Xos, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Mar 31, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $55,961 | $44,523 |
| Cost of goods sold | 51,996 | 45,813 |
| Gross profit (loss) | 3,965 | (1,290) |
| Operating expenses | ||
| General and administrative | 35,083 | 37,698 |
| Research and development | 10,627 | 19,589 |
| Sales and marketing | 4,129 | 6,388 |
| Total operating expenses | 49,839 | 63,675 |
| Loss from operations | (45,874) | (64,965) |
| Other expense, net | (4,561) | (12,047) |
| Change in fair value of derivative instruments | 274 | 671 |
| Change in fair value of earn-out shares liability | 39 | 519 |
| Loss before provision for income taxes | (50,122) | (75,822) |
| Provision for income taxes | 37 | 21 |
| Net loss | $(50,159) | $(75,843) |
| 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, 2024 and 2023 | — | 739 |
| Total comprehensive loss | $(50,159) | $(75,104) |
| Net loss per share(1) | ||
| Basic | $(6.69) | $(13.11) |
| Diluted | $(6.69) | $(13.11) |
| Weighted average shares outstanding(1) | ||
| Basic | 7,500 | 5,787 |
| Diluted | 7,500 | 5,787 |
(1) Shares have been retrospectively adjusted for the 1-for-30 reverse stock split that occurred on December 6, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.