XL Fleet (XL) Tops Q4 EPS by 3c, Revenue Beats

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Go back to XL Fleet (XL) Tops Q4 EPS by 3c, Revenue Beats

XL Fleet Announces Fourth Quarter and Full-Year 2020 Financial Results

March 31, 2021 4:15 PM EDT

BOSTON--(BUSINESS WIRE)-- XL Fleet Corp. (NYSE: XL) (XL Fleet or the Company), a leading provider of fleet electrification solutions for commercial vehicles in North America, today announced fourth quarter and full-year 2020 financial results.

Full-Year and Recent Highlights

Generated revenue for full-year 2020 of $20.3 million, an increase of 182% vs. $7.2 million in the prior year Generated revenue for fourth quarter of 2020 of $10.9 million, compared to $0.3 million in the prior year quarter Shipped 1,537 total systems during full-year 2020, including 837 systems in the fourth quarter of 2020 Reported gross profit for full-year 2020... More