A Business at a Glance
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Xos, Inc., together with its wholly owned subsidiaries (collectively, the “Company” or “Xos”) is a leading fleet electrification solutions provider committed to the decarbonization of commercial transportation. Xos designs and manufactures Classes 5 through 8 battery-electric commercial vehicles that travel on last-mile, back-to-base routes of up to 200 miles per day. Xos also offers, through Xos Energy Solutions™, mobile and fixed charging infrastructure products, such as the Xos Hub, and has from time to time offered services to support electric vehicle fleets. The Company’s proprietary fleet management software, Xosphere™, integrates vehicle operation and vehicle charging to provide commercial fleet operators a more seamless and cost-efficient vehicle ownership experience than traditional internal combustion engine counterparts.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 52M | 56M | 45M | - | - | - |
| Net Income | -35M | -50M | -76M | -73M | 23M | -17M |
| EPS | $-4.22 | $-6.69 | $-13.11 | $-13.32 | $6.60 | $-6.90 |
| Free Cash Flow | 0 | -49M | -41M | -142M | -94M | -13M |
| ROIC | -176.3% | -160.3% | -96.0% | -55.6% | 13.4% | -68.1% |
| Gross Margin | 3.1% | 7.1% | -2.9% | - | - | - |
| Debt/Equity | 0.00 | 0.00 | 0.44 | 0.18 | 0.00 | -0.01 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -38M | -46M | -65M | -111M | -53M | -12M |
| Operating Margin | -72.6% | -82.0% | -145.9% | - | - | - |
| ROE | -111.2% | -127.3% | -167.8% | -65.4% | 13.4% | - |
| Shares Outstanding | 11M | 7M | 6M | 6M | 4M | 2M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | N/A | N/A | N/A | 45M | 56M | 52M |
| Gross Margin | N/A | N/A | N/A | -2.9% | 7.1% | 3.1% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -12M | -53M | -111M | -65M | -46M | -38M |
| Op. Margin | N/A | N/A | N/A | -145.9% | -82.0% | -72.6% |
| Net Income | -17M | 23M | -73M | -76M | -50M | -35M |
| Net Margin | N/A | N/A | N/A | -170.3% | -89.6% | -66.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | -68.1% | 13.4% | -55.6% | -96.0% | -160.3% | -176.3% |
| ROE | N/A | 13.4% | -65.4% | -167.8% | -127.3% | -111.2% |
| ROA | -121.0% | 10.2% | -38.6% | -81.0% | -52.2% | -46.8% |
| Cash Flow | ||||||
| Op. Cash Flow | -12M | -89M | -128M | -39M | -49M | 6.3M |
| Free Cash Flow | -13M | -94M | -142M | -41M | -49M | 0 |
| Owner Earnings | -13M | -91M | -135M | -51M | -60M | -4.8M |
| CapEx | 407K | 4.9M | 14M | 1.4M | 304K | 0 |
| Maint. CapEx | 296K | 736K | 2.1M | 3.3M | 3.3M | 3.3M |
| Growth CapEx | 111K | 4.2M | 12M | 0 | 0 | 0 |
| D&A | 296K | 736K | 2.1M | 3.3M | 3.3M | 3.3M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 3K | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 12K | 1.7M | 5.2M | 7.9M | 7.7M | 7.7M |
| Debt Repayment | 0 | 0 | 1.6M | 4.8M | 2.8M | 2.8M |
| Balance Sheet | ||||||
| Net Debt | -10M | -16M | -16M | 8.3M | -11M | -14M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 14M |
| Long-Term Debt | 166K | 0 | 20M | 20M | 0 | N/A |
| Debt/Equity | -0.01 | 0.00 | 0.18 | 0.44 | 0.00 | 0.00 |
| Interest Coverage | N/A | -3.8 | N/A | -42.6 | N/A | N/A |
| Equity | -27M | 174M | 112M | 45M | 34M | 31M |
| Total Assets | 14M | 229M | 190M | 94M | 98M | 74M |
| Total Liabilities | 41M | 54M | 78M | 48M | 65M | 43M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -27M | -4.1M | -77M | -153M | -203M | -203M |
| Working Capital | -20M | 150M | 117M | 52M | 36M | 36M |
| Current Assets | 13M | 166M | 163M | 72M | 82M | 82M |
| Current Liabilities | 33M | 16M | 46M | 20M | 47M | 47M |
| Per Share Data | ||||||
| EPS | -6.90 | 6.60 | -13.32 | -13.11 | -6.69 | -4.22 |
| Owner EPS | -5.24 | -25.75 | -24.57 | -8.73 | -7.98 | -0.42 |
| Book Value | -11.26 | 49.19 | 20.36 | 7.81 | 4.48 | 2.74 |
| Cash Flow/Share | -5.11 | -25.07 | -23.24 | -6.79 | -6.51 | -2.75 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 2.4M | 3.5M | 5.5M | 5.8M | 7.5M | 11.3M |
| Valuation | ||||||
| P/E Ratio | N/A | 13.3 | N/A | N/A | N/A | -0.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.8 | 0.7 | 1.0 | 0.7 | 0.6 |
| Price/Sales | N/A | N/A | N/A | 1.8 | 0.9 | 0.4 |
| FCF Yield | -1.7% | -30.1% | -187.0% | -87.6% | -207.2% | N/A |
| Market Cap | 739M | 312M | 76M | 46M | 24M | 20M |
| Avg. Price | 299.34 | 251.34 | 58.68 | 14.05 | 6.72 | 1.73 |
| Year-End Price | 306.00 | 87.90 | 13.80 | 8.03 | 3.16 | 1.73 |
Xos, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 2.1%. At current prices, the estimated annualized return to fair value is +46.4%.
Xos, Inc. (XOS) has a 5-year average return on invested capital (ROIC) of -73.3%. This is below average and may indicate limited pricing power.
Xos, Inc. (XOS) has a market capitalization of $20M. It is classified as a small-cap stock.
Xos, Inc. (XOS) does not currently pay a regular dividend.
Xos, Inc. (XOS) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
Xos, Inc. (XOS) reported annual revenue of $56 million in its most recent fiscal year, based on SEC EDGAR filings.
Xos, Inc. (XOS) has a net profit margin of -89.6%. The company is currently unprofitable.
Xos, Inc. (XOS) generated $-49 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Xos, Inc. (XOS) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
Xos, Inc. (XOS) reported earnings per share (EPS) of $-6.69 in its most recent fiscal year.
Xos, Inc. (XOS) has a return on equity (ROE) of -127.3%. A negative ROE may indicate losses or negative equity.
Xos, Inc. (XOS) has a 5-year average gross margin of 2.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 5 years of financial data for Xos, Inc. (XOS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Xos, Inc. (XOS) has a book value per share of $4.48, based on its most recent annual SEC filing.