secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2026-05-14T20:09:47+00:00
Accession:  0001628280-26-035102
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse Q1 revenue $4.3M, 21 vehicles delivered; net loss widens to $19.9M
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- Revenue $4.3M vs $1.1M YoY; delivered 21 vehicles vs 5 in Q1 2025.
- Net loss $19.9M ($1.99/share) vs $12.7M ($1.36/share) in prior year.
- Operating loss $21.1M vs $9.1M; gross loss $7.5M on higher volume.
- 100-vehicle W56 order from Gateway Fleets; deliveries start July 2026; backlog 200+ vehicles.
- Targeting $20M annualized cost synergy run rate by end of 2026; facility consolidation done.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026035102/0001628280-26-035102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026035102/wkhs-20260514.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-035102

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