Xos reports Q1 EPS ($1.26) vs. ($1.80) last year

Reports Q1 revenue $5.88M vs. $13.16M last year. Dakota Semler, Chief Executive Officer of Xos (XOS), commented, “While we saw the typical seasonal slowdown following a strong Q4, we still shipped 60 vehicles in Q1. We’re already seeing momentum pick up in Q2, with increased deliveries and improved cash flow performance expected. We’re energized by the demand we’re seeing and anticipate growth for the remainder of the year.”