secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001213900-24-100222
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse reports Q3 net loss of $25.1M; revenue down to $2.5M; FedEx deal progress
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- Revenue $2.5M vs $3.0M YoY, decrease due to non-recurrence of $2.3M sales allowance reversal.
- Net loss improved to $25.1M from $30.6M; cost reductions in SG&A and R&D.
- Cash $3.2M; net interest expense $8.3M from fair value loss on note conversions.
- Signed three-year Master Framework Agreement with FedEx; 15 W56 step vans delivered, 7 more orders.
- Awarded GSA contract; W56 step van certified for FMVSS and HVIP; extended wheelbase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024100222/0001213900-24-100222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024100222/ea0221753-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-100222

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer