Xos, Inc. (XOS) has seen an increase of 5.65% in the aftermarket because the company announced fourth-quarter revenue and deliveries. However, the last trading session closed at $2.3 with an increase of 10.58%.
Fourth Quarter Revenue – What’s New?
XOS announced fourth-quarter results on 31st January 2022. The company reported 32 deliveries in total and the net revenue came out to be $3.1 million. The ability to fulfill customer orders for the zero-emission vehicles and powertrains in the face of a worldwide supply chain interruption was demonstrated. Furthermore, the company is proud to announce that the next-generation Lyra Series commercial vehicle battery packs were installed in fourth-quarter deliveries. Lastly, XOS attributes the success to the dedication of the team members, and they look forward to growing even more in 2022.
Celebration of 300th Employee Hire – Newest Updates
On 27th January 2022, XOS announced that it has reached 300 employees and has released a video commemorating the company’s achievement and growth over the past year. Across all departments, the XOS team has increased by 450 percent. Xos will continue to hire through 2022 in order to build strong departmental teams and secure top leadership positions. Moreover, the company’s 300th hire milestone and ongoing recruiting goals will aid it in scaling manufacturing.
Now what?
XOS is ecstatic about the expansion and all of the brilliant new talent entering the firm. Furthermore, the team is really good, and the company’s diversity of experiences and perspectives has moved them ahead. The best part is that XOS is only getting started, and it is looking forward to filling the team’s dozens of open positions.
Vice President of Supply Chain – Worth it?
On 13th January 2022, XOS reported that Mike Chaffins is now the vice president of the supply chain. The company is happy to have Mike join the team and oversee the supply chain business. Moreover, he has decades of experience working in the automotive business. Not only this but Mike brings an unrivaled breadth of supply chain logistics knowledge and skills. He is the perfect fit to join the team and help XOS reach its goals this year and beyond, with an excellent history spanning the entire automotive industry—tier-one suppliers, original equipment manufacturers, and startups.
