NASDAQ$XOS
XOS Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results with revenue increased more than six times year-over-year and deliveries up by 525%.
Xos, Inc. reported its Q4 and full-year 2022 financial results, highlighting significant growth in revenue and deliveries compared to the previous year. The company is focused on achieving positive gross margins at a unit level by mid-2023 and expects strong revenue growth in 2023.
- 2022 revenue improved significantly to $36.4 million from $5.0 million for 2021.
- Deliveries of 275 units in 2022 compared to 44 deliveries in 2021.
- Expanded the offering of Xos Energy Solutions.
- Increased service and dealership partnerships to 39 total locations across North America.
Headline financials
Revenue & EPS history
XOS Inc · Revenue · Quarterly
$8.57M
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 provided its outlook for 2023, expecting unit deliveries between 450 and 600 units and revenue between $58.5 and $84.0 million.
Tailwinds
- Demand for EV stepvans and solutions remains robust.
- Momentum gained during 2022 has carried into 2023.
- Expects to deliver strong revenue growth of approximately 95% year-over-year at the midpoint of the range.
- In a strong position to support the growth of the business with a healthy balance sheet.
- Sufficient capital to get through 2023 and into 2024.
Headwinds
- Supply chain has continued to show signs of improvement, but focus remains on cost reduction.
- Based on management beliefs and expectations as of the date of this press release.
- Results are based on assumptions that are believed to be reasonable as of this date, but may be materially affected by many factors.
- Actual results may vary from the outlook above and the variations may be material.
- Company undertakes no intent or obligation to publicly update or revise any of these projections.
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 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
| 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 | — | — | — |
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