XOS Earnings Prediction
The chart below shows how XOS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, XOS sees a -1.46% change in stock price 10 days leading up to the earnings, and a -8.07% change 10 days following the report. On the earnings day itself, the stock moves by +0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
XOS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
15.79M
-5.43%
1.64%
Gross Margin
18.14%
52.57%
38.79%
Operating Margin
-61.37%
-18.84%
-16.14%
Net Margin
-66.57%
-21.21%
7.03%
EPS
-1.32
-45.00%
7.32%
No Data Available
XOS Earnings Analysis
Xos, Inc. Common Stock Corporation (XOS.O) Earnings Conference Call
Positive
Revenue Increase Q3 2024: Xos generated $15.8 million in revenue for Q3 2024, up from $15.5 million in Q2 2024, indicating a positive growth trajectory.
Gross Margin Improvement: The company achieved a gross margin of 18.1% in Q3 2024, compared to 13.1% in Q2 2024, marking the fifth consecutive quarter of positive gross margins.
Unit Deliveries Growth: Unit deliveries increased by 4.4% compared to Q2 2024, demonstrating growing momentum in customer demand.
Increased Product Demand: Xos began shipping hubs in significant volumes, with nearly 12 units shipped by the end of the quarter, underscoring rising demand for their products.
Operating Expense Reduction: The company reduced its operating expenses to $12.6 million in Q3 2024, down from $13.4 million in the previous quarter, reflecting effective cost management strategies.
Negative
Cash Flow Challenges: Operating cash flow was negative $11.7 million for the quarter compared to a negative free cash flow of $26.1 million last quarter, indicating ongoing cash management challenges.
Operating Loss Improvement: Non-GAAP operating loss for the third quarter was $6.6 million compared to a non-GAAP operating loss of $9.7 million last quarter, reflecting persistent operational inefficiencies.
Inventory Increase Analysis: Inventory increased to $42.4 million in the current quarter from $41.4 million last quarter, suggesting potential overstocking issues.
Revenue Increase Challenges: Despite a revenue increase to $15.8 million, the company still faces significant challenges in achieving profitability, with gross margins remaining under pressure.
Operating Losses Outlook: The company anticipates a narrowing of non-GAAP operating losses, but still expects to face challenges in cash flow management and operational efficiency moving forward.
XOS FAQs
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XOS Earning Call Sentiment
Xos, Inc. (XOS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
XOS.O
-5.22%Positive
The earnings call summary presents mixed signals. Basic financial performance shows slight improvement, with increased revenue and better cost management, but there's still significant operating loss and negative free cash flow. Product development and market strategy are promising, especially with the new powertrain partnership. However, infrastructure delays and competitive pressures are concerning. The Q&A section reveals optimism about powertrain opportunities but highlights uncertainties in inventory and tariffs. Overall, the sentiment remains neutral due to balanced positives and negatives, with no strong catalysts for a significant stock price movement.
