Xos raised revenue 17% from the prior quarter and had positive gross profit for a third straight quarter, with expenses and losses improving. It delivered 33 units and still emphasizes turning its pipeline into deliveries, but the reported progress favors the company.
The company is making more from deliveries and spending less. It also reported better operating losses and adjusted EBITDA. Its team still needs to turn its pipeline into deliveries, but the reported progress and PowerHub use at a data center support a favorable read.
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