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. “We are also reducing headcount significantly across the rest of our organization.”Workhorse disclosed that it was currently in the process of enac ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -63.64%. A quarter ago, it was expected that this truck and drone manufacturer would post a loss of $0.12 per share when it actually produced a loss of $0.14, delivering a surprise of -16.67%.Over the last four quarters, t ...

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. Management Commentary "Over the past year, we have advanced our product roadmap and navigated challenges that slowed, but never stopped, our progress," said Workhorse CEO Rick Dauch. "Among the hig ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 001-37673 WORKHORSE GROUP INC. (Exact name of registrant as specified in its charter) Nevada 26-1394771 (State or other jurisdi ...

WORKHORSE® Workhorse Group Reports Fourth Quarter and Full Year 2023 Results CINCINNATI, March 12, 2024 - 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. Management Commentary "Over the past year, we have advanced our product roadmap and navigated challenges that slowed, but never stopped, ...

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 releas ...

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 indust ...

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 Workhor ...

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. The W56 provides a unique blend of high reliability, quality ...

Electric vehicle (EV) company Workhorse Group Inc. (WKHS) announced that its W56 electric vehicle has been approved by the California Air Resources Board for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). This program isaimed at reducing cost barriers for EV ownership in California and promoting the state's transition to zero emissions.The HVIP incentive program offers a base voucher of $85,000 per W56 to reduce EV ownership costs in California. W56, a Class 5/6 chassis platfor ...