# Xos, Inc.
Incorporated in Delaware and listed on Nasdaq, Xos manufactures and sells electric powertrains and battery systems for commercial vehicles. The company develops proprietary electric drive systems designed for medium- and heavy-duty trucks, buses, and other commercial applications. Its products include electric motors, power electronics, battery management systems, and integrated drivetrain solutions intended to reduce emissions and operating costs for fleet operators.
The company generates revenue primarily through the sale of powertrain components and systems to original equipment manufacturers (OEMs) and commercial vehicle operators, along with related engineering services and integration support. Xos has positioned itself to supply electric drivetrains across multiple vehicle classes, with particular focus on the last-mile delivery and transit bus segments.
As of recent reporting periods, the company operates with a workforce in the range of several hundred employees, with manufacturing and engineering facilities located in the United States. The company's addressable market encompasses North American commercial vehicle manufacturers and fleet operators transitioning to electric platforms, though revenue remains at an early-stage scale relative to the broader automotive supply industry.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $-6.69 | $-6.69 | +49.0% | |
| 2023 | $-13.11 | $-13.11 | -2879.5% | |
| 2022 | $-0.44 | $-0.44 | -300.0% | |
| 2021 | $0.22 | $0.22 | — | |
| 2020 | — | — | — |