Core Viewpoint - Workhorse Group Inc. is set to discuss its financial results for Q4 and the full year of 2024 on March 31, 2025, highlighting its focus on zero-emission commercial vehicles [1][3]. Group 1: Financial Results and Conference Call - The conference call will take place on March 31, 2025, at 10:00 a.m. Eastern time [1][2]. - Financial results will be released in a press release prior to the call [1]. - A telephonic replay of the conference call will be available after 1:00 p.m. Eastern time on the same day through April 7, 2025 [3]. Group 2: Company Overview - Workhorse Group Inc. is focused on pioneering the transition to zero-emission commercial vehicles [3]. - The company designs and builds its vehicles in the United States at the Workhorse Ranch in Union City, Indiana [3]. - Workhorse's vehicles are tailored for last-mile delivery, medium-duty operations, and a variety of specialized applications [3].

Core Viewpoint - Workhorse Group Inc. announced a 1-for-12.5 reverse stock split to increase its common stock price and regain compliance with Nasdaq's minimum bid price requirement [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every 12.5 shares of common stock into one share, effective March 17, 2025 [3]. - The reverse stock split will not change stockholders' percentage ownership interests, except for minor adjustments due to fractional shares, which will be rounded up to the nearest whole share [3][4]. - Empire Stock Transfer Inc. will act as the exchange agent and will provide stockholders with a transaction statement reflecting their new share count post-split [4]. Group 2: Compliance and Market Impact - The reverse stock split aims to help Workhorse meet Nasdaq's requirement of a closing bid price of at least $1.00 per share for ten consecutive trading days by March 31, 2025 [2]. - There is no guarantee that the reverse stock split will achieve the desired effect of increasing the stock price to comply with Nasdaq's listing requirements [2]. Group 3: Company Overview - Workhorse Group Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the U.S. for last-mile delivery and medium-duty operations [5].

Core Insights - Workhorse Group Inc. has secured a contract with the California Department of General Services (DGS) to supply electric commercial trucks, specifically the W4 CC and W56 models, to state agencies, facilitating compliance with Advanced Clean Fleet regulations [2][4] - The transition to battery-electric medium-duty trucks is aimed at reducing emissions in California, particularly in the San Joaquin Valley, which suffers from poor air quality [1][5] - The W4 CC and W56 models are designed for versatility and reliability, with the W56 offering a payload capacity of 10,000 pounds and a battery capacity of 210 kWh, making them suitable for various commercial applications [3][6] Company Overview - Workhorse Group Inc. is focused on pioneering the transition to zero-emission commercial vehicles, with its manufacturing based in the United States [9][10] - The company aims to support California's sustainability goals by providing reliable, zero-emission vehicles that meet operational needs [6] Industry Context - The California Air Resources Board (CARB) has withdrawn its request for a federal waiver regarding the Advanced Clean Fleets regulation, but state and local agencies are still required to transition to zero-emission vehicles [4] - The DGS contract simplifies the procurement process for state agencies, allowing them to acquire electric trucks more efficiently [2][4]

The Workhorse W56 and W750 all-electric step vans are now eligible for importation and sale in Canada through the Appendix G Pre-clearance Program. Transport Canada has reviewed the Company’s documentation for compliance with CMVSS, Canada’s rigorous safety standards for commercial vehicles. Strong interest from Canadian last-mile delivery fleets highlights the demand for sustainable transportation solutions, with demo trucks set to begin on-road testing no later than the second quarter of 2025. CINCINNATI, ...

CINCINNATI, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), today announced that NorthStar Courier, a FedEx Ground Contract Service Provider based in Minneapolis, Minnesota, will become the first customer to operate the new W56 208" extended wheelbase EV step van. This addition complements its existing W56 178" wheelbase truck, expanding its zero-emission delivery capabilities. The vehicle will be delivered through Workhorse certified dealer Ziegler Truc ...

The municipality will deploy two W4 CC electric work trucks for trash and recycling can switch-outs, enhancing the efficiency of its waste management services. This sale marks Workhorse's entry into the Pacific Northwest, a key region for fleet electrification, facilitated through Sourcewell and The Truck Shop. CINCINNATI, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company pioneering the transition to zero-emission commercial ...

Experience the W56 208” extended wheelbase step van at the Work Truck Week Ride & Drive, showcasing its road-tested durability. Preview the upcoming W56 140 kWh stripped chassis in Booth 4401, designed for last-mile delivery optimization and cost savings. CINCINNATI, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company pioneering the transition to zero-emission commercial vehicles, is returning to Work Truck Week® 2025 to showc ...

E-GEN vehicles recently surpassed 10 million cumulative miles, proving the platform's durability and reliability in real-world conditions. Insights and innovations from the E-GEN platform have directly shaped the development of the W56, raising the bar for durability and performance in the commercial EV market. CINCINNATI, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission ...

Workhorse Group Inc. (WKHS) reported an adjusted loss of 88 cents per share for the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 85 cents. The company had incurred an adjusted loss of $2.80 in the year-ago quarter.Workhorse generated net revenues of $2.51 million, which missed the Zacks Consensus Estimate of $6 million. Revenues fell 17.2% year over year due to the non-recurrence of a $2.3 million sales allowance obtained in the corresponding quarter of 2023.Key TakeawaysThe c ...

Workhorse Group Inc. (NASDAQ:WKHS) Q3 2024 Results Conference Call November 19, 2024 6:00 PM ET Company Participants Stan March - VP of Corporate Development and Communications Rick Dauch - Chief Executive Officer Bob Ginnan - Chief Financial Officer Operator Greetings, and welcome to the Workhorse Group Q3 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this con ...