Xos, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:49 pm EST
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Xos, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 11.01 million compared to USD 0.357 million a year ago. Net loss was USD 23.26 million compared to net income of USD 34.9 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to diluted earnings per share from continuing operations of USD 0.3 a year ago.
For the nine months, sales was USD 27.81 million compared to USD 1.75 million a year ago. Net loss was USD 53.91 million compared to net income of USD 11.96 million a year ago. Basic loss per share from continuing operations was USD 0.33 compared to basic earnings per share from continuing operations of USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.33 compared to diluted earnings per share from continuing operations of USD 0.14 a year ago.
Xos, Inc. is a provider of fleet electrification solutions. The Company designs and manufactures Class 5-8 battery-electric commercial vehicles that travel on last-mile, back-to-base routes of up to 200 miles per day. It also offers charging infrastructure products and services to support electric vehicle fleets. Its fleet management software integrates vehicle operation and vehicle charging to provide commercial fleet operators a more seamless and vehicle ownership experience than traditional internal combustion engine counterparts. Its Powered by Xos business provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment. Its Fleet-as-a-Service offering facilitates the transition from traditional internal combustion engine vehicles to battery-electric vehicles. Its Xos Energy Solutions is its comprehensive charging infrastructure through, which it offers charging equipment, mobile energy storage, and turnkey infrastructure services.
XOS, INC. 
