secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001628280-23-018009
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000162828023018009/0001628280-23-018009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000162828023018009/wkhs-20230515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-018009

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