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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Workhorse Group

Workhorse Group, Inc. is a technology company, which engages in the provision of sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The firm also creates all-electric delivery trucks and drone systems. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.

Earnings data Q4 2020

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Workhorse Group advances product roadmap and optimizes financial strategies

Workhorse Group showcased progress in product development, market expansion, and financial management in Q1 2024, despite facing challenges in sales and cost management.
The company's strategic focus on operational efficiency, cost reduction, and liquidity management positions it well to navigate current market dynamics and capitalize on growth opportunities.
By addressing challenges, leveraging strengths, and exploring opportunities, Workhorse aims to enhance its market position, drive revenue growth, and ensure long-term sustainability.

Workhorse Group reduces expenses, eyes growth in competitive EV market

Workhorse Group demonstrated resilience in Q2 by reducing expenses and cash burn rate while focusing on strategic collaborations and product development.
Challenges in the EV market were addressed through cost reductions and actions to secure new orders and deliver products.
Opportunities for growth include leveraging partnerships, extending the financial runway, and positioning as a leader in the competitive EV market.
The company's proactive approach and commitment to long-term success position it well to navigate market challenges and capitalize on opportunities.

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Workhorse Group, Inc. is a technology company, which provides sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The company was founded by Stephen S. Burns on February 20, 2007, and is headquartered in Sharonville, OH.

New Purchase Orders for W56 : Recent orders for seven W56 electric step vans for immediate delivery upon completion of upfit.

Workhorse Secures Multiple Orders for W56 Electric Step Vans in Parcel Delivery Market as Fleet Demand Increases

CINCINNATI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will hold a conference call on Thursday, November 14th at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2024 as well as the Company's plans and outlook. Financial results will be issued in a press release prior to the call.

Workhorse Group Sets Third Quarter 2024 Earnings Call for Thursday, November 14, 2024 at 10:00 a.m. ET

Siemens AG

Electric vehicle (EV) startup standardizes on Teamcenter X and NX to reduce IT overhead, enhance accessibility across development teams and supply chain PLANO, Texas , Oct. 22, 2024 /PRNewswire/ -- Siemens Digital Industries Software announced today that Workhorse Group Inc. (Workhorse), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, has adopted the Siemens Xcelerator portfolio of industrial software, enabling the company to streamline activities across its development teams and supply chain as it builds electric trucks for sustainable last mile delivery.   Workhorse Group launched its lineup of medium-duty electric work trucks with the help of Teamcenter® X software for cloud-based Product Lifecycle Management (PLM) and NX™ software for vehicle product engineering and manufacturing.

Workhorse Group standardizes on Siemens Xcelerator as a Service for sustainable last mile delivery electric trucks

The W56 208-inch extended wheelbase model has completed the certification process for FMVSS and received HVIP certification for safety and environmental compliance.

Workhorse W56 Extended Wheelbase Model Achieves FMVSS and HVIP Certification, Now in Full Production for Q4 2024 Deliveries

Electric step van successfully travels from Cincinnati to Orlando over three days for FedEx Forward Service Provider Summit

Workhorse W56 Completes 1,000-Mile Drive, Showcasing Unmatched Reliability, Durability and Real-World Performance

CINCINNATI, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced its participation as a Presidential Exhibitor at the 2024 FedEx Forward Service Provider Summit, taking place in Orlando, Florida, from October 1-4, 2024.

Workhorse Joins FedEx Forward Service Provider Summit as Presidential Exhibitor, Showcasing W56 Electric Vehicle

WKHS gets a purchase order for 15 W56 step vans from FedEx, following a successful test where the W56 meets FedEx's operational requirements.

Workhorse Receives Purchase Order for W56 Step Vans From FedEx

CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that FedEx (NYSE: FDX) has issued a purchase order for 15 W56 step vans to be delivered in 2024. This milestone order follows a successful demonstration in which the Workhorse W56 step van met FedEx operation duty cycle requirements.

FedEx Places First Order for 15 Workhorse W56 Step Vans to Grow Zero-Tailpipe Emission Fleet

Workhorse (WKHS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Workhorse (WKHS) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Workhorse Group Inc. (NASDAQ:WKHS ) Q2 2024 Earnings Conference Call August 20, 2024 11:00 AM ET Company Participants Stan March - VP of Corporate Development and Communications Rick Dauch - Chief Executive Officer Bob Ginnan - Chief Financial Officer Conference Call Participants Craig Irwin - ROTH Capital Partners Mike Shlisky - D.A. Davidson Operator Greetings, and welcome to the Workhorse Group Q2 2024 Earnings Conference Call and Webcast.

Workhorse Group Inc. (WKHS) Q2 2024 Earnings Call Transcript

Workhorse Group (WKHS) came out with a quarterly loss of $1.40 per share in line with the Zacks Consensus Estimate. This compares to loss of $2.40 per share a year ago.

Workhorse Group (WKHS) Reports Q2 Loss, Lags Revenue Estimates

CINCINNATI, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the second quarter ended June 30, 2024.

