---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-018009"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:54:42.748214+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Workhorse Q1 revenue jumps to $1.7M; net loss widens to $25M; reaffirms FY23 revenue guidance $75-125M

## Summary
- Revenue $1.7M vs $14.3K YoY; net loss $25.0M vs $22.1M YoY.
- Cash and equivalents $79.1M as of March 31, 2023.
- Reaffirms 2023 revenue guidance of $75-125M; expects production ramp to drive growth.
- W4 CC production at 16 units/week, target 25/week by Q3; W750 pilot builds complete, start of production Q2.
- Delivered 10 W4 CC trucks in Q1; additional 40 trucks from inventory being delivered under purchase order.

## SEC filing metadata
- accession: 0001628280-23-018009
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000162828023018009/0001628280-23-018009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000162828023018009/wkhs-20230515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-018009
- JSON: https://secwatch.observer/filing/0001628280-23-018009.json
- Plain text: https://secwatch.observer/filing/0001628280-23-018009.txt

## Key facts
- Earnings Releases
  Workhorse Group Inc. reported first quarter ended March 31, 2023 results: revenue $1.7 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $1.7 million
  - Result: reported results
  source text: Sales, net of returns and allowances, for the first quarter of 2023 increased to $1.7 million compared to $14.3 thousand in the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425287/000162828023018009/0001628280-23-018009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.