LOS ANGELES, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leader in the electrification of fleets, is excited to announce a purchase order from Crown Linen Service, Inc., a leading provider of linen and uniform rental services. Crown Linen has ordered two fully electric 22' stepvans, reflecting its commitment to sustainability and reducing its environmental impact. "We are thrilled to partner with XOS, Inc. in our journey towards a greener future," said Plato Spilios, Co-President of Crown Linen Service, Inc. "Integrating electric vehicles into our fleet is a crucial part of our strategy to provide environmentally responsible services to our customers while maintaining th

LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Generated revenues of $15.8 million, up from $15.5 million last quarter and down from $16.7 million in the third quarter of 2023Delivered 94 units, up from 90 units last quarter and down from 105 units in the third quarter of 2023Achieved gross margins of 18.1%, up from 13.1% last quarter, and up from 11.9% in the third quarter of 2023Began serial production in Tennessee of Xos Hub, the company's multi-EV mobi

LOS ANGELES, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it is scheduling the release of its third quarter 2024 operating results for Wednesday, November 13, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Wednesday, November 13, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDTWebcast: https://viavid.webcasts.com/starthere.jsp?ei=1696121&tp_key=408c3c7d8a U.S. Toll-Free Dial In: 1-833-81

LOS ANGELES, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading manufacturer of fully electric commercial vehicles, today announced the launch of the 2025 Xos SV Stepvan, featuring two new wheelbase options: 158" and 208". These additions complement the existing 178" wheelbase, offering fleet operators enhanced flexibility to meet their specific operational needs. The introduction of the 158" and 208" wheelbases reflects Xos' commitment to delivering solutions that meet the evolving needs of modern fleets. Whether optimizing routes for urban deliveries or maximizing cargo capacity for larger shipments, the expanded wheelbase options ensure that the Xos S

Achieved 45% quarter-over-quarter and 137% year-over-year growth in unit deliveries  Achieved 18% quarter-over-quarter and 227% year-over-year revenue growth  Delivered fourth consecutive quarter of positive gross margins  Reaffirming annual guidance of the remainder of the year LOS ANGELES, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: Generated revenues of $15.5 million, up from $13.2 million last quarter and $4.8 million in the second quarter of 20

LOS ANGELES, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it is rescheduling the release of its second quarter 2024 operating results to Tuesday, August 13, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Tuesday, August 13, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDTWebcast:https://viavid.webcasts.com/starthere.jsp?ei=1680171&tp_key=e31c8254cdU.S. Toll-Free Dial In:1-833-816-1411International Dial

LOS ANGELES, July 11, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it will release its second quarter 2024 operating results on Monday, August 12, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Monday, August 12, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDT  Webcast:https://viavid.webcasts.com/starthere.jsp?ei=1680171&tp_key=e31c8254cd  U.S. Toll-Free Dial In:1-866-250-8117  International Dial In:1-412-317-

LOS ANGELES, June 25, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leader in the electrification of fleets, is excited to announce the delivery of Xos SV Stepvans and comprehensive charging solutions to Morgan Services, a family-owned textile company. This delivery introduces Morgan Services to their first set of Class 6 battery-electric stepvans from Xos, with additional orders placed for their facilities in Los Angeles and San Diego. Dakota Semler, CEO and Co-Founder of Xos, Inc., expressed enthusiasm about the partnership, stating, "It's an honor to welcome Morgan Services as one of our valued customers. Adding Morgan Services to our growing list of Linen & Uniform Companies is

Company Teams Up With Xos and Morgan Olson to Build Commercial Vehicle Prototype on Class 5-6 Stripped Chassis Blue Bird Corporation (NASDAQ:BLBD), the leader in electric and low-emission school buses, will debut its electric-powered step van at the upcoming 2024 Advanced Clean Transportation (ACT) Expo, North America's largest advanced transportation technology and clean fleet event. The company teamed up with Xos (NASDAQ:XOS) and Morgan Olson to manufacture the prototype. Blue Bird will showcase its groundbreaking zero-emission vehicle and underlying stripped chassis at the trade event from May 20-23, 2024, at the Las Vegas Convention Center, booth 2470, in Las Vegas, Nev. This press r

Improved cash position with $50 million from acquisition of ElectraMeccanicaDelivered 180% year-over-year revenue growthAchieved industry-leading 21% gross marginsLOS ANGELES, CA / ACCESSWIRE / May 15, 2024 / Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights:Completed acquisition of ElectraMeccanica, adding approximately $50.2 million (excluding certain costs paid at closing) to Xos' cash balanceLaunched the updated Xos Hub mobile charging solutionDelivered 62 units and generated revenues of $13.2 millionAchieved gross m

LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Generated revenues of $15.8 million, up from $15.5 million last quarter and down from $16.7 million in the third quarter of 2023Delivered 94 units, up from 90 units last quarter and down from 105 units in the third quarter of 2023Achieved gross margins of 18.1%, up from 13.1% last quarter, and up from 11.9% in the third quarter of 2023Began serial production in Tennessee of Xos Hub, the company's multi-EV mobi

