Workhorse Group Inc. (WKHS)

Workhorse Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	9.1	13.09	5.02	-0.85	1.39	0.38
Revenue Growth (YoY)	-25.03%	160.69%	-	-	269.80%	-50.66%
Cost of Revenue	39.42	38.35	37.67	125.69	13.07	5.84
Gross Profit	-30.33	-25.26	-32.65	-126.54	-11.67	-5.47
Selling, General & Admin	48.11	54.67	73.22	40.16	20.16	10.2
Research & Development	14.25	24.47	23.21	11.61	9.15	8.2
Operating Expenses	62.36	79.14	96.43	51.77	29.31	18.4
Operating Income	-92.68	-104.4	-129.08	-178.31	-40.98	-23.87
Interest Expense	-15.11	-	-0.3	-6.74	-12.53	-6.6
Interest & Investment Income	0.2	1.67	-	-	-	-
Other Non Operating Income (Expenses)	-17.49	-10.4	12.11	-7.32	-168.53	-4.28
EBT Excluding Unusual Items	-125.08	-113.13	-117.27	-192.37	-222.04	-34.74
Gain (Loss) on Sale of Investments	-	-10	-	-225.43	318.36	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	3.66
Asset Writedown	-0.9	-0.9	-	-6.8	-	-
Other Unusual Items	-	-	-	1.41	-4.71	-6.08
Pretax Income	-125.98	-124.03	-117.27	-423.19	91.61	-37.16
Income Tax Expense	-0.11	-0.11	-	-21.85	21.83	-
Net Income	-125.87	-123.92	-117.27	-401.34	69.78	-37.16
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.09
Net Income to Common	-125.87	-123.92	-117.27	-401.34	69.78	-37.25
Shares Outstanding (Basic)	1	1	1	1	0	0
Shares Outstanding (Diluted)	1	1	1	1	0	0
Shares Change (YoY)	98.39%	30.72%	23.24%	28.74%	55.41%	27.66%
EPS (Basic)	-86.65	-149.45	-184.89	-779.76	187.83	-144.79
EPS (Diluted)	-86.65	-149.45	-184.89	-780.00	175.00	-145.00
Free Cash Flow	-73.78	-141.71	-111.32	-137.89	-76.01	-38.87
Free Cash Flow Per Share	-50.79	-170.91	-175.49	-267.90	-190.11	-151.10
Gross Margin	-	-192.87%	-	-	-	-
Operating Margin	-1018.74%	-797.25%	-2569.80%	-	-2942.95%	-6338.12%
Profit Margin	-1383.50%	-946.33%	-2334.71%	-	5010.81%	-9891.87%
Free Cash Flow Margin	-810.98%	-1082.20%	-2216.08%	-	-5458.24%	-10322.92%
EBITDA	-85.13	-100.34	-127.14	-176.4	-40.17	-23.48
D&A For EBITDA	7.55	4.06	1.95	1.91	0.81	0.39
EBIT	-92.68	-104.4	-129.08	-178.31	-40.98	-23.87
Effective Tax Rate	-	-	-	-	23.83%	-
Advertising Expenses	-	1.2	1	-	-	-

Updated Nov 19, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q