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Xos, Inc. (XOS)
:XOS
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Xos
(NASDAQ:XOS)
45Neutral
Xos (XOS) vs. S&P 500 (SPY)
Market Cap
$24.23M
Dividend YieldN/A
Average Volume (3M)145.32K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth25.69%
EPS Growth49.14%
CountryUS
Employees161
SectorIndustrials
Sector Strength63
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)-6.71
Shares Outstanding8,102,993
10 Day Avg. Volume227,371
30 Day Avg. Volume145,319
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.50
Price to Cash Flow (P/CF)-0.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.50Price Target Upside83.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Xos Business Overview & Revenue Model
Company DescriptionXos, Inc. (XOS) is a technology company specializing in the development and manufacturing of fully electric commercial vehicles, primarily for the medium- and heavy-duty transportation sectors. The company's core products include electric trucks, powertrains, and fleet management software designed to offer sustainable and cost-effective solutions for companies seeking to reduce their carbon footprint and operating expenses.
How the Company Makes MoneyXos makes money primarily through the sale and leasing of electric commercial vehicles, including trucks and associated components such as powertrains. The company also generates revenue from offering fleet management software solutions that help clients optimize vehicle performance and efficiency. Additionally, Xos may engage in strategic partnerships with logistics and fleet companies to expand its market reach and enhance its product offerings. Revenue is further supported by maintenance services, parts replacement, and potential government incentives for adopting green technologies.
Xos Financial Statement Overview
Summary
Xos is experiencing revenue growth and improvements in gross profitability, yet it faces significant challenges with profitability, leverage, and cash flow sustainability. High debt levels and negative cash flows are potential risks, countered by a trajectory of revenue improvement and gross margin recovery.Income Statement
Xos shows a significant improvement in revenue over recent years, particularly with a 41.22% growth from 2023 to 2024. The company has enhanced its gross profit margin, turning it positive in the TTM period. However, Xos remains unprofitable with negative net profit and EBIT margins, indicating ongoing operational challenges.55
Neutral
Balance Sheet
Xos has a high debt-to-equity ratio, suggesting significant leverage, which poses financial risk. The company's equity ratio is relatively stable but low, reflecting limited equity in proportion to its assets. Return on Equity is negative due to persistent net losses, indicating challenges in generating shareholder value.40
Negative
Cash Flow
The company's free cash flow has deteriorated, with a growth rate of -30.97% from 2023 to 2024. The operating cash flow to net income ratio indicates operational inefficiencies, while negative free cash flow to net income ratio reflects cash generation issues. Despite investing activities providing cash inflows, operational cash use remains high.48
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 62.86M | 44.52M | 36.38M | 5.05M | 2.64M | 1.15M | Gross Profit |
| 9.01M | -1.29M | -30.03M | -2.36M | 300.00K | 341.00K | EBIT |
| -43.13M | -64.97M | -111.35M | -53.16M | -11.87M | -4.37M | EBITDA |
| -40.92M | -60.09M | -107.72M | -52.42M | -11.58M | -4.13M | Net Income Common Stockholders |
| -45.01M | -75.84M | -73.33M | 23.40M | -18.18M | -4.93M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 47.28M | 11.64M | 86.28M | 110.84M | 10.36M | 19.00K | Total Assets |
| 134.98M | 93.68M | 189.94M | 228.71M | 13.77M | 2.76M | Total Debt |
| 46.45M | 30.52M | 46.72M | 2.08M | 18.70M | 7.67M | Net Debt |
| -835.00K | 18.88M | 11.09M | -14.07M | 8.34M | 7.65M | Total Liabilities |
| 67.17M | 48.49M | 77.86M | 54.31M | 40.97M | 13.29M | Stockholders Equity |
| 67.81M | 45.20M | 112.08M | 174.39M | -27.20M | -10.53M |
| Cash Flow | Free Cash Flow | ||||
| -53.25M | -40.67M | -142.07M | -93.81M | -12.74M | -2.53M | Operating Cash Flow |
| -52.72M | -39.29M | -127.96M | -88.89M | -12.34M | -2.21M | Investing Cash Flow |
| 50.95M | 50.63M | 82.71M | -155.14M | -407.00K | -314.00K | Financing Cash Flow |
| -12.41M | -38.38M | 64.75M | 252.85M | 23.09M | 1.69M |
Xos Technical Analysis
Negative
2.99
Price Trends
3.66
Negative
3.70
Negative
4.53
Negative
Market Momentum
-0.15
Positive
37.74
Neutral
7.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XOS, the sentiment is Negative. The current price of 2.99 is below the 20-day moving average (MA) of 3.52, below the 50-day MA of 3.66, and below the 200-day MA of 4.53, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 37.74 is Neutral, neither overbought nor oversold. The STOCH value of 7.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XOS.
