Workhorse (WKHS) Q4 Loss Wider Than Expected, Revenues Beat

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 ...