Performance proven market leader delivers electric platform with more deployed vehicles, more real-world miles, and more blue-chip fleet customers in the US than any competitor.The Xos stripped chassis now starts at the most competitive price in the industry. LOS ANGELES, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) ("Xos" or the "Company"), a leader in electric commercial vehicles and mobile charging solutions, today unveiled the 2026 model year Xos Class 6 strip chassis at a starting price o ...

Core Viewpoint - Xos, Inc. has expanded its Xos Hub™ lineup with three new capacity options (210 kWh, 420 kWh, and 630 kWh) to enhance mobile charging solutions for electric commercial vehicles, aiming to capture significant market share in the growing commercial EV charging sector [1][10]. Product Offerings - The new configurations include: - **210 kWh Hub**: Targeted at Class 1-2 delivery fleets, priced at approximately $158,000, designed to be cost-effective and accessible for a wider range of fleet operators [3][4]. - **420 kWh Hub**: Offers a 50% capacity increase over the previous model, capable of charging 15-20 vehicles per cycle while remaining portable and towable by standard trucks [4][5]. - **630 kWh Hub**: Designed for heavy-duty applications, maintaining a compact form factor while providing industry-leading power density, suitable for space-constrained environments [5][6]. Market Positioning - The expanded Hub lineup aims to remove barriers to fleet electrification by providing flexible, right-sized solutions at competitive price points, thus accelerating deployment timelines compared to traditional charging infrastructure [2][11]. - The modular design allows for daisy-chaining multiple units, enabling fleets to scale their charging capacity as needed, with a total capacity exceeding 6 MWh possible [6][13]. Certification and Deployment - All three configurations are expected to hold UL 9540 A certification in 2026, ensuring safety and enabling integration as both portable and permanent installations [7][10]. - Customer deliveries for the expanded Hub lineup are set to begin in Q1 2026, reflecting the company's commitment to disciplined production scaling and quality assurance [10][11]. Customer Insights - The development of the new configurations was informed by feedback from fleet operators, ensuring that the solutions address specific operational challenges while leveraging proven technology [11][12].

Group 1 - Westport Innovations (WPRT) has shown strong year-to-date performance, gaining approximately 38.9%, significantly outperforming the average gain of 13% in the Auto-Tires-Trucks sector [4] - The Zacks Rank for Westport Innovations is currently 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The Zacks Consensus Estimate for WPRT's full-year earnings has increased by 4.8% over the past three months, reflecting improved analyst sentiment [4] Group 2 - Westport Innovations is part of the Automotive - Original Equipment industry, which has underperformed with an average loss of 2.4% this year, highlighting WPRT's relative strength [6] - Xos, Inc. (XOS) is another stock in the Auto-Tires-Trucks sector that has outperformed, with a year-to-date increase of 23.8% and a Zacks Rank of 1 (Strong Buy) [5] - The Automotive - Domestic industry, to which Xos belongs, has performed better overall, with a gain of 15.6% this year [6]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Core Insights - Xos, Inc. reported quarterly earnings of $0.22 per share, significantly beating the Zacks Consensus Estimate of a loss of $0.73 per share, marking an earnings surprise of +130.14% [1] - The company posted revenues of $16.5 million for the quarter ended September 2025, which was 13.09% below the Zacks Consensus Estimate, but an increase from $15.79 million year-over-year [2] - Xos shares have underperformed the market, losing about 23.2% since the beginning of the year compared to the S&P 500's gain of 16.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.76 on revenues of $14.3 million, and for the current fiscal year, it is -$3.60 on revenues of $57.56 million [7] - The estimate revisions trend for Xos was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Automotive - Domestic industry, to which Xos belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]

