Xos Inc
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 29, 2024
XOS$2.29-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except for par value)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Cash and cash equivalents | $11,640 | $35,631 |
| Restricted cash | — | 3,044 |
| Accounts receivable, net | 15,142 | 8,238 |
| Marketable debt securities, available-for-sale | — | 50,648 |
| Inventories | 37,843 | 57,540 |
| Prepaid expenses and other current assets | 7,070 | 8,100 |
| Total current assets | 71,695 | 163,201 |
| Property and equipment, net | 14,660 | 18,581 |
| Operating lease right-of-use assets, net | 4,991 | 6,555 |
| Other non-current assets | 2,338 | 1,599 |
| Total assets | $93,684 | $189,936 |
| Liabilities and Stockholders’ Equity | ||
| Accounts payable | $2,756 | $2,896 |
| Convertible debt, current | — | 26,849 |
| Derivative liabilities | — | 405 |
| Other current liabilities | 16,817 | 15,616 |
| Total current liabilities | 19,573 | 45,766 |
| Convertible debt, non-current | 19,920 | 19,870 |
| Earn-out shares liability | 39 | 564 |
| Common stock warrant liability | 395 | 661 |
| Other non-current liabilities | 8,561 | 11,000 |
| Total liabilities | 48,488 | 77,861 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ Equity | ||
| Common Stock $0.0001 par value, authorized 1,000,000 shares, 5,941(1) and 5,627(1) shares issued and outstanding at December 31, 2023 and 2022, respectively | 1 | 1 |
| Preferred Stock $0.0001 par value, authorized 10,000 shares, 0 shares issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Additional paid-in capital | 198,456 | 190,231 |
| Accumulated deficit | (153,261) | (77,418) |
| Accumulated other comprehensive loss | — | (739) |
| Total stockholders’ equity | 45,196 | 112,075 |
| Total liabilities and stockholders’equity | $93,684 | $189,936 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.