Xos Sees FY25 Revenue $50.2M-$65.8M Vs $102.46M Est.

2025 Outlook:

Xos's outlook for 2025 is as follows:

Revenue	$50.2 to $65.8 million
Non-GAAP operating loss	$17.2 to $14.0 million
Unit Deliveries (1)	320 to 420 units

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(1) Unit deliveries forecast includes stepvans and our powertrain and Xos Hub products.

Liana Pogosyan, Acting Chief Financial Officer of Xos, added, "This year, we continued to increase our revenues, delivered the first full year GAAP positive gross margins and reduced total operating expenses. This quarter, we also achieved significant net cash provided by operating activities and our first ever positive Free Cash Flow."

The outlook provided above is based on management beliefs and expectations as of the date of this press release. The results are based on assumptions that are believed to be reasonable as of this date, but may be materially affected by many factors, as discussed below in our "Cautionary Statement Regarding Forward-Looking Statements" disclaimer. Actual results may vary from the outlook above and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.