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Workhorse(WKHS) - 2024 Q1 - Quarterly Results
2024-05-20 21:28
[Workhorse Group Inc. Form 8-K Filing (May 20, 2024)](index=1&type=section&id=Workhorse%20Group%20Inc.%20Form%208-K) This Form 8-K reports Workhorse Group Inc.'s first-quarter 2024 financial results and associated exhibits, filed on May 20, 2024 [Item 2.02: Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%3A%20Results%20of%20Operations%20and%20Financial%20Condition) Workhorse Group Inc. reports first-quarter 2024 financial results via a furnished press release, not a filed document - The company issued a press release on May 20, 2024, detailing its financial results for the quarter ending March 31, 2024[5](index=5&type=chunk) - The information in the press release is **furnished**, not **filed**, impacting legal liability under the Securities Exchange Act[6](index=6&type=chunk) [Item 9.01: Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%3A%20Financial%20Statements%20and%20Exhibits) This section lists all exhibits attached to the Form 8-K filing, including the financial results press release List of Exhibits | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release dated May 20, 2024 | | 104 | Cover page from this Current Report on Form 8-K, formatted as Inline XBRL |
Workhorse(WKHS) - 2024 Q1 - Quarterly Report
2024-05-20 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Nevada 26-1394771 (State or other ...
Workhorse to Showcase Industry-Leading Electric Commercial Vehicles at ACT Expo in Las Vegas
Newsfilter· 2024-05-16 20:30
CINCINNATI, May 16, 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 its upcoming participation as an exhibitor at the Advanced Clean Transportation Expo 2024 ("ACT Expo"). The annual event will be held this year from May 20-23 at the Las Vegas Convention Center in Las Vegas, Nevada. Workhorse will be located at Booth 3933, showcasing advanced ...
Workhorse to Showcase Industry-Leading Electric Commercial Vehicles at ACT Expo in Las Vegas
globenewswire.com· 2024-05-16 20:30
Core Viewpoint - Workhorse Group Inc. is actively participating in the Advanced Clean Transportation Expo 2024 to showcase its commitment to zero-emission commercial vehicles and innovative electric vehicle solutions [1][6]. Group 1: Event Participation - The Advanced Clean Transportation Expo 2024 will take place from May 20-23 at the Las Vegas Convention Center, where Workhorse will exhibit at Booth 3933 [2]. - The event serves as a platform for Workhorse to demonstrate its industry-leading commercial electric vehicles and their availability for real-world applications [6]. Group 2: Product Showcase - Workhorse will feature the W56 medium-duty refrigerated EV step van, which integrates a refrigeration system with the vehicle's high-voltage battery, eliminating the need for diesel units [3]. - The W56 step van offers a "ride and drive" experience for attendees, highlighting its operational ease, visibility, and regenerative braking system that recovers nearly 50% of energy used, achieving over 30 MPGe [4]. - Additionally, the Class 4 W4 CC chassis will be displayed, featuring a three cubic yard Rugby dump body, representing a first-of-its-kind 100% electric EV dump truck ready for market [5]. Group 3: Company Overview - Workhorse Group focuses on providing electric vehicles for last-mile delivery, including ground and air-based solutions, and develops integrated telematics systems for fleet optimization [7].
Workhorse Group Stockholders Approve Key Proposals at Annual Meeting
Newsfilter· 2024-05-14 21:00
Core Viewpoint - Workhorse Group Inc. has received approval from stockholders for key proposals at its 2024 Annual Meeting, which will support the company's strategic roadmap for commercial vehicles [1][2]. Group 1: Company Overview - Workhorse Group Inc. is focused on developing zero-emission commercial vehicles, including ground and air-based electric vehicles for last-mile delivery [3]. - The company designs and manufactures high-performance, battery-electric trucks and drones, along with cloud-based telematics systems to enhance fleet efficiency [3]. Group 2: Annual Meeting Outcomes - Stockholders re-elected members to the Board of Directors for a term expiring at the 2025 annual meeting [5]. - A reverse stock split of Workhorse's outstanding shares will be considered, with a ratio between 1-for-10 and 1-for-20, to comply with Nasdaq Listing Rules [5]. - Approval was granted for the issuance of shares underlying senior secured convertible notes and warrants to purchase common stock [5].
Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence
Newsfilter· 2024-04-24 12:30
CINCINNATI, April 24, 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 the addition of Milea Truck Sales and Leasing to its growing Certified Dealer network. With locations in the Bronx and Brooklyn, Milea Truck Sales and Leasing marks Workhorse's second dealer partner in New York state, 12th dealer nationwide, and its latest addition to the Ce ...
Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group
Newsfilter· 2024-04-10 12:30
CINCINNATI, April 10, 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 Ziegler Truck Group to its network of dealers, bringing the Company's total dealer count to 11 partners nationwide. Ziegler Truck Group has locations in Minnesota, Iowa, and Wisconsin, expanding Workhorse's dealer network across the Midwest region. With a 110-ye ...
All You Need to Know About Workhorse (WKHS) Rating Upgrade to Buy
Zacks Investment Research· 2024-03-15 17:00
Workhorse Group (WKHS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power o ...
Workhorse (WKHS) Q4 Loss Wider Than Expected, Revenues Beat
Zacks Investment Research· 2024-03-13 14:05
Workhorse Group Inc. (WKHS) reported an adjusted loss of 18 cents per share for the fourth quarter of 2023, wider than the Zacks Consensus Estimate of a loss of 11 cents. 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 TakeawaysCost of sales ...
Workhorse(WKHS) - 2023 Q4 - Earnings Call Transcript
2024-03-12 17:53
Workhorse Group Inc. (NASDAQ:WKHS) Q4 2023 Results Conference Call March 12, 2024 12:00 PM ET Company Participants Stan March - VP, Corporate Development and Communications Rick Dauch - Chief Execuitve Officer Bob Ginnan - Chief Financial Officer Conference Call Participants Sherif Elmaghrabi - BTIG Operator Ladies and gentlemen, greetings and welcome to Workhorse Group’s Fourth Quarter 2023 Investor Call. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Workho ...