Xos Maintains 2023 Outlook; See Deliveries 250-350 Units, Revenue $36.3M-$54.7M
Portfolio Pulse from Benzinga Newsdesk
Xos, a manufacturer of electric vehicles, has maintained its 2023 outlook, expecting to deliver between 250 and 350 units, with revenues projected to be between $36.3M and $54.7M.
November 09, 2023 | 10:56 pm
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Xos has maintained its 2023 outlook, expecting to deliver between 250 and 350 units, with revenues projected to be between $36.3M and $54.7M.
The news directly pertains to Xos and its financial outlook for 2023. The company's decision to maintain its outlook suggests stability and confidence in its business model, which could be perceived positively by investors. However, the actual impact on the stock price will depend on whether the market had different expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100