Workhorse Q3 net loss $35.4M; revenue $1.5M; reaffirms FY22 guidance

Workhorse Group Inc.

2022-Q3 EPS reported -$0.50 revenue$1,575,652

Net loss $35.4M vs $81.1M loss a year ago; loss from operations $48.8M vs $25.5M.
Net sales $1.5M, up from negative $0.6M; cost of sales declined to $9.5M from $11.5M.
Cash $120M at Sept 30; reaffirms FY22 revenue $15-$25M and vehicle deliveries 100-200.
Built and sold 10 W4 CC vehicles in Q3, plus 13 in early Q4; W750 pilot production on track.
Recorded $20M legal settlement expense for securities class action; launched Stables & Stalls initiative.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.75

Workhorse Group Inc. reported financial results for third quarter ended September 30, 2022.

Period: third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2022.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Workhorse Group Inc. filing history →

Source: SEC EDGAR

accession 0001425287-22-000099

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.