24/7 Market News Snapshot 28 March, 2025 – Xos, Inc. Common Stock (NASDAQ:XOS)

March 28, 2025

DENVER, Colo., 28 March, 2025 (247marketnews.com) – (NASDAQ:XOS) are discussed in this article.
Xos, Inc. (NASDAQ:XOS), known for its advancements in electric vehicle manufacturing and fleet management solutions, is experiencing a noteworthy surge in market activity, with its stock rising significantly to $4.57 after opening at $3.56, a gain exceeding 28.29%. This upward trend is fueled by investor enthusiasm and recent developments surrounding the company’s operational strategies and financial performance.

In its financial disclosure for the full year 2024, Xos announced a remarkable revenue increase to $56.0 million, representing a 25% growth year-over-year. The company reported positive gross margins of approximately 7% and achieved its first-ever quarter of positive Free Cash Flow, totaling $3.3 million. These milestones highlight the effectiveness of Xos’s initiatives aimed at improving operational efficiency and profitability.

The fourth quarter of the fiscal year saw Xos deliver 297 units, a modest rise from 283 units in the same period last year, indicating a robust demand for its electric vehicle offerings. Additionally, Xos successfully reduced its operating expenses by $13.8 million, or 21.7%, signaling a strong commitment to operational streamlining.

CEO Dakota Semler emphasized that 2024 marked a transformative year for the company, noting the expansion of its customer base and strategic partnerships, including the development of a groundbreaking all-electric powertrain for Blue Bird. Xos also announced its entry into specialized vehicle markets, such as mobile medical fleet units for Winnebago.

Looking ahead, Xos projects revenues between $50.2 million and $65.8 million for 2025, with expected unit deliveries ranging from 320 to 420. With these growth initiatives, Xos is well-positioned to further drive innovation in the electric vehicle sector, establishing itself as a leader in sustainable transportation solutions.

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