Market Leader Xos Positioned for Strong 2024 by Gross Margin Improvement and Pending Acquisition [Yahoo! Finance]
Xos, Inc. (XOS)
Company Research
Source: Yahoo! Finance
Entered into a definitive agreement to acquire ElectraMeccanica and significantly strengthen Xos' balance sheet LOS ANGELES, CA / ACCESSWIRE / March 21, 2024 / Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Highlights: 2023 revenue improved significantly to $44.5 million from $36.4 million in 2022 Achieved positive gross margins in the third and fourth quarters of 2023, supported by the release of an updated stepvan platform Bolstered position as the EV stepvan market leader with deliveries of 283 units to the largest fleets in North America, including FedEx Ground, UPS, Loomis, Canada Post, UniFirst, and Penske Reduced quarterly operating expenses by 43% in two years Subsequent to year end, entered into a definitive arrangement agreement to acquire ElectraMeccanica in an all-stock transaction that
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XOS
News
- Xos, Inc. Announces First Quarter 2024 Earnings Release Date and Conference CallGlobeNewswire
- Xos, Inc. Unveils Upgraded 2024 Xos SV Stepvan with Enhanced Features for Fleet Operators [Yahoo! Finance]Yahoo! Finance
- Xos, Inc. Unveils Upgraded 2024 Xos SV Stepvan with Enhanced Features for Fleet OperatorsGlobeNewswire
- Xos, Inc. (NASDAQ: XOS) was upgraded by analysts at DA Davidson from a "neutral" rating to a "buy" rating. They now have a $17.00 price target on the stock.MarketBeat
- Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanicaGlobeNewswire
XOS
Earnings
- 3/21/24 - Beat
XOS
Sec Filings
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- XOS's page on the SEC website