XOS (NASDAQ:XOS) Posts Earnings Results, Misses Expectations By $1.23 EPS

XOS (NASDAQ:XOS) posted its quarterly earnings results on Friday. The company reported ($2.36) EPS for the quarter, missing the consensus estimate of ($1.13) by ($1.23), Zacks reports. XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%.

XOS Trading Down 3.8 %

XOS stock traded down $0.14 during midday trading on Friday, reaching $3.43. 43,773 shares of the stock traded hands, compared to its average volume of 431,513. The firm has a market cap of $27.50 million, a PE ratio of -0.51 and a beta of 1.67. The company has a 50-day simple moving average of $3.67 and a two-hundred day simple moving average of $4.00. XOS has a 12-month low of $2.92 and a 12-month high of $11.14.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.