XOS (NASDAQ:XOS) Releases Earnings Results

XOS (NASDAQ:XOS) posted its quarterly earnings results on Friday. The company reported ($2.36) earnings per share 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 return on equity of 80.70% and a negative net margin of 71.59%.

XOS Stock Performance

Shares of XOS stock traded down $0.12 during trading on Friday, hitting $3.44. 1,475,434 shares of the stock traded hands, compared to its average volume of 435,845. The company has a fifty day moving average price of $3.67 and a two-hundred day moving average price of $3.99. XOS has a twelve month low of $2.92 and a twelve month high of $10.84. The stock has a market cap of $27.62 million, a P/E ratio of -0.51 and a beta of 1.67.

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.