Financial Data and Key Metrics Changes - In Q3 2025, revenue was $16.5 million from 130 units shipped, down from $18.4 million from 135 units in the previous quarter, but up from $15.8 million from 94 units a year ago [18] - GAAP gross margin was 15.3%, an increase from 8.8% in Q2 2025 but a decrease from 18.1% in Q3 2024 [19] - Operating loss for the quarter was $7 million, the lowest since going public, down from $7.1 million in Q2 2025 and $9.7 million in Q3 2024 [20] - Non-GAAP operating loss was $4.8 million, also a record low, compared to $6.9 million in Q2 2025 and $6.6 million in Q3 2024 [21] Business Line Data and Key Metrics Changes - The company shipped 130 vehicles in Q3 2025, including 10 strip chassis for a major customer program, with revenue from these expected in future quarters [5] - The company delivered 18 powertrain systems to Bluebird Corporation in Q3 2025, with nearly 80 additional powertrain orders received since the quarter-end [9][10] Market Data and Key Metrics Changes - The company noted strong demand from major customers like UPS and FedEx ISPs, indicating a growing scale and returning customer confidence [5] - The Xos Hub, a mobile energy platform, is gaining traction in various segments, including electric trucks and school buses, with deployments accelerating in Q3 2025 [11] Company Strategy and Development Direction - The company is expanding into higher-margin, lower-concentration categories, including powertrains and energy infrastructure, to diversify its product offerings [9] - The focus is on building deeper relationships with customers and larger programs to create repeatable volume, which is seen as foundational for long-term growth [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to improve margins over time as production scales and cost reduction initiatives are executed [20] - The company anticipates significant opportunities in 2026, with expectations of increased order sizes and a growing product pipeline [12] Other Important Information - The company amended its $20 million convertible note to enhance liquidity, allowing for quarterly principal payments starting in Q4 2025 [23] - Positive free cash flow of $3.1 million was generated in Q3 2025, marking the third time the company has been free cash flow positive since going public [24] Q&A Session Summary Question: What is the expanded opportunity for the hub platform? - Management expects double-digit growth in the EV charging segment, with significant opportunities in power resiliency and backup power applications [30][32] Question: Can you discuss the accelerated growth in chassis deliveries to Bluebird? - The partnership with Bluebird is strengthening, with positive customer feedback and additional orders expected as new powertrain configurations are developed [33][35] Question: What are the expectations for unit deliveries in Q4? - Seasonal delays are anticipated in Q4 due to peak delivery volumes for major customers, but the company expects to remain within its guidance range [36] Question: How is the company managing tariff impacts? - A multi-step approach is being taken to mitigate tariff volatility, including reshoring and working closely with suppliers and customers to share costs [43][45] Question: What are the expectations for margin improvement in 2026? - While specific guidance for 2026 has not been provided, management believes there will be a noticeable improvement in margins due to a favorable mix shift towards higher-margin products [59][61]