Workhorse Group Reports Second Quarter 2024 Results

CINCINNATI, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles today announced that it has rescheduled its earnings call, which will now be held on Tuesday, August 20th at 11:00 a.m. Eastern time (8:00 a.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2024 as well as the Company's plans and outlook.

Workhorse Reschedules Second Quarter 2024 Earnings Call to August 20, 2024 at 11:00 AM ET

CINCINNATI, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will hold a conference call on Wednesday, August 14th at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2024 as well as the Company's plans and outlook. Financial results will be issued in a press release prior to the call.

Workhorse Group Sets Second Quarter 2024 Earnings Call for Wednesday, August 14, 2024 at 10:00 a.m. ET

CINCINNATI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the first delivery of its W56 step van as part of an ongoing collaboration with NorCal Transports Inc. (“NorCal”), a last-mile package delivery contractor in Richmond, California. The delivery, facilitated through Workhorse's Certified Dealer, Kingsburg Truck Sales , provides a significant opportunity to showcase the W56's outstanding real-world performance in the last-mile package delivery sector.

California Last-Mile Delivery Contractor Adds Workhorse W56 Step Van to Fleet

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3 Stocks to Sell That Have Underperformed the Russell 2000 This Year

CINCINNATI, July 24, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc.  (Nasdaq:  WKHS ) (“Workhorse” or “the Company”) an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced its participation in the upcoming Zero-Emissions Showcase + Ride & Drive, hosted by the California Air Resources Board (CARB) and CALSTART. The event will take place on August 14, 2024, from 9:00 AM to 4:00 PM at the Oakland Arena in Oakland, California. Registration for the event is free.

Workhorse to Participate in Zero-Emissions Showcase + Ride & Drive Presented by CARB and CALSTART

CINCINNATI, July 18, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc.  (Nasdaq:  WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced McAbee Trucking, Inc., a pioneer in the operation of alternative fuel trucks on Star Carrier Mail Contractor Routes, has taken a step forward in sustainable transportation by acquiring a new all-electric W4 CC box truck from Workhorse. This purchase marks McAbee Trucking's first addition of an electric vehicle to their fleet, following a successful demonstration period that showcased the capabilities and benefits of Workhorse's W4 CC. The decision to acquire a W4 CC was driven by the impressive performance observed during the demo, validating the reliability and efficiency of the Workhorse electric trucks in real-world operations.

McAbee Trucking Acquires Workhorse's W4 CC to Transport U.S. Mail

Workhorse (NASDAQ: WKHS ) stock is up more than 25% today after the commercial electric vehicle (EV) company announced that it had been awarded a procurement contract from government agency Sourcewell for Class 4-8 chassis and cabs and related equipment and service. “Sourcewell is dedicated to streamlining the procurement process and combines the purchasing power of numerous agencies into a single cooperative group,” said Workhorse.

WKHS Stock Alert: Workhorse Pops on EV Contract

CINCINNATI, July 16, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc.  (Nasdaq:  WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that it has been awarded a Sourcewell contract for procurement in the category of Class 4-8 chassis and cabs with related equipment, accessories, and services. This significant achievement allows Workhorse to expand its reach to government, educational, and nonprofit sectors within all 50 states and Canada.

Workhorse Awarded Sourcewell Contract for Zero-Emission Commercial Vehicles

CINCINNATI, July 10, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc.  (Nasdaq:  WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the release of its latest innovation, the W56 with a 208-inch wheelbase. This extended wheelbase version of the W56 is designed to accommodate Workhorse's next-generation step van body, spanning 22 feet with an impressive cargo volume of 1,200 cubic feet.

Workhorse Introduces the W56 Extended Wheelbase Version

CINCINNATI, July 03, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc.  (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the receipt of a formal notification from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum bid price of $1.00 per share, as required by Listing Rule 5550(a)(2).

Workhorse Group Regains Compliance with Nasdaq's Continued Listing Requirements

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The stock market has been roaring higher since 2023. The S&P 500 and the Nasdaq remain elevated as the Magnificent Seven stocks propel these indices to all-time highs.

3 Growth Stocks to Sell in July Before They Crash & Burn

CINCINNATI, July 01, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc.  (Nasdaq:  WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that its W750 medium-duty EV will be showcased by Electric Commercial Vehicles (ECV), a Workhorse Certified Dealer, at the 14th Annual Clean Energy Roadshow. The event, which is hosted by Georgia's Public Service Commissioner Tim Echols and is recognized as state's largest showcase for alternative fuel fleet vehicles, will feature the W750 at three key locations: Riverside Epicenter in Austell on July 9, Savoy Automotive Museum in Cartersville on July 10, and Gwinnett Technical College North Fulton Campus in Alpharetta on July 11.

Workhorse W750 to be Showcased at the Georgia Clean Energy Roadshow by Electric Commercial Vehicles

CINCINNATI, June 27, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc.  (Nasdaq:  WKHS ) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, announced a new upfit program in partnership with Surefitters, a leader in truck and van upfitting based in Rosemount, MN. Through this partnership, Workhorse will offer a range of upfit options for its medium-duty commercial EVs.

News for Workhorse Group Stock (WKHS)