Workhorse (WKHS) Q4 Loss Wider Than Expected, Revenues Beat
WKHSWorkhorse(WKHS) Zacks Investment Research·2024-03-13 22:05

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 4.41million,whichsurpassedtheZacksConsensusEstimateof4.41 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 Takeaways Cost of sal ...