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.
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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues | $44,523 | $36,376 |
| Cost of goods sold | 45,813 | 66,405 |
| Gross loss | (1,290) | (30,029) |
| Operating expenses | ||
| General and administrative | 37,698 | 41,093 |
| Research and development | 19,589 | 30,679 |
| Sales and marketing | 6,388 | 9,547 |
| Total operating expenses | 63,675 | 81,319 |
| Loss from operations | (64,965) | (111,348) |
| Other expense, net | (12,047) | (4,835) |
| Change in fair value of derivative instruments | 671 | 14,184 |
| Change in fair value of earn-out shares liability | 519 | 28,682 |
| Loss before provision for income taxes | (75,822) | (73,317) |
| Provision for income taxes | 21 | 8 |
| Net loss | $(75,843) | $(73,325) |
| Other comprehensive income (loss) | ||
| Marketable debt securities, available-for-sale | ||
| Change in net unrealized gain (loss), net of tax of $0, for the years ended December 31, 2023 and 2022 | 739 | (358) |
| Total comprehensive loss | $(75,104) | $(73,683) |
| Net loss per share(1) | ||
| Basic | $(13.11) | $(13.31) |
| Diluted | $(13.11) | $(13.32) |
| Weighted average shares outstanding(1) | ||
| Basic | 5,787 | 5,508 |
| Diluted | 5,787 | 5,812 |
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