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

Gross Margin

Operating Margin

Profit Margin

Margins

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

Selling, general and administrative

Research and development

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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 Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

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.

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

Mullen Automotive

Nikola

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

Workhorse Group Receives HVIP Approval from California Air Resources Board for the W56

CINCINNATI, Dec. 21, 2023 (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 issued a letter to its shareholders highlighting the important milestones the Company has reached throughout 2023 and opportunities ahead to enhance shareholder value and advance Workhorse's mission.

Workhorse Highlights Achievements in 2023 Year-End Letter to Shareholders

CINCINNATI, Dec. 20, 2023 (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 first fleet order for the W56 step van from Mission Linen Supply, a California based, privately-held company that is a leading provider of products and services to hospitality, medical and industrial businesses. The initial 15-vehicle order is expected to be delivered in 2024.

Workhorse Group Receives First Fleet Order for W56 Step Van

CINCINNATI, Dec. 19, 2023 (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 The Truck Shop as a dealer, bringing the Company's total dealer count to nine.

Workhorse Group Expands West Coast Presence, Adding The Truck Shop as its Latest Dealer

Workhorse (NASDAQ: WKHS ) stock is down more than 4% after the company announced the sale and issuance of up to $50 million of common stock to Lincoln Park Capital Fund. This offering will be made from time to time with the price per share to be determined at the time of sale.

WKHS Stock: Workhorse Flirts With Dilution in $50 Million Share Sale

CINCINNATI, Nov. 29, 2023 (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 Colonial Equipment Company and Freeway Isuzu to its growing network of dealers across the United States. The Company also announced that Fairway EV has recently been confirmed as a Workhorse Certified Dealer. The Certified Dealer Program is an initiative to develop an official network of verified dealers that have passed the protocols necessary to safely repair and maintain the electric components of the Company's vehicles. The Company's total dealer count has now grown to eight partners nationwide.

Workhorse Group Expands Dealer Network to Eight Partners Nationwide

Arcimoto

Kandi Technologies Group Inc

Li Auto Inc.

Electrameccanica

Tesla

XPeng

2023 is almost over and electric vehicle (EV) producers are likely happy about it. After all, this year hasn't been the strongest for the sector.

EV Stocks Alert: Electric Vehicle Prices Have Plunged 33% This Year

Workhorse Group Inc. (WKHS) Q3 2023 Earnings Call Transcript

VinFast Auto Ltd

It's another bad week for electric vehicle stocks. While Tesla shares have jumped, other smaller companies in the industry dropped.

Bad news for EV stocks: Avoid Workhorse (WKHS), VinFast (VFS), Nio

Shares of Workhorse Group Inc. WKHS, +4.80% dropped 2.7% in premarket trading Tuesday, after the maker of electric delivery vehicles missed third-quarter revenue expectations by a wide margin and provided a downbeat full-year outlook, as results were “significantly impacted” by delays in clean truck and bus vouchers (HVIP) in California. The net loss narrowed to $30.6 million, or 14 cents a share, from $35.4 million, or 22 cents a share, in the year-ago period.

Workhorse's stock takes a hit after big revenue miss and downbeat outlook, but HVIP voucher issue has been resolved

CINCINNATI, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company with a vision to pioneer the transition to zero emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2023.

Workhorse Group Reports Third Quarter 2023 Results

CINCINNATI, Nov. 03, 2023 (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 that, in light of a scheduling issue, it has rescheduled its third quarter earnings conference call to Tuesday, November 14th at 8:00 a.m. Eastern time (5:00 a.m. Pacific time). Workhorse will discuss financial results for the third quarter ended September 30, 2023 as well as the Company's plans and outlook. Financial results will also be issued in a press release prior to the call.

News for Workhorse Group Stock (WKHS)