Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Workhorse Group

Workhorse Group, Inc. is a technology company, which engages in the provision of sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The firm also creates all-electric delivery trucks and drone systems. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q4 2024

Workhorse Group advances product roadmap and optimizes financial strategies

Workhorse Group showcased progress in product development, market expansion, and financial management in Q1 2024, despite facing challenges in sales and cost management.
The company's strategic focus on operational efficiency, cost reduction, and liquidity management positions it well to navigate current market dynamics and capitalize on growth opportunities.
By addressing challenges, leveraging strengths, and exploring opportunities, Workhorse aims to enhance its market position, drive revenue growth, and ensure long-term sustainability.

Workhorse Group reduces expenses, eyes growth in competitive EV market

Workhorse Group demonstrated resilience in Q2 by reducing expenses and cash burn rate while focusing on strategic collaborations and product development.
Challenges in the EV market were addressed through cost reductions and actions to secure new orders and deliver products.
Opportunities for growth include leveraging partnerships, extending the financial runway, and positioning as a leader in the competitive EV market.
The company's proactive approach and commitment to long-term success position it well to navigate market challenges and capitalize on opportunities.

Workhorse secures key partnerships and aims for EV market growth

Workhorse Group's Q3 performance reflects a focus on efficiency, strategic partnerships, and product expansion in the commercial EV market.
While facing cash burn challenges, the company's strengths in cost savings, environmental benefits, and financial management position it for growth.
Opportunities lie in securing new orders, expanding the product portfolio, and capitalizing on the increasing demand for electric vehicles in the market.

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Cost of revenue

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Cash from other sources

Net change in cash

Free cash flow

Workhorse Group, Inc. is a technology company, which provides sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The company was founded by Stephen S. Burns on February 20, 2007, and is headquartered in Sharonville, OH.

Canoo

Lucid Group

Share dilution is a significant risk that investors face in the stock market. Companies can offload their risks to existing shareholders by issuing new shares, which dilutes the ownership stake and potential returns for current investors.

Ditch These 3 Diluting EV Stocks Before They Hit Zero

CINCINNATI, April 24, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the addition of Milea Truck Sales and Leasing to its growing Certified Dealer network. With locations in the Bronx and Brooklyn, Milea Truck Sales and Leasing marks Workhorse's second dealer partner in New York state , 12th dealer nationwide, and its latest addition to the Certified Dealer Program.

Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence

Fisker Inc

General Motors

Mullen Automotive

Nikola

The EV sector continues to undergo a period of extreme difficulty. EV sales growth is slowing, adoption rates are not as high as they once were, and global demand has weakened severely.

Danger Zone: 7 EV Stocks Poised for a Painful Plunge

Amidst turbulence in the EV market, identifying EV stocks to offload in April is crucial. This past year has certainly posed challenges to this sector.

Bankruptcy Alert: 3 EV Stocks to Sell Now Before They Plunge

CINCINNATI, April 10, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced it has added Ziegler Truck Group to its network of dealers, bringing the Company's total dealer count to 11 partners nationwide. Ziegler Truck Group has locations in Minnesota, Iowa, and Wisconsin, expanding Workhorse's dealer network across the Midwest region.

Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group

The heavy selling pressure might have exhausted for Workhorse (WKHS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -32.9% in 4 Weeks, Here's Why Workhorse (WKHS) Looks Ripe for a Turnaround

Workhorse (WKHS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Workhorse (WKHS) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

BYD Co Ltd

Ford Motor Company

GreenPower Motor Co.

Hyliion

Lion Electric

Li Auto Inc.

Polestar Automotive Holding UK PLC

Rivian Automotive

Tesla

XPeng

Many EV start-ups that were once valued at billions of dollars are now bankrupt (EV graveyard) or on the verge of bankruptcy (The Walking Dead).

