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]

Core Insights - Xos, Inc. is set to release its second quarter 2025 operating results on August 13, 2025, after U.S. market close [1] - A conference call will be held on the same day at 4:30 p.m. Eastern Time to discuss the financial results [1][2] Company Overview - Xos, Inc. is a prominent electric truck manufacturer and fleet services provider, focusing on battery-electric fleets [3] - The company specializes in medium- and heavy-duty commercial vehicles designed for last-mile and back-to-base routes [3] - Xos leverages proprietary technologies to offer battery-electric vehicles that are more cost-efficient on a total cost of ownership basis compared to internal combustion engine vehicles [3]