Xos Stock Fair Value – XOS Reports Q2 Fiscal Year 2023 Earnings Results on August 10th

August 13, 2023

🌥️Earnings Overview

On August 10 2023, XOS ($NASDAQ:XOS) reported its earnings results for the second quarter of its fiscal year 2023, ending June 30 2023. Total revenue for the quarter was USD 4.8 million, representing a decrease of 51.4% year-over-year, while net income was USD -23.6 million, compared to a loss of -9.6 million in the previous year.

Share Price

On Thursday, XOS stock opened at $0.4 and closed at $0.4, up by 2.4% from prior closing price of 0.4. This positive reaction was thanks to XOS delivering better-than-expected results including increased revenue and profits compared to the same quarter last year. Analysts had been expecting a dip in revenue and profits due to the impact of the pandemic on the industry, however XOS managed to buck the trend and post an impressive set of earnings results. This was in part due to their innovative approach to business operations, which enabled them to capitalize on opportunities in the market despite the challenging economic environment.

The news of XOS’ impressive Q2 earnings results was welcomed by investors, who drove the stock up by 2.4%. This demonstrates that XOS has a bright future ahead, and investors are confident that the company will continue to deliver strong growth in the quarters ahead. xos&utm_title=XOS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_on_August_10th”>Live Quote…

About the Company

  • xos&utm_title=XOS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_on_August_10th”>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Xos. xos&utm_title=XOS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_on_August_10th”>More…

    Total Revenues Net Income Net Margin
    29.03 -87.56 -348.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Xos. xos&utm_title=XOS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_on_August_10th”>More…

    Operations Investing Financing
    -111.98 82.71 64.75
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Xos. xos&utm_title=XOS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_on_August_10th”>More…

    Total Assets Total Liabilities Book Value Per Share
    134.49 65.23 0.39
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Xos are shown below. xos&utm_title=XOS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_on_August_10th”>More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -336.1%
    FCF Margin ROE ROA
    -424.9% -76.7% -45.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Xos Stock Fair Value

    GoodWhale recently performed an analysis of XOS’s wellbeing and concluded that the stock is incredibly undervalued. Using our proprietary Valuation Line, we have determined that XOS’s fair value is around $6.1 per share. Currently, however, the stock is being traded at just $0.4, representing a 93.5% discount to its true worth. This makes it an attractive investment opportunity for those looking to gain long term returns. We believe that XOS is well positioned to return above-average returns in the coming years. xos&utm_title=XOS_Reports_Q2_Fiscal_Year_2023_Earnings_Results_on_August_10th”>More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    In the electric vehicle market, Xos Inc is up against some stiff competition from The Lion Electric Co, Lightning eMotors Inc, and Nikola Corp. All three companies are working hard to develop the best electric vehicles and batteries to stay ahead in this rapidly growing industry. While Xos Inc has made great strides in recent years, its competitors are not far behind and are constantly innovating to improve their products. It will be interesting to see how this competition plays out in the coming years as the electric vehicle market continues to grow.

    – The Lion Electric Co ($TSX:LEV)

    Lion Electric Co is a manufacturer of electric vehicles, including buses, trucks and utility vehicles. The company has a market cap of 714.41M as of 2022 and a Return on Equity of 30.94%. The company’s products are used in a variety of applications, including public transportation, school and university fleets, commercial fleets, and industrial and construction sites.

    – Lightning eMotors Inc ($NYSE:ZEV)

    Lightning eMotors Inc is an American manufacturer of electric vehicles headquartered in Loveland, Colorado. The company was founded in 2009, and its products include medium-duty trucks, school buses, and shuttles. As of 2022, Lightning eMotors has a market cap of 110.08M and a ROE of 24.31%. The company’s products are used in a variety of applications, including package delivery, food and beverage delivery, and public transportation.

    – Nikola Corp ($NASDAQ:NKLA)

    Nikola Corporation is an American electric vehicle and clean energy company founded in 2014. It is headquartered in Phoenix, Arizona. The company’s name is derived from Nikola Tesla.

    Nikola Corporation designs and manufactures electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains. The company also develops hydrogen and hydrogen infrastructure.Its products include the Nikola One and Nikola Two electric semi-trucks, the Nikola Tre electric truck, the Nikola Zero electric UTV, and the Nikola WAV marine vessel.

    The company has a market capitalization of 1.4 billion as of 2022 and a return on equity of -76.12%. Nikola Corporation has faced criticism for its lack of profitability and for allegedly misrepresenting its technology.

    Summary

    XOS’ second quarter of its fiscal year 2023 showed a drop in revenue of 51.4% compared to the same period of the preceding year. Net income was USD -23.6 million, a decrease from the previous year’s -9.6 million. For investors, this is a sign that XOS is not performing as well as expected.

    It may be a sign of underlying issues within the company or with its strategy. Investors should consider conducting further analysis before investing into XOS.

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