XL Fleet (XL) Posts Q1 Revenue of $4.1M
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XL Fleet Announces First Quarter 2022 Financial Results
May 10, 2022 4:05 PM EDTBOSTON--(BUSINESS WIRE)-- XL Fleet Corp. (NYSE: XL) (XL Fleet or the Company), a leading provider of fleet electrification solutions, today announced first quarter 2022 financial results.
First Quarter 2022 and Recent Highlights
Generated revenue for first quarter of 2022 of $4.8 million, compared to $0.7 million in the prior year Realized gross loss for the first quarter of 2022 of $0.4 million versus gross loss of $0.7 million in the prior year Exited first quarter of 2022 with cash and cash equivalents of approximately $333 million Appointed Donald P. Klein as CFO of XL Fleet; seasoned... More