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Earnings Call Summary | Xos Inc(XOS.US) Q1 2024 Earnings Conference

Earnings Call Summary | Xos Inc(XOS.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Xos Inc (XOS.US) 2024 年第一季度業績會議
富途資訊 ·  05/16 08:15  · 電話會議

The following is a summary of the Xos, Inc. (XOS) Q1 2024 Earnings Call Transcript:

以下是Xos, Inc.(XOS)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Xos reported Q1 revenue of $13.2 million, marking an increase of 180% from Q1 2023, driven by delivering 62 units and achieving gross margins of 21.2%.

  • Quarter revenue was impacted by delays in customer infrastructure and partner upfitter bottlenecks.

  • Operating expenses saw a modest decrease to $13 million from the $13.2 million in the prior quarter.

  • The company achieved a GAAP gross margin profit of $2.8 million, a substantial gain from $1.3 million or 7.2% in the previous quarter.

  • The cash and cash equivalents at the end of the quarter stood at $46.2 million, significantly improved from $11.6 million at the end of Q4 2023.

  • Xos expects revenue for full-year 2024 to be in the range of $66.7 to $100.4 million, while predicting to deliver 400 to 600 units.

  • Xos公佈的第一季度收入爲1,320萬美元,比2023年第一季度增長了180%,這得益於交付了62個單位和實現21.2%的毛利率。

  • 季度收入受到客戶基礎設施延遲和合作夥伴裝修瓶頸的影響。

  • 運營支出從上一季度的1,320萬美元小幅下降至1,300萬美元。

  • 該公司的GAAP毛利潤率爲280萬美元,較上一季度的130萬美元或7.2%大幅增長。

  • 本季度末的現金及現金等價物爲4,620萬美元,較2023年第四季度末的1160萬美元大幅增加。

  • Xos預計,2024年全年收入將在6,670萬美元至1.004億美元之間,同時預計將交付400至600套。

Business Progress:

業務進展:

  • Xos successfully finalized the acquisition of ElectraMeccanica, enhancing the company's liquidity by over $50 million.

  • The company has launched the updated Xos Hub, a rapidly deployable charging unit directed towards accelerating electrification efforts for fleets.

  • Xos plans to ramp up production rates of the Xos Hub to 8 hubs/month in H2 2024.

  • Initial deliveries of Stepvan-based powertrains to new customers were fulfilled during the quarter.

  • The company's future focus will remain on the growth of its core businesses - the Stepvan, Xos Hub, and powertrain units.

  • High fuel costs and regulatory directives for clean fleet transition have spurred interest in Xos' products, increasing sales orders for Q2 in comparison to Q1.

  • The company's strategic approach to deal with production bottlenecks ensures operations and revenue generation continue, with subassembly building as a key measure.

  • Xos is planning to package charging hubs and vehicles together as a unique proposition to facilitate customers' transition to EVs.

  • Xos成功完成了對ElectraMeccanica的收購,使該公司的流動性增加了超過5000萬美元。

  • 該公司推出了更新後的Xos Hub,這是一款可快速部署的充電裝置,旨在加快車隊的電氣化工作。

  • Xos計劃在2024年下半年將Xos集線器的產量提高到每月8個集線器。

  • 本季度首次向新客戶交付了基於Stepvan的動力系統。

  • 該公司未來的重點仍將放在其核心業務——Stepvan、Xos Hub和動力總成部門的增長上。

  • 高昂的燃料成本和清潔車隊過渡的監管指令激發了人們對Xos產品的興趣,與第一季度相比,第二季度的銷售訂單有所增加。

  • 該公司應對生產瓶頸的戰略方針確保了運營和創收的持續性,而組件建設是關鍵衡量標準。

  • Xos計劃將充電樞紐和車輛打包在一起,以此作爲一項獨特的主張,以促進客戶向電動汽車的過渡。

More details: Xos Inc IR

更多詳情: Xos Inc IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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