XOS (NASDAQ:XOS) Releases Quarterly Earnings Results, Misses Expectations By $1.23 EPS

XOS (NASDAQ:XOS) issued its earnings results on Friday. The company reported ($2.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($1.23), Zacks reports. The company had revenue of $11.47 million during the quarter, compared to analyst estimates of $20.89 million. XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%.

XOS Trading Down 3.4 %

Shares of NASDAQ XOS opened at $3.44 on Friday. The company has a market capitalization of $27.62 million, a price-to-earnings ratio of -0.51 and a beta of 1.67. XOS has a twelve month low of $2.92 and a twelve month high of $10.84. The business has a 50 day simple moving average of $3.67 and a 200-day simple moving average of $3.98.

XOS Company Profile

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.