LOS ANGELES, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it is scheduling the release of its third quarter 2024 operating results for Wednesday, November 13, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Wednesday, November 13, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDTWebcast: https://viavid.webcasts.com/starthere.jsp?ei=1696121&tp_key=408c3c7d8a U.S. Toll-Free Dial In: 1-833-81

Achieved 45% quarter-over-quarter and 137% year-over-year growth in unit deliveries  Achieved 18% quarter-over-quarter and 227% year-over-year revenue growth  Delivered fourth consecutive quarter of positive gross margins  Reaffirming annual guidance of the remainder of the year LOS ANGELES, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights: Generated revenues of $15.5 million, up from $13.2 million last quarter and $4.8 million in the second quarter of 20

LOS ANGELES, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it is rescheduling the release of its second quarter 2024 operating results to Tuesday, August 13, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Tuesday, August 13, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDTWebcast:https://viavid.webcasts.com/starthere.jsp?ei=1680171&tp_key=e31c8254cdU.S. Toll-Free Dial In:1-833-816-1411International Dial

LOS ANGELES, July 11, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it will release its second quarter 2024 operating results on Monday, August 12, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Monday, August 12, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDT  Webcast:https://viavid.webcasts.com/starthere.jsp?ei=1680171&tp_key=e31c8254cd  U.S. Toll-Free Dial In:1-866-250-8117  International Dial In:1-412-317-

Improved cash position with $50 million from acquisition of ElectraMeccanicaDelivered 180% year-over-year revenue growthAchieved industry-leading 21% gross marginsLOS ANGELES, CA / ACCESSWIRE / May 15, 2024 / Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights:Completed acquisition of ElectraMeccanica, adding approximately $50.2 million (excluding certain costs paid at closing) to Xos' cash balanceLaunched the updated Xos Hub mobile charging solutionDelivered 62 units and generated revenues of $13.2 millionAchieved gross m

LOS ANGELES, April 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it will release its first quarter 2024 operating results on Wednesday, May 15, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Wednesday, May 15, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDTWebcast:https://viavid.webcasts.com/starthere.jsp?ei=1667727&tp_key=3b0fe355e3U.S. Toll-Free Dial In:1-833-816-1411International Dial In:1-412-317-0507Co

Full Year Revenue increased 22% year-over-yearStrong positive gross margins in the third and fourth quarters of 2023Entered into a definitive agreement to acquire ElectraMeccanica and significantly strengthen Xos' balance sheetLOS ANGELES, CA / ACCESSWIRE / March 21, 2024 / Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Highlights:2023 revenue improved significantly to $44.5 million from $36.4 million in 2022Achieved positive gross margins in the third and fourth quarters of 2023, supported by the release of a

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS), a leading electric truck manufacturer and fleet services provider, announced it will release its fourth quarter and full year 2023 operating results on Thursday, March 21, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time:Thursday, March 21, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDTWebcast:https://viavid.webcasts.com/starthere.jsp?ei=1655220&tp_key=d4e9555402U.S. Toll-Free Dial In:1-833-816-1411International Dial In

LOS ANGELES and MESA, Ariz., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ:XOS) ("Xos"), a leading electric truck manufacturer and fleet electrification services provider, and ElectraMeccanica (NASDAQ:SOLO) ("ElectraMeccanica"), a designer and assembler of electric vehicles, are pleased to announce a joint conference call for shareholders that will take place on Wednesday, January 24, at 9:15am ET. During the webcast, ElectraMeccanica CEO Susan E. Docherty and Xos CEO Dakota Semler will provide further information for investors about their proposed business combination that was announced on January 11th, 2024. Interested parties can register for the event up to 15 minutes before it

ROTH MKM initiated coverage of Xos with a rating of Buy and set a new price target of $15.00

DA Davidson downgraded Xos from Buy to Neutral and set a new price target of $9.00 from $17.00 previously

DA Davidson upgraded Xos from Neutral to Buy and set a new price target of $17.00

Northland Capital downgraded Xos from Outperform to Market Perform and set a new price target of $0.60

Northland Capital initiated coverage of Xos with a rating of Outperform and set a new price target of $5.00

B of A Securities reiterated coverage of Xos with a rating of Underperform and set a new price target of $2.50 from $3.00 previously

BofA Securities initiated coverage of Xos with a rating of Underperform and set a new price target of $3.00

Goldman Sachs initiated coverage of Xos with a rating of Neutral and set a new price target of $4.25

DA Davidson reiterated coverage of Xos with a rating of Buy and set a new price target of $13.00 from $15.00 previously

Wedbush initiated coverage of Xos with a rating of Outperform and set a new price target of $10.00

Xos (NASDAQ:XOS) reported quarterly losses of $(1.80) per share which beat the analyst consensus estimate of $(2.25) by 20 percent. This is a 58.33 percent increase over losses of $(4.32) per share from the same period last year. The company reported quarterly sales of $13.162 million which missed the analyst consensus estimate of $15.720 million by 16.27 percent. This is a 180.22 percent increase over sales of $4.697 million the same period last year.

