Record-Breaking Revenue and Deliveries
Xos achieved its highest quarterly revenue and unit deliveries in history with $18.4 million in revenue and 135 vehicles delivered, significantly up from the previous quarters.
Large-Scale Customer Orders
Xos began fulfilling a 200-plus unit order for a single customer, the largest order in its history, reflecting increasing customer confidence.
Operational Efficiency
The company reported its lowest operating loss since going public, approximately $7.1 million, and achieved positive free cash flow of $4.6 million, the highest in company history.
Expansion of Product Offerings
Xos expanded its product strategy with additional deliveries to Blue Bird Corporation for electric school buses and nearly 20 powertrain unit orders, along with advancements in charging infrastructure products.