XOSWW - Xos Inc. (XOS) Q4 2023 Earnings Call Transcript

2024-03-21 21:19:02 ET

Xos, Inc. (XOS)

Q4 2023 Earnings Conference Call

March 21, 2024, 16:30 PM ET

Company Participants

Christen Romero - General Counsel

Dakota Semler - CEO

Giordano Sordoni - COO

Liana Pogosyan - Acting CFO

Conference Call Participants

Donovan Schafer - Northland Capital Markets

Michael Shlisky - D.A. Davidson

Steven Wahrhaftig - WedBush

Presentation

Operator

Greetings, and welcome to Xos Inc. Fourth Quarter and Full Year 2023 Earnings Call. [Operator Instructions] Please note, this conference is being recorded. At this time, I would like to turn the conference over to the General Counsel of Xos, Christen Romero. Thank you. You may begin.

Christen Romero

Thank you, everyone, for joining us today. Hosting the call with me today are Chief Executive Officer, Dakota Semler; Chief Operating Officer, Giordano Sordoni; and Acting Chief Financial Officer, Liana Pogosyan. Ahead of this call, Xos issued its fourth quarter 2023 earnings press release, which we will reference during the call.

This can be found on the Investor Relations section of our website at investors.xostrucks.com. On this call, management will be making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect because of factors discussed in today's earnings news release during this conference call or in our latest reports and filings with the Securities and Exchange Commission.

These documents can be found on our website at investors.xostrucks.com. We do not undertake any duty to update any forward-looking statements. Today's presentation also includes references to non-GAAP financial measures and performance metrics. Please refer to the information contained in the company's fourth quarter 2023 earnings press release for definitional information and reconciliations of historical non-GAAP measures to the comparable GAAP financial measures. Participants should be cautioned not to put undue reliance on forward-looking statements.

With that, I now turn it over to our CEO, Dakota.

Dakota Semler

Thanks, Christen, and thank you, everyone, for joining us to review Xos' best year-to-date. On today's call, I will cover highlights from 2023 during which we generated revenues of $44.5 million, delivered 283 units and achieved positive gross margins in both the third and fourth quarters. Before handing it off to Gio and Liana for operational and financial updates, I will discuss our anticipated acquisition of ElectraMeccanica and the outlook for 2024....

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