Financial Performance - Revenues for Q3 2025 were $16,500,000, a 4.5% increase from $15,790,000 in Q3 2024[23] - Gross profit for Q3 2025 was $2,531,000, down 11.6% from $2,864,000 in Q3 2024[23] - Net income for Q3 2025 was $2,123,000, compared to a net loss of $10,512,000 in Q3 2024[23] - Operating expenses for Q3 2025 were $9,525,000, a reduction of 24.2% from $12,555,000 in Q3 2024[23] - The company reported a loss from operations of $6,994,000 for Q3 2025, an improvement from a loss of $9,691,000 in Q3 2024[23] - For the nine months ended September 30, 2025, the company reported a net loss of $15.6 million, an improvement from a net loss of $31.2 million in the same period of 2024, representing a 50% reduction in losses[30] - Total revenues for the three months ended September 30, 2025, were $16,500,000, a 4.5% increase from $15,790,000 in 2024[78] - Product revenue for the three months ended September 30, 2025, was $16,435,000, up 9.3% from $15,042,000 in 2024[78] - The segment net income for the three months ended September 30, 2025, was $2.12 million, compared to a net loss of $10.51 million in the same period of 2024[159] Assets and Liabilities - Total current assets decreased to $62,526,000 as of September 30, 2025, from $82,301,000 at the end of 2024, representing a 24.1% decline[20] - Total liabilities decreased to $42,750,000 as of September 30, 2025, down 33.9% from $64,723,000 at the end of 2024[20] - The accumulated deficit increased to $218,988,000 as of September 30, 2025, from $203,420,000 at the end of 2024[20] - The company’s total stockholders' equity decreased to $31,060,000 as of September 30, 2025, down from $33,610,000 at the end of 2024[20] - Cash and cash equivalents increased to $14,066,000 as of September 30, 2025, up from $10,996,000 at the end of 2024, a 27.5% increase[20] - Accounts receivable totaled $15.4 million as of September 30, 2025, with one customer representing 64% of this amount[64] - Total inventories decreased to $25,224,000 from $36,567,000 as of December 31, 2024, representing a 30.9% decline[86] Cash Flow and Financing - The company generated net cash provided by operating activities of $3.0 million for the nine months ended September 30, 2025, compared to net cash used in operating activities of $52.1 million for the same period in 2024[30] - The company plans to raise additional capital through various strategies, including debt financing and equity financing, to support its operations and growth[44] - The company has incurred net losses and cash outflows since inception, with a total net cash used in operating activities of $48.8 million for the year ended December 31, 2024[42] - The company faces substantial doubt about its ability to continue as a going concern due to ongoing liquidity challenges and reliance on future capital raises[43] - The Company entered into a Standby Equity Purchase Agreement with Yorkville, allowing it to sell up to $125.0 million of Common Stock until February 11, 2026[115] - As of September 30, 2025, the Company had $119.4 million remaining commitment available under the SEPA, but access to capital is currently limited due to registration statement requirements[119] Operational Challenges - The company faces substantial doubt about its ability to continue as a going concern due to ongoing liquidity challenges and reliance on future capital raises[43] - The company’s operations may be adversely affected by global economic conditions, supply chain disruptions, and geopolitical events, which could impact its financial performance[37] - The Company is experiencing ongoing supply chain disruptions, particularly in power electronics and harnesses, due to global economic conditions and expects these effects to continue[49] - The company has undertaken measures to mitigate tariff impacts, including diversifying the supply base and renegotiating pricing and delivery terms[182] Customer Concentration - One customer accounted for 72% of the Company's revenues during the three months ended September 30, 2025, compared to two customers accounting for 28% and 21% in the same period of 2024[63] - As of September 30, 2025, one vendor accounted for 39% of the Company's accounts payable, indicating a concentration risk[66] Stock and Equity - The company recognized stock-based compensation expense of approximately $2.1 million and $5.2 million for the three and nine months ended September 30, 2025, respectively[140] - The total fair value of RSUs that vested was $1.1 million and $2.9 million during the three and nine months ended September 30, 2025, respectively[141] - The Company has 1,211 Options outstanding under the 2018 Stock Plan, which generally vest over four years[130] - The 2021 Equity Plan was approved to grant various forms of awards, with an increase of 3,100,000 shares reserved for issuance approved on June 24, 2025[137] Cost Management - The company plans to continue seeking opportunities to reduce costs and cash expenditures to address liquidity and working capital needs[167] - General and administrative expenses decreased by 27% from $8.897 million in Q3 2024 to $6.456 million in Q3 2025[203] - Research and development expenses decreased by 20% from $2.619 million in Q3 2024 to $2.101 million in Q3 2025[203] - Sales and marketing expenses for the nine months ended September 30, 2025, decreased by $1.0 million, or 29%, to $2.3 million, primarily due to lower personnel costs[215]

