NASDAQ$XOS

XOS Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2021 financial results, highlighting revenue, net income, and deliveries.

Xos, Inc. reported Q4 2021 revenue of $3.3 million and a net income of $11.4 million. The company delivered 32 units to customers and expanded its distribution network through agreements with MHC and Yancey. They also strengthened their leadership team and had cash and equivalents of $168.7 million.

  • Fourth quarter revenue reached $3.3 million.
  • Net income for the fourth quarter was $11.4 million.
  • Delivered 32 units to customers including UniFirst and FedEx Ground Operators.
  • Expanded distribution network through agreements with MHC and Yancey.

Headline financials

Total Revenue

$3.3M

Previous: $2.64M+25.0%
EPS (adj)

-$2.10

Previous: -$3.00+30.1%
Capital Expenditures

$1.57M

Previous: -$20K+7960.0%
Free Cash Flow

-$37.3M

Previous: -$2.47M-1412.0%
Net Income

$11.4M

Previous: -$7.63M+250.0%
Operating Income

-$25.5M

Previous: -$5.01M-407.7%
Gross Profit

-$2.43M

Previous: $241K-1109.5%
Cash & Equivalents

$16.1M

Previous: $10.4M+55.8%
Total Assets

$229M

Previous: $13.8M+1560.4%
Stock-Based Comp

$1.65M

Previous: $5K+32960.0%

Revenue & EPS history

XOS Inc · Revenue · Quarterly

$3.3M

Q4 2021+25%vs Q4 2020
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

For the first quarter of 2022, Xos anticipates deliveries in the range of 40 to 50 units and revenues between $4.5 and $6.3 million, with a non-GAAP operating loss projected in the range of $20 to $25 million.

Tailwinds

  • Deliveries to be in the range of 40 to 50 units
  • Revenues to be in the range of $4.5 to $6.3 million

Headwinds

  • Non-GAAP operating loss in the range of $20 to $25 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 Q4 2021

Historical avgQ4 2021

-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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