XOS (NASDAQ:XOS) Posts Quarterly Earnings Results, Misses Expectations By $1.23 EPS

XOS (NASDAQ:XOS) released its quarterly earnings data on Friday. The company reported ($2.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($1.23), Zacks reports. The company had revenue of $11.47 million for the quarter, compared to analyst estimates of $20.89 million. XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%.

XOS Stock Performance

XOS stock opened at $3.44 on Friday. XOS has a 1 year low of $2.92 and a 1 year high of $10.84. The stock has a market capitalization of $27.62 million, a price-to-earnings ratio of -0.51 and a beta of 1.67. The stock’s fifty day moving average is $3.67 and its two-hundred day moving average is $3.98.

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.