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