XOS (NASDAQ:XOS) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

XOS (NASDAQ:XOS) posted its earnings results on Thursday. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.07), FiscalAI reports. The firm had revenue of $5.55 million for the quarter, compared to the consensus estimate of $14.65 million. XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%.

Here are the key takeaways from XOS’s conference call:

• Xos says the Power Hub is gaining traction beyond EV charging, with interest from utilities, construction, schools, defense, and data-center projects. Management expects the power business to grow faster in 2027 than any product launch in the company’s history and become its largest business line.
• Third-quarter revenue was $5.5 million on 33 deliveries, down from $16.5 million and 130 units a year earlier, but up sequentially from $4.7 million. The non-GAAP gross margin improved to 34.4% from 7.2% in Q2, marking the 13th consecutive quarter of positive non-GAAP gross margin.
• Xos lowered its 2026 outlook to revenue of $25 million–$35 million, 185–250 unit deliveries, and a non-GAAP operating loss of $17.2 million–$20.5 million. Management attributed the revision to customer delivery-readiness and timing delays and said the affected orders were deferred, not canceled.
• Liquidity remains a concern: quarter-end cash was $12.1 million, nine-month free cash flow was negative $7 million, and convertible debt stood at $14 million. Xos raised $2.8 million net through its ATM program during the quarter while paying down $1.5 million of note principal.

XOS Trading Down 4.6%

XOS stock traded down $0.11 during midday trading on Thursday, reaching $2.29. The company’s stock had a trading volume of 97,007 shares, compared to its average volume of 1,666,215. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00. The stock has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $2.52. XOS has a 1 year low of $1.60 and a 1 year high of $8.27. The firm has a market capitalization of $32.56 million, a price-to-earnings ratio of -1.41 and a beta of 1.74.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOS. Weiss Ratings lowered shares of XOS from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Insider Transactions at XOS

In other news, Director Dietmar Ostermann sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $3.02, for a total transaction of $30,200.00. Following the completion of the sale, the director directly owned 95,226 shares of the company’s stock, valued at approximately $287,582.52. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stuart Bernstein sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.19, for a total transaction of $125,700.00. Following the sale, the director directly owned 112,642 shares of the company’s stock, valued at $471,969.98. This represents a 21.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 109,370 shares of company stock worth $416,027. 20.70% of the stock is currently owned by insiders.

About XOS

Xos, Inc. is a commercial electric vehicle company that designs and manufactures battery-electric vehicles for commercial and fleet applications. Its product portfolio has focused on medium- and heavy-duty vehicles, including step vans and other purpose-built platforms used for last-mile delivery, logistics, service, and other urban transportation needs. The company also provides related fleet solutions, including vehicle software and charging or energy-management tools intended to help commercial operators monitor vehicle performance, manage fleets, and support the transition from internal-combustion vehicles to electric transportation.