Workhorse (WKHS) Q4 Loss Wider Than Expected, Revenues Beat [Yahoo! Finance]
Workhorse Group, Inc. (WKHS)
NASDAQ:AMEX Investor Relations:
workhorse.com/investors
Company Research
Source: Yahoo! Finance
The company had incurred an adjusted loss of 24 cents in the year-ago quarter. Workhorse generated net revenues of $4.41 million, which surpassed the Zacks Consensus Estimate of $3 million. Revenues rose 29.4% year over year due to increased sales volume and revenue contribution from Stables by Workhorse and DaaS. Key Takeaways Cost of sales fell to $18.1 million from $21.2 million reported in the corresponding quarter of 2022 due to a reduction in disposal costs. Selling, general and administrative expenses rose to $15.1 million from $13.1 million reported in the corresponding quarter of 2022 as a result of increased legal and professional fees. Research and development expenses fell to $6.4 million from $8 million reported in the year-ago quarter, thanks to reduced consulting and prototype costs. The truck manufacturer's net loss in the fourth quarter of 2023 widened to $45.3 million from $38.7 million reported in the year-ago quarter. As of Dec 31, 2023, Workhorse had
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WKHS
News
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York PresenceGlobeNewswire
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck GroupGlobeNewswire
- Down -32.9% in 4 Weeks, Here's Why Workhorse (WKHS) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
WKHS
Earnings
- 11/14/23 - Miss
WKHS
Sec Filings
- 5/3/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- WKHS's page on the SEC website