Xos Risk Analysis
Xos disclosed 79 risk factors in its most recent earnings report. Xos reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Xos Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $7.26B | 12.38 | 3.01% | 3.40% | 3.58% | -14.13% | |
59 Neutral | $296.43M | ― | -19.07% | ― | 22.42% | 30.09% | |
54 Neutral | $13.04B | ― | -60.48% | ― | 12.09% | 17.65% | |
45 Neutral | $24.23M | ― | -127.30% | ― | 25.69% | 49.14% | |
40 Underperform | $1.95M | ― | -72.67% | ― | 258.96% | 82.54% | |
37 Underperform | $229.01M | ― | -18.90% | ― | 124.55% | 56.35% | |
32 Underperform | $6.61M | ― | -159.80% | ― | -49.47% | 54.99% |
* Industrials Sector Average
Performance Comparison
XOS
Xos
2.99
-5.77
-65.87%
WKHS
Workhorse Group
1.34
-50.26
-97.40%
NIU
Niu Technologies
3.20
1.40
77.78%
GOEVQ
Canoo
0.13
-48.07
-99.73%
HYLN
Hyliion Holdings
1.29
-0.21
-14.00%
RIVN
Rivian Automotive
11.21
0.77
7.38%
Xos Earnings Call Summary
Earnings Call Date: Mar 28, 2025 | % Change Since: -13.08% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mix of achievements and challenges. While Xos reported strong revenue growth, positive non-GAAP gross margins, and expansion in the powertrain business, they also faced delivery delays, potential tariff impacts, and operational challenges. The company's strategic measures added liquidity and improved product offerings, but economic and regulatory uncertainties pose risks.Highlights
Record Revenue Growth in 2024
Xos achieved a full-year revenue of $56 million, up from $44.5 million in 2023, reflecting significant year-over-year growth.
Positive Non-GAAP Gross Margin
For the year 2024, Xos reported a non-GAAP gross margin of $10 million or 18%, compared to a loss in 2023, marking their first full year of positive gross margins.
Expansion in Powertrain Business
Xos completed FMVSS testing and secured production orders with Blue Bird and Winnebago, positioning for growth in the Power by Xos segment.
Significant Liquidity Transaction
Xos closed a transaction that added over $40 million in liquidity, enhancing financial flexibility.
Strong Demand for Xos Hub
The company ramped into low-volume series production of the hub, with customers including Waymo, ABM, and Caltrans, indicating growing market acceptance.
Lowlights
Seasonal Challenges Affect Deliveries
Delivery delays due to seasonal challenges led to a 27.3% decline in top-line revenue compared to Q3.
Potential Tariff Impacts
Proposed tariffs on imported EV components could add $5,000 to $20,000 per vehicle, presenting a significant cost challenge.
Decline in Q4 Revenue
Q4 2024 revenue was $11.5 million, down from $15.8 million in Q3, with a GAAP gross margin loss of $3.7 million or negative 32.4%.
Operational Challenges and Cost Reductions
Xos had to reduce workforce and implement cost-cutting measures, including temporary salary reductions for senior executives.
Company Guidance
In the Xos Fourth Quarter 2024 Earnings Conference Call, CEO Dakota Semler outlined the company's guidance for fiscal year 2025, highlighting expectations for revenue to range between $50.2 million and $65.8 million and unit deliveries to fall within 320 to 420 units. The company anticipates a non-GAAP operating loss between $17.2 million and $14 million. Despite potential challenges such as new tariffs on imported EV components, Xos expects continued top-line growth, margin expansion, and product diversity. Semler emphasized the company's robust demand pipeline, driven by a strong value proposition, and noted that Xos achieved $11.5 million in Q4 revenue, delivered 51 units, and secured significant commercial orders, including nearly 200 strip chassis for UPS. The company also reported a positive non-GAAP gross margin of 23.2% for the quarter, reflecting higher average selling prices and improved operational efficiencies.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.