Workhorse Q2 net loss widens to $20.2M; revenue up to $3.6M, enters AI data center market

Workhorse Group Inc.

Q2 revenue $3.6M vs $0.8M YoY; delivered 26 vehicles vs 4.
Net loss $20.2M ($1.86/share) vs $12.8M ($1.38) YoY; operating loss $19.4M.
Cash $9.6M; drew $20M on credit facility, balance $30M; post-quarter borrowed $10M more.
Announced entry into mobile AI data center market targeting $41B by 2031; production targeted 2027.
Expects $20M annualized cost synergies by end of 2026; new CFO Jody Davis appointed.

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