Workhorse Q4 net loss narrows to $38.7M; guides 2023 revenue $75M-$125M

Workhorse Group Inc.

2022-FY EPS reported -$0.74 revenue$5,023,072

Q4 2022 revenue $3.4M vs ($2.0M) prior year; net loss $38.7M vs $156.1M.
Full year 2022 revenue $5.0M, net loss $117.3M vs $401.3M; cash $99.3M.
2023 revenue guidance $75M-$125M; plans to ramp W4 CC, W750, W56 production.
Discontinued C1000 program; resolved securities class action and SEC investigation with no enforcement.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Workhorse Group Inc. reported the fourth quarter ended December 31, 2022 results: revenue $3.4 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $3.4 million
Result: reported results

Exact text from the filing

Sales, net of returns and allowances, for the fourth quarter of 2022 were $3.4 million compared to $(2.0) million in the same period last year.

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Workhorse Group Inc. filing history →

Source: SEC EDGAR

accession 0001425287-23-000053

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