XL Fleet (XL) Misses Q2 Revenues, EPS
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XL Fleet Announces Second Quarter 2021 Financial Results
August 12, 2021 4:05 PM EDTBOSTON--(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 second quarter 2021 financial results.
Second Quarter 2021 and Recent Highlights
Generated revenue for second quarter of 2021 of $3.7 million, compared to $1.9 million in the prior year, driven by the addition of World Energy in mid-May 2021 Realized gross profit for the second quarter of 2021 of $1.0 million, reflecting gross margins of approximately 26% Exited second quarter of 2021 with cash balance of $384 million Achieved... More