Proposed Transaction Anticipated to Significantly Strengthen Xos’ Balance Sheet and Provide Growth Capital to Further Expand Xos’ Gross Margin Positive Vehicle Business Positions Combined Company for Sustainable Long-Term Value Creation with a Strengthened Financial Profile, a Substantial Backlog, and Strong Growth Potential Prospective Combined Company Expected to Benefit from Favorable Regulatory Tailwinds, Including California’s Mandate
/PRNewswire/ Third Quarter Highlights: Total Revenue Was $394 Million, up 9%; Service Revenue¹ Increased 4% to $276 Million Diluted EPS Increased 14% to.