported strong unit delivery, sales growth and promising operating profit performance.
Xos, Inc. reported a revenue of $15.5 million, a 227% increase year-over-year. The company delivered 90 units, up 137% year-over-year, and achieved a gross margin of 13.1%.
- Generated revenues of $15.5 million, up from $13.2 million last quarter and $4.8 million in the second quarter of 2023
- Delivered 90 units, up from 62 units last quarter and 38 units in the second quarter of 2023
- Achieved gross margins of 13.1%, down from 21.2% last quarter, due to product mix shift and inventory adjustments, and up from negative 78.4% in the second quarter of 2023
- Announced strategic powertrain partnership with Blue Bird, a prominent school bus manufacturer leading the charge in EVs
Headline financials
Revenue & EPS history
XOS Inc · Revenue · Quarterly
$15.5M
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's outlook for 2024 includes revenue between $66.7 million and $100.4 million, non-GAAP operating loss between $48.7 million and $43.7 million, and unit deliveries 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 19 quarterly earnings reports · overlaid with Q2 2024
-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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro