Launch of MDXT Medium Duty Chassis Cab
Xos launched the MDXT, a new medium-duty chassis cab, leveraging technology from over 1,000 stepvans. The response at the ACT Expo was overwhelmingly positive. The market for medium-duty chassis cabs in the U.S. is up to 100,000 units per year, and Xos is targeting a production ramp by Q3 of 2026.
Positive Non-GAAP Gross Margin Performance
Xos recorded its seventh consecutive quarter of positive non-GAAP gross margin, with a profit of approximately $900,000 or 15%.
Commitment to Growth, Liquidity, and Margins
Xos is focused on growing sales, managing cash with discipline, and improving margins despite tariff impacts. This includes maintaining a robust sales pipeline and adapting to supply chain challenges.
Orders and Interest for Mobile Charging Solutions
The charge hub product is generating interest beyond existing truck customers, with orders from utilities, transit authorities, and autonomous car fleets.