Workhorse Q3 Earnings Miss Estimates, Revenues Decline Y/Y [Yahoo! Finance]
Workhorse Group, Inc. (WKHS)
NASDAQ:AMEX Investor Relations:
workhorse.com/investors
Company Research
Source: Yahoo! Finance
The company had incurred an adjusted loss of $2.80 in the year-ago quarter. Workhorse generated net revenues of $2.51 million, which missed the Zacks Consensus Estimate of $6 million. Revenues fell 17.2% year over year due to the non-recurrence of a $2.3 million sales allowance obtained in the corresponding quarter of 2023. The cost of sales rose to $6.64 million from $26.56 million reported in the corresponding quarter of 2023 due to lower inventory reserves. Selling, general and administrative expenses fell to $7.72 million from $11.76 million reported in the corresponding quarter of 2023 as a result of a decline in employee compensation and associated expenses. Research and development expenses fell to $2.31 million from $5.77 million reported in the year-ago quarter, thanks to a decline in employee compensation and associated expenses. The truck manufacturer's net loss in the third quarter of 2024 narrowed to $25.14 million from $30.65 million reported in the year-ago qu
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WKHS
News
- 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 Inc (WKHS) Q3 2024 Earnings Call Highlights: Strategic Partnerships and Cost ... [Yahoo! Finance]Yahoo! Finance
- 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