Welcome to our dedicated page for Workhorse Group news (Ticker: WKHS), a resource for investors and traders seeking the latest updates and insights on Workhorse Group stock.
Workhorse Group Inc. (WKHS) delivers innovative electric commercial vehicles and drone-integrated logistics solutions for sustainable transportation. This news hub provides investors and industry professionals with essential updates on company developments, financial milestones, and technological advancements.
Access official press releases and curated news coverage spanning product launches, regulatory filings, partnership announcements, and operational updates. Our repository tracks key areas including vehicle production milestones, fleet deployments, technology patents, and corporate governance matters.
Discover timely information on earnings reports, SEC filings, and strategic initiatives that shape Workhorse's position in the zero-emission transportation sector. The collection serves as a decision-making resource for tracking manufacturing expansions, supply chain developments, and market expansion efforts.
Bookmark this page for structured access to Workhorse's evolving story in commercial EV innovation. Verify critical updates through primary sources linked within each entry, and revisit regularly to maintain current awareness of company progress.
Workhorse Group (WKHS) announces a conference call on March 1, 2023, at 10:00 a.m. Eastern Time to discuss its financial results for Q4 and the full year ending December 31, 2022. The call will include a presentation by management followed by a Q&A session. Interested participants can join via U.S. dial-in at 877-407-8289 or international at 201-689-8341. A live stream and a replay will be available on the company's website after the call. This event highlights Workhorse's commitment to transparency and investor engagement in the electric vehicle sector.
Workhorse Group Inc. (Nasdaq: WKHS) announced a strategic shift by discontinuing the C1000 program to focus on the W4 CC, W750, and W56 vehicles. This decision will result in a non-cash inventory write-off of approximately $10 million. The company has also concluded an investigation by the SEC without enforcement action. Additionally, shipments of the W4 CC vehicles are underway, with production and deliveries expected to ramp up significantly in 2023, aiming for revenue between $5 million and $15 million for 2022 and considerable growth in 2023.
Workhorse Group Inc. (Nasdaq: WKHS) is hosting an Analyst Day at its Indiana manufacturing facility, highlighting progress in its operational foundation and product roadmap. Management has revamped leadership, advanced its product strategies, and strengthened its financial position. Key initiatives include launching the W4 CC platform, initiating pilot production of W750 vans, and enhancing aerospace capabilities with the Horsefly drone. The company aims to deliver 25-100 vehicles in 2022, generating $5 to $15 million in revenue despite facing port delays affecting shipments.
Workhorse Group (Nasdaq: WKHS) will host its Analyst Day on December 7, 2022, starting at 9:00 a.m. ET at Workhorse Ranch in Union City, IN. The event will include a live webcast and an accompanying slide presentation accessible on the Investor Relations section of Workhorse's website. Attendees will hear from the executive team on product updates and future strategies, and in-person guests can tour the new electric trucks, vans, and drones. Invitations for in-person attendance are limited and available upon inquiry.
Workhorse Group Inc. (WKHS) reported Q3 2022 results, showcasing a net sales increase to $1.5 million and a significant decrease in net loss to $35.4 million compared to $81.1 million last year. Key highlights include the initial production of Class 4 vehicles and the launch of the 'Stables & Stalls' platform aimed at supporting small fleet operators transitioning to electric vehicles. The company reaffirms its revenue guidance for 2022, expecting $15-25 million. Management emphasizes strategic investments and progress in both commercial vehicle and aerospace sectors.
Workhorse Group (WKHS) will hold a conference call on November 8, 2022, at 10:00 a.m. ET to discuss its financial results for Q3 2022, ending September 30. The results will be released before the call. Management will present the results, followed by a Q&A session. Participants should dial in 10 minutes prior to the call. A replay will be available after 1:00 p.m. ET on the same day and can be accessed until November 15. Workhorse is focused on developing drone-integrated electric vehicles for last-mile delivery.
Workhorse Group Inc. (WKHS) reported Q2 2022 results, revealing net sales of only $12.6K, down from $1.2M YoY, primarily due to decreased vehicle sales. However, cost of sales significantly decreased to $3.0M. SG&A expenses rose to $13.0M, driven by increased employee compensation. R&D expenses doubled YoY to $5.0M. The company maintains a cash reserve of $140.1M. Workhorse anticipates manufacturing and selling 150-250 vehicles in 2022, projecting revenue of $15-25M. The CEO emphasized ongoing strategic initiatives and partnerships to enhance future deliveries.
GreenPower Motor Company (NASDAQ: GP) has announced the initial delivery of EV Star Cab and Chassis (EV Star CC) to Workhorse Group Inc. (NASDAQ: WKHS) for the production of the Class 4 W750 step van line. This follows a multi-year supply agreement established on March 1, 2022, under which GreenPower is set to deliver 1,500 units by March 2024. The W750 will feature a 150-mile electric range and a 5,000 lbs payload capacity. GreenPower aims to scale deliveries rapidly to meet Workhorse's production needs.
Workhorse Group Inc. (WKHS) will hold a conference call on August 9, 2022, at 10:00 AM ET to discuss its second-quarter financial results ending June 30, 2022. The call will include management presentations followed by a Q&A session. Interested parties can join by dialing in 10 minutes before the call, and a replay will be available after 1:00 PM ET on the same day.
This event aims to outline the company's plans and financial outlook as it focuses on innovative electric vehicles and drone technology in the last-mile delivery sector.
Workhorse Group (Nasdaq: WKHS) has finalized a purchase order for 10 battery electric vehicles from Amerit Fleet Solutions to enhance their EVolution Mobile Service Centers in California. These electric vehicles support zero emissions and are designed for maintenance and repairs of both electric and ICE vehicles. The EVolution MSC can also assist with downed EVs, providing emergency charging. Amerit's CEO emphasized the commitment to electric vehicle support, while Workhorse's CEO expressed pride in their partnership. Both companies will showcase their innovations at the ACT Expo in Long Beach, CA from May 9-12, 2022.
