XOS - Xos GAAP EPS of -$0.14 beats by $0.01 revenue of $11M beats by $0.69M

• Xos press release ( NASDAQ: XOS ): Q3 GAAP EPS of -$0.14 beats by $0.01 .
• Revenue of $11M (+2955.6% Y/Y) beats by $0.69M .
• Gross Margin loss was $10.8 million, versus $5.1 million in the prior quarter.
• Non-GAAP Gross (Loss) Margin loss was $5.5 million, compared to $4.2 million in the prior quarter
• Net Loss was $23.3 million and loss from operations was $31.2 million, compared to Net Loss of $9.5 million and loss from operations of $27.8 million in the prior quarter.
• Non-GAAP operating loss was $26.6 million, compared to $25.8 million in the prior quarter.
• Inventories increased to $66.3 million, compared to $62.2 million during the prior quarter as the Company prepared to increase deliveries.
• Cash, cash equivalents, restricted cash, and marketable debt securities, available-for-sale were $109.2 million as of September 30, 2022.

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