secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2026-08-13T20:07:45+00:00
Accession:  0001628280-26-056707
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026056707/0001628280-26-056707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000162828026056707/wkhs-20260813.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-056707

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