secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001213900-25-108335
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse Q3 revenue $2.4M, operating loss widens; merger with Motiv vote Nov 12
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- Q3 revenue $2.4M vs $2.5M YoY; cost of sales $10.1M includes $3.3M inventory obsolescence charge.
- Operating expenses down $1.2M YoY in Q3; YTD op ex decreased $17.5M vs prior year.
- Sold 15 trucks in Q3; 42 W56 vehicles in customer fleets with 97% uptime in last-mile ops.
- Merger with Motiv on track; shareholder vote Nov 12, expected close Q4 2025.
- Cash $12.7M plus $25.5M restricted; up to $20M in new debt financing from Motiv investor at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025108335/0001213900-25-108335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025108335/ea0264816-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-108335

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