Workhorse files amended 8-K with Motiv Power Systems audited restated financials; going concern noted

Workhorse Group Inc.

Motiv Power Systems net loss of $51.6M for 2024, revenues $7.0M vs $16.9M in 2023 (down 58%).
Accumulated deficit of $254.9M; $38.2M cash used in operations during 2024; $6.6M cash at year-end.
Auditors express substantial doubt about Motiv's ability to continue as a going concern.
Restatement corrects per-share data for reverse stock split and preferred conversion; net loss unchanged.
2023 net loss restated at $57.4M (attributable to common); $51.6M in 2024.

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