The HVIP incentive, starting at a base amount of $85,000, offers Xos a significant opportunity to provide their innovative 2024 Xos SV Battery-Electric Stepvan at a reduced upfront cost to customers.  

Gainers Energy Focus (NASDAQ:EFOI) shares moved upwards by 21.9% to $1.95 during Thursday's pre-market session. The market value of their outstanding shares is at $9.2 million. Xos (NASDAQ:XOS) stock increased by 12.27% to $9.63. The company's market cap stands at $74.6 million. Babcock & Wilcox (NYSE:BW) shares moved upwards by 12.03% to $1.21. The market value of their outstanding shares is at $108.2 million. CEA Industries (NASDAQ:CEAD) stock increased by 10.89% to $0.57. The market value of their outstanding shares is at $4.6 million. VirTra (NASDAQ:VTSI) stock rose 6.62% to $14.1. The market value of their outstanding shares is at $156.6 million. ShiftPixy (NASDAQ:PIXY) stock move

DA Davidson analyst Michael Shlisky upgrades Xos (NASDAQ:XOS) from Neutral to Buy and maintains the price target from $17 to $17.

Xos (NASDAQ:XOS) reported its Q4 earnings results on Thursday, March 21, 2024 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Xos missed estimated earnings by -21.0%, reporting an EPS of $-2.33 versus an estimate of $-1.92. Revenue was up $9.80 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.6 which was followed by a 31.0% increase in the share price the next day. Here's a look at Xos's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -3 -3.3 -3.6 -4.2 EPS Actual -2.4 -4.2 -4.2 -3 Revenue Estimate 13.28M 11.35M 9.03M 12.32M Revenue Actual 16.70M 4.75M 4.70M 8.57M

Companies Reporting Before The Bell • Creative Realities (NASDAQ:CREX) is expected to report quarterly earnings at $0.02 per share on revenue of $16.47 million. • InflaRx (NASDAQ:IFRX) is projected to report quarterly loss at $0.20 per share on revenue of $1.42 million. • Fennec Pharmaceuticals (NASDAQ:FENC) is likely to report quarterly loss at $0.02 per share on revenue of $8.67 million. • Welltower (NYSE:WELL) is likely to report quarterly earnings at $0.00 per share on revenue of $218.97 million. • VerifyMe (NASDAQ:VRME) is expected to report quarterly loss at $0.03 per share on revenue of $8.95 million. • Academy Sports (NASDAQ:ASO) is expected to report quarterly earnings at $2.2

Xos (NASDAQ:XOS) is set to give its latest quarterly earnings report on Thursday, 2024-03-21. Here's what investors need to know before the announcement. Analysts estimate that Xos will report an earnings per share (EPS) of $-1.92. Xos bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.60, which was followed by a 30.9% increase in the share price the next day. Here's

ElectraMeccanica Vehicles Corp. (NASDAQ:SOLO) ("ElectraMeccanica"), a designer and assembler of electric vehicles, reminds shareholders that it will host its special meeting (the "Meeting") of the holders of common shares of ElectraMeccanica at 11:00AM (Pacific time) on March 20, 2024 via live audio webcast online at www.virtualshareholdermeeting.com/SOLO2024SM. Shareholders are reminded and encouraged to vote well in advance of the deadline for the delivery of voting instructions at 11:00AM (Pacific time) on March 18, 2024. The purpose of the meeting will be for ElectraMeccanica's shareholders to consider a special resolution (the "ElectraMeccanica Arrangement Proposal") to approve the prev

Gainers Xos (NASDAQ:XOS) shares increased by 40.2% to $14.86 during Monday's regular session. The market value of their outstanding shares is at $88.7 million. Fusion Fuel Green (NASDAQ:HTOO) shares rose 28.87% to $1.66. The market value of their outstanding shares is at $28.3 million. Satellogic (NASDAQ:SATL) stock moved upwards by 22.81% to $1.83. The company's market cap stands at $167.8 million. Vast Renewables (NASDAQ:VSTE) stock rose 17.14% to $2.87. The company's market cap stands at $84.0 million. Terran Orbital (NYSE:LLAP) shares rose 13.89% to $1.22. The company's market cap stands at $236.9 million. Roma Green Finance (NASDAQ:ROMA) shares moved upwards by 12.49% to $1.53. Th

Gainers Nxu (NASDAQ:NXU) stock increased by 36.3% to $1.09 during Friday's regular session. The market value of their outstanding shares is at $3.3 million. JanOne (NASDAQ:JAN) shares moved upwards by 29.81% to $1.42. The company's market cap stands at $7.0 million. Li-Cycle Holdings (NYSE:LICY) shares rose 18.08% to $0.43. The market value of their outstanding shares is at $75.7 million. Xos (NASDAQ:XOS) shares rose 17.51% to $10.67. The market value of their outstanding shares is at $63.7 million. TDCX (NYSE:TDCX) stock rose 15.25% to $7.1. The company's market cap stands at $1.0 billion. Caravelle Intl Gr (NASDAQ:CACO) stock rose 14.27% to $0.59. The company's market cap stands at $