Financial Performance - Xos delivered 130 units in Q3 2025, generating $16.5 million in revenue, compared to 135 units and $18.4 million in Q2 2025[2] - Total revenues for Q3 2025 were $16,500,000, a 4.5% increase from $15,790,000 in Q3 2024[21] - Gross profit for Q3 2025 was $2,531,000, down 11.6% from $2,864,000 in Q3 2024[21] - The net income for Q3 2025 was $2,123,000, compared to a net loss of $10,512,000 in Q3 2024[21] - Free cash flow for Q3 2025 was $3,077,000, a significant improvement from a negative free cash flow of $11,665,000 in Q3 2024[22] Cost Management - Operating expenses decreased by $3.0 million, or 24% year-over-year, highlighting cost discipline[2] - Operating expenses decreased to $9,525,000 in Q3 2025 from $12,555,000 in Q3 2024, a reduction of 24.2%[21] - The strategic termination of the Mesa, Arizona manufacturing facility lease is expected to save $20.7 million through 2033[6] Liquidity and Cash Flow - Positive free cash flow of $3.1 million was achieved, marking the second consecutive quarter of positive free cash flow[2] - Cash and cash equivalents increased to $14.1 million in Q3 2025, up from $8.8 million in Q2 2025[3] - Xos amended its $20 million Convertible Note to enhance liquidity and extend financial runway[6] - The company raised $2.4 million under its at-the-market offering program, reinforcing liquidity[6] Operational Losses - Operating loss was $7.0 million in Q3 2025, slightly improved from a loss of $7.1 million in Q2 2025[2] - The company reported a loss from operations of $6,994,000 in Q3 2025, an improvement from a loss of $9,691,000 in Q3 2024[21] - Non-GAAP operating loss for Q3 2025 was $4,767,000, compared to $6,643,000 in Q3 2024, reflecting a 28.2% improvement[22] Balance Sheet - Total assets decreased to $73,810,000 as of September 30, 2025, down from $98,333,000 at December 31, 2024[20] - Total liabilities decreased to $42,750,000 as of September 30, 2025, down from $64,723,000 at December 31, 2024[20] - Stockholders' equity decreased to $31,060,000 as of September 30, 2025, compared to $33,610,000 at December 31, 2024[20] Future Outlook - Xos maintains its 2025 revenue outlook of $50.2 to $65.8 million and unit delivery forecast of 320 to 420 units[7] - Gross margin improved to 15.3% in Q3 2025, up from 8.8% in Q2 2025, despite a decrease from 18.1% in Q3 2024[2]

Core Insights - Xos, Inc. reported a profitable third quarter with $16.5 million in revenue from 130 units delivered, achieving a gross margin of 15.3% and positive free cash flow for the second consecutive quarter [1][5][9] Financial Performance - Revenue for Q3 2025 was $16.5 million, down from $18.4 million in Q2 2025 but up from $15.8 million in Q3 2024 [5][6] - Gross margin improved to 15.3%, up from 8.8% in Q2 2025, although it decreased from 18.1% in Q3 2024 due to product mix and tariff impacts [5][6] - Operating loss was $7.0 million, slightly improved from a loss of $7.1 million in Q2 2025 and a loss of $9.7 million in Q3 2024 [5][6] - Operating expenses decreased by 24% year-over-year, reflecting strong cost discipline [5][6] Cash Flow and Liquidity - Positive free cash flow of $3.1 million was achieved, marking the second consecutive quarter of positive cash flow [5][9] - Cash and cash equivalents increased to $14.1 million from $8.8 million in Q2 2025, indicating improved financial flexibility [5][6] Strategic Moves - The company amended its $20 million Convertible Note to spread principal payments over ten quarterly installments, enhancing liquidity and extending financial runway [5][6] - Xos raised $2.4 million under its at-the-market offering program, further reinforcing liquidity [5][9] - An agreement to terminate the lease of its Mesa, Arizona manufacturing facility is expected to save approximately $20.7 million through 2033 [5][6] Outlook - Xos maintains its revenue outlook for 2025, projecting revenues between $50.2 million and $65.8 million, with unit deliveries expected to range from 320 to 420 units [7][8]

Core Insights - Xos, Inc. is set to release its third quarter 2025 operating results on November 13, 2025, after U.S. market close, followed by a conference call at 4:30 p.m. ET [1] - The company specializes in electric truck manufacturing and fleet services, focusing on battery-electric vehicles for medium- and heavy-duty commercial applications [2] Financial Results Announcement - The operating results will be discussed in a conference call scheduled for November 13, 2025, at 4:30 p.m. ET [1] - An audio replay of the call will be available until midnight on the same day, with access codes provided for both U.S. and international callers [1] Company Overview - Xos, Inc. is recognized as a leading technology company in the electric truck sector, providing fleet management software and battery-electric vehicles [2] - The vehicles are designed for last-mile and back-to-base routes, emphasizing lower maintenance and total cost of ownership compared to traditional internal combustion engine vehicles [2]