Xos, Inc. ( (XOS) ) has released its Q2 earnings. Here is a breakdown of the information Xos, Inc. presented to its investors.
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Xos, Inc. is a technology company specializing in electric commercial vehicles and fleet services, focusing on battery-electric solutions for medium- and heavy-duty vehicles. In the second quarter of 2025, Xos achieved significant milestones, including record revenue and unit deliveries, alongside the lowest operating loss since becoming a public company. The company delivered 135 units, generating $18.4 million in revenue, a notable increase from the previous year. Despite a decrease in gross margins due to product mix and inventory adjustments, Xos managed to reduce operating expenses by 35% year-over-year, achieving positive net cash from operating activities. Xos’s strategic initiatives, such as leveraging a global supplier network to mitigate tariff impacts and expanding its offerings beyond vehicle sales, are positioning the company for continued growth. The management remains optimistic about maintaining its revenue and unit delivery outlook for 2025, despite revising its non-GAAP operating loss expectations due to anticipated cost increases. Xos is committed to navigating industry challenges while building a foundation for sustained growth and profitability.