09:08 AM EST - Xos, Inc. : Reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights: Quarterly deliveries of 105 units, marking a 176% quarter-over-quarter increase and the highest quarterly delivery volume to date. GAAP gross margins of 11.9% and up to 20% gross margins on a per unit basis. Revenues of $16.7 million, compared to $4.8 million in the second quarter of 2023. Net loss was $14.1 million, loss from operations was $12.6 million, and non-GAAP operating loss for the quarter was $11.2 million. Xos, Inc.
shares N.XOS are trading up 1 cent at $0.26.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=XOS&qmodStoryID=8581764578719416