The EV Start-Up Graveyard And The Walking Dead

New Financing Provides Immediate Liquidity and Financial Resources to Support Company's Continued Progress Advancing Its Product Roadmap New Financing Provides Immediate Liquidity and Financial Resources to Support Company's Continued Progress Advancing Its Product Roadmap

Workhorse Strengthens Financial Position with Convertible Note Transaction

Workhorse (WKHS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Workhorse (WKHS) Rating Upgrade to Buy

Workhorse (WKHS) reports mixed fourth-quarter results and is currently implementing a reduction in force, impacting 20% of its total workforce, excluding direct labor positions.

Workhorse (WKHS) Q4 Loss Wider Than Expected, Revenues Beat

Workhorse Group Inc. (WKHS) Q4 2023 Earnings Call Transcript

Shares of Workhorse (NASDAQ: WKHS ) stock are plunging lower by over 10% after the electric vehicle (EV) and drone manufacturer reported its fourth-quarter earnings, revealing a round of layoffs. “As part of our cost-saving actions, we have made the decision to transition the Aero business to a less capital-intensive Drones-as-a-Service model,” said CEO Rick Dauch.

Workhorse Layoffs 2024: What to Know About the Latest WKHS Job Cuts

Workhorse Group (WKHS) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.24 per share a year ago.

Workhorse Group (WKHS) Reports Q4 Loss, Tops Revenue Estimates

CINCINNATI, March 12, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Workhorse Group Reports Fourth Quarter and Full Year 2023 Results

CINCINNATI, March 01, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse ” or “the Company” ), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will hold a conference call on Tuesday, March 12th at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2023 as well as the Company's plans and outlook. Financial results will be issued in a press release prior to the call.

Workhorse Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Tuesday, March 12, 2024 at 12:00 p.m. ET

ChargePoint Holdings

Arrival Group

Demand for EVs remains robust based on delivery numbers by some of the leading firms in the sector.  Further, the expectation of rate cuts later this year promises to boost the sagging industry.

3 EV Stocks to Ignore Before They Fall Even Further

CINCINNATI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced it has added Riverview International Trucks (“Riverview”) as its latest vehicle dealer, bringing the Company's total dealer count in California to five.

Workhorse Group Adds Riverview International Trucks as its Fifth California Dealer

CINCINNATI, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, has partnered with Zeem Solutions (“Zeem”) to provide additional Workhorse certified service options for fleet operators and customers. Zeem's electric vehicle (“EV”) technicians will work hand-in-hand with Workhorse's technical team to respond quickly to service requests and maintain industry-leading uptime.

Workhorse Group Partners with Zeem Solutions to Expand Service and Support Options for Workhorse Customers

The electric vehicle (EV) market is still recovering from a highly volatile year. 2023 saw many of the sector's leaders battle severe headwinds as macroeconomic conditions pushed EV stocks down.

3 EV Stocks to Sell That Likely Won't Survive 2024

CINCINNATI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will partner with The W.W. Williams Company LLC (“Williams”) to be a service provider for Workhorse electric vehicles. Williams will initially offer service through its Power Products Systems Division located in Wakefield, Massachusetts, with the potential for additional locations as Workhorse continues to grow its customer base.

Workhorse Group Names W.W. Williams as a Service Provider for Electric Vehicles

CINCINNATI, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse ” or “the Company” ), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced it has received its second fleet purchase order for the W56 step van from a leading commercial fleet operator. The 15-vehicle order is expected to be delivered in 2024 by Workhorse's dealer, Kingsburg Truck Center.

Workhorse Group Receives Second Fleet Order for W56 Step Van

Workhorse's (WKHS) W56 electric vehicle secures CARB approval, unlocking incentives and accelerating California's journey toward a sustainable, zero-emission future in commercial transportation.

Workhorse's (WKHS) W56 Secures CARB Nod for Incentive Program

Shares of Workhorse Group Inc. WKHS, +0.25% trotted 0.5% lower in premarket trading Wednesday, as they approached record-low levels, even after the California Air Resources Board determined the maker of electric delivery vehicles' W56 EV is eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. The stock had closed at a record low of 35.0 cents on Dec. 19.

Workhorse's W56 EV is now eligible for HVIP incentives, but stock falls

W56 Now Eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project W56 Now Eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project

News for Workhorse Group Stock (WKHS)