Xos, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	44.52	36.38	5.05	2.64	1.15	0.31
Revenue Growth (YoY)	22.40%	620.60%	91.14%	130.25%	272.40%	-
Cost of Revenue	45.81	66.41	7.41	2.34	0.81	0.09
Gross Profit	-1.29	-30.03	-2.36	0.3	0.34	0.22
Selling, General & Admin	44.09	50.64	30.72	5.16	4.11	2.15
Research & Development	19.59	30.68	20.08	7.02	0.36	1.54
Other Operating Expenses	0	0	0	0	0.24	0.12
Operating Expenses	63.68	81.32	50.79	12.17	4.72	3.81
Operating Income	-64.97	-111.35	-53.16	-11.87	-4.37	-3.6
Interest Expense / Income	0	0	0	0	0.56	0.35
Other Expense / Income	10.86	-38.03	-76.56	4.8	-	-
Pretax Income	-75.82	-73.32	23.4	-16.67	-4.93	-3.95
Income Tax	0.02	0.01	0	0	0	0
Net Income	-75.84	-73.33	23.4	-16.67	-4.93	-3.95
Shares Outstanding (Basic)	6	6	4	2	-	-
Shares Outstanding (Diluted)	6	6	4	2	-	-
Shares Change	-0.43%	61.76%	49.65%	-	-	-
EPS (Basic)	-13.11	-13.31	6.60	-6.90	-	-
EPS (Diluted)	-13.11	-13.32	6.60	-6.90	-	-
Free Cash Flow	-40.67	-142.07	-93.81	-12.75	-2.53	-3.79
Free Cash Flow Per Share	-7.03	-25.79	-26.66	-5.31	-	-
Gross Margin	-2.90%	-82.55%	-46.79%	11.36%	29.73%	70.13%
Operating Margin	-145.91%	-306.10%	-1052.99%	-449.53%	-381.34%	-1167.86%
Profit Margin	-170.35%	-201.58%	463.57%	-631.09%	-430.08%	-1281.82%
Free Cash Flow Margin	-91.35%	-390.57%	-1858.36%	-482.58%	-220.40%	-1229.87%
Effective Tax Rate	-	-	0.01%	-	-	-
EBITDA	-70.94	-69.69	24.14	-16.37	-4.14	-3.48
EBITDA Margin	-159.34%	-191.57%	478.19%	-619.88%	-360.51%	-1128.57%
Depreciation & Amortization	4.88	3.63	0.74	0.3	0.24	0.12
EBIT	-75.82	-73.32	23.4	-16.67	-4.37	-3.6
EBIT Margin	-170.30%	-201.55%	463.61%	-631.09%	-381.34%	-1167.86%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).