secwatch.observer — SEC 8-K summary
======================================

Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001425287-22-000099
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000142528722000099/0001425287-22-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000142528722000099/wkhs-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001425287-22-000099

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