UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 20, 2024 WORKHORSE GROUP INC. (Exact name of registrant as specified in its charter) Nevada 001-37673 26-1394771 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3600 Park 42 Drive, Suite 160E, Sharonville, Ohio 45241 (Address of prin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 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 ...

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 ...

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 ...

CINCINNATI, May 14, 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 that at its 2024 Annual Meeting of Stockholders (the "Annual Meeting"), Workhorse stockholders voted to approve key proposals that enable the Company to continue executing its strategic commercial vehicle product roadmap. At the Annual Meeting, stockholders approved, among othe ...

Workhorse Group Inc. - Workhorse Group Inc.宣布将Milea Truck Sales and Leasing纳入其认证经销商网络[1] - Milea Truck Sales and Leasing将提供Workhorse的全新电动商用车系列[2] - Workhorse CEO Rick Dauch表示在纽约增加第二家经销商有助于扩大车辆销售[3] - Workhorse建立了全面的培训计划，以确保经销商能够安全地维护和维修车辆[4]

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 ...

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 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 ...

财务数据和关键指标变化 - 2023年全年销售额增加至13.1亿美元,较2022年的5亿美元增加了8.1亿美元,主要来自W4CC、W750和W56新车型以及Stables和无人机业务的销售增长 [42] - 2023年全年成本of销售增加至38.4亿美元,较2022年的37.7亿美元增加了0.7亿美元,主要是由于新车型生产和人员成本增加,部分被存货减值减少所抵消 [43] - 2023年全年销售、一般及管理费用下降至55.6亿美元,较2022年的73.2亿美元下降了17.6亿美元,主要是由于法律费用和诉讼费用的大幅下降 [44] - 2023年全年研发费用增加至24.5亿美元,较2022年的23.2亿美元增加了1.3亿美元,主要是人员成本和新产品开发费用增加 [45] - 2023年全年净亏损124.6亿美元,较2022年的117.3亿美元增加 [50] 各条业务线数据和关键指标变化 - W4CC和W750车型产能已稳定,暂时停产以将产能转移至W56车型的产能提升 [22][24] - W56步van车型已获得HVIP认证,并接到首批215辆订单,计划在2024年交付 [25][29] - Stables业务2023年Q4收入同比增长90%,并新增20%的FedEx配送路线 [35][36] - 无人机业务已停止自主研发和制造,转向无人机服务模式,并获得政府机构的新增合同和补助 [37][38][39] 各个市场数据和关键指标变化 - 行业普遍对电动商用车的过渡持谨慎态度,担心CARB法规执行时间表的不确定性 [14][15] - 公司正在加快在加州等CARB法规实施地区的经销商网络建设,目标在2024年底达到15-20家经销商 [32][33] 公司战略和发展方向及行业竞争 - 公司正在采取成本控制措施,包括裁员、推迟高管薪酬和停止无人机业务,以确保有足够的财务资源执行业务计划 [11][37] - 公司有信心凭借W56等新车型和完善的销售网络在Class 4-6商用车电动化转型中脱颖而出 [16][57][59] - 公司认为行业电动化转型的速度难以预测,但已做好各方面准备,等待大型车队客户开始大规模采购电动车 [57][58] 管理层对经营环境和未来前景的评论 - 管理层对公司在2023年克服各种挑战并取得进展感到自豪,并对未来前景保持乐观 [13][59] - 管理层认为公司已具备成为Class 4-6商用车电动化领域领导者的基础,但需要客户开始大规模采购电动车 [56][57][58][59] - 管理层表示将继续关注提高运营效率和成本控制,同时评估进一步加强财务状况的机会 [54] 问答环节重要的提问和回答 问题1 **Sherif Elmaghrabi 提问** 如何在W56、W750和W4CC车型之间分配产能? [64] **Rick Dauch 回答** 公司有三条独立的生产线,分别用于W56、W4CC和W750车型,每条线的产能都在5,000辆/年左右,可以独立运转。公司会根据订单情况调整各产线的产能 [65] 问题2 **Sherif Elmaghrabi 提问** 对于CARB法规的执行和修订,公司了解到什么信息? [66] **Rick Dauch 回答** 公司听到了加州卡车协会对CARB法规提出异议,但CARB表示会坚持今年实施。公司无法确定具体时间表,但了解到很多加州车队已做好应对准备,这将带来大量需求,公司希望能成为其中的供应商之一 [67]