Workhorse Group Inc (WKHS) Q3 2024 Earnings Call Highlights: Strategic Partnerships and Cost ... [Yahoo! Finance]
Workhorse Group, Inc. (WKHS)
NASDAQ:AMEX Investor Relations:
workhorse.com/investors
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Source: Yahoo! Finance
Workhorse Group Inc ( NASDAQ:WKHS ) secured a three-year master framework agreement with FedEx, marking a significant milestone for the company. The company has been awarded a GSA contract, facilitating streamlined procurement processes for federal government agencies. Workhorse Group Inc ( NASDAQ:WKHS ) has expanded its product line with six products currently in production and four new models planned for next year. The company has achieved a reduction in operating expenses, with a 50% reduction in staff and a decrease in cash burn rate to about $3.5 million per month. Workhorse Group Inc ( NASDAQ:WKHS ) has seen increased interest and quoting activity from government-funded fleet opportunities and other major last-mile fleets. Sales for the third quarter decreased compared to the same period last year, primarily due to the non-recurrence of a sales allowance reversal. The company recorded a net loss of $25.1 million for the quarter, although this was an improvement from
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WKHS
News
- Workhorse Q3 Earnings Miss Estimates, Revenues Decline Y/Y [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Inc. (NASDAQ: WKHS) had its price target raised by analysts at TD Cowen from $0.25 to $1.25. They now have a "hold" rating on the stock.MarketBeat
- Workhorse Group GAAP EPS of -$0.98 misses by $0.15, revenue of $2.51M misses by $2.17M [Seeking Alpha]Seeking Alpha
- Workhorse Group (WKHS) Reports Q3 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Reports Third Quarter 2024 ResultsGlobeNewswire
WKHS
Earnings
- 11/19/24 - Miss
WKHS
Sec Filings
- 11/19/24 - Form 10-Q
- 11/19/24 - Form 8-K
- 11/19/24 - Form 8-K
- WKHS's page on the SEC website