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]

Core Points - Workhorse Group Inc. has received approval for its W56 and W750 all-electric step vans for importation and sale in Canada through the Appendix G Pre-clearance Program [2][3] - Transport Canada has validated the compliance of Workhorse's vehicles with Canadian Motor Vehicle Safety Standards (CMVSS) [2][3] - The approval allows Workhorse to expand its distribution and service network in Canada, aligning with the country's commitment to net-zero emissions and clean transportation solutions [3][4] Company Developments - Workhorse is preparing for on-road testing of demo trucks with Canadian last-mile delivery fleets, set to begin no later than the second quarter of 2025 [3][4] - The company has seen strong interest from Canadian fleets looking to incorporate medium-duty commercial electric vehicles into their operations [4] - Workhorse is actively exploring opportunities to expand its dealer network in Canada to better serve customers [4] Industry Context - The demand for sustainable transportation solutions is highlighted by the interest from Canadian last-mile delivery fleets [3] - Workhorse's electric step vans are positioned to support businesses transitioning to zero-emission fleets, in line with Canada's environmental goals [3]

Core Viewpoint - Workhorse Group Inc. has announced that NorthStar Courier will be the first customer to operate the new W56 208" extended wheelbase electric vehicle (EV) step van, enhancing its zero-emission delivery capabilities [1][5] Company Developments - The W56 extended wheelbase version offers nearly 1,200 cubic feet of cargo capacity, making it suitable for high-volume delivery needs [2] - NorthStar Courier's decision to expand its EV fleet with the W56 208" reflects its satisfaction with the initial W56 EV step van, which performed well during the 2024 holiday peak delivery season [3] - The W56 is manufactured at Workhorse Ranch in Union City, Indiana, and is designed for last-mile delivery with a focus on efficiency and performance [5] Industry Context - NorthStar Courier's purchase is supported by Minnesota state grants aimed at accelerating fleet electrification, which helps replace older fossil fuel-powered vehicles with all-electric models [4] - The adoption of commercial EVs in Minnesota is gaining momentum, supported by funding from the Minnesota Pollution Control Agency [4] Future Events - Workhorse will showcase the W56 step van with 208" extended wheelbase at Work Truck Week® 2025 in Indianapolis, providing attendees with a Ride & Drive experience [6]

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 ...

Core Insights - Workhorse Group Inc. is showcasing its expanding W56 electric vehicle platform at Work Truck Week 2025, emphasizing its commitment to zero-emission commercial vehicles [2][6] - The event will take place from March 4–7, 2025, at the Indiana Convention Center, featuring various activities including the Work Truck Show and educational sessions [3] Company Developments - The W56 208" extended wheelbase step van has undergone durability testing equivalent to over 250,000 highway miles, designed for high cargo capacity with 1,200 cubic feet of space [4] - A new 140 kWh version of the W56 chassis is being previewed, aimed at fleet operators with shorter-range needs, offering an estimated range of 100 miles and cost savings compared to the 210 kWh version [5] - Workhorse is accepting orders for the 140 kWh W56 stripped chassis through its certified dealer network, with deliveries expected in 2026 [5] Industry Context - Workhorse emphasizes its role in the transition to electric vehicles, highlighting the 10 million real-world miles logged by its vehicles as a testament to their reliability [6] - The company focuses on manufacturing its Class 5-6 step vans in-house, contributing to advanced manufacturing jobs in the Midwest [6] - Workhorse aims to optimize energy and route efficiency through its integrated cloud-based telematics performance monitoring systems [9]

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 (WKHS) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.85. This compares to loss of $2.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.53%. A quarter ago, it was expected that this truck and drone manufacturer would post a loss of $1.40 per share when it actually produced a loss of $1.40, delivering no surprise.Over the last four quarters, the company ...