Workhorse Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018 - 2008
Revenue	12.74	13.09	5.02	-0.85	1.39	0.38	Upgrade
Revenue Growth (YoY)	90.10%	160.69%	-	-	269.80%	-50.66%	Upgrade
Cost of Revenue	40.47	38.35	37.67	132.49	13.07	5.84	Upgrade
Gross Profit	-27.72	-25.26	-32.65	-133.34	-11.67	-5.47	Upgrade
Selling, General & Admin	54.98	55.57	73.22	40.16	20.16	10.2	Upgrade
Research & Development	20.77	24.47	23.21	11.61	9.15	8.2	Upgrade
Operating Expenses	75.75	80.04	96.43	51.77	29.31	18.4	Upgrade
Operating Income	-103.48	-105.3	-129.08	-185.11	-40.98	-23.87	Upgrade
Interest Expense / Income	14.71	8.73	1.84	12.64	190.52	29.15	Upgrade
Other Expense / Income	10	10	-13.65	225.43	-323.11	-15.85	Upgrade
Pretax Income	-128.19	-124.03	-117.27	-423.19	91.61	-37.16	Upgrade
Income Tax	-0.11	-0.11	0	-21.85	21.83	0	Upgrade
Net Income	-128.08	-123.92	-117.27	-401.34	69.78	-37.16	Upgrade
Shares Outstanding (Basic)	15	10	8	6	5	3	Upgrade
Shares Outstanding (Diluted)	15	10	8	6	5	3	Upgrade
Shares Change	81.05%	30.72%	23.24%	28.74%	55.41%	27.66%	Upgrade
EPS (Basic)	-11.00	-12.00	-14.80	-62.40	15.00	-11.60	Upgrade
EPS (Diluted)	-11.00	-12.00	-14.80	-62.40	14.00	-11.60	Upgrade
Free Cash Flow	-124.55	-141.71	-108.84	-137.89	-76.01	-38.87	Upgrade
Free Cash Flow Per Share	-8.23	-13.67	-13.73	-21.43	-16.37	-12.09	Upgrade
Gross Margin	-217.61%	-192.87%	-649.99%	-	-838.38%	-1452.17%	Upgrade
Operating Margin	-812.17%	-804.13%	-2569.80%	-	-2942.95%	-6338.12%	Upgrade
Profit Margin	-1005.26%	-946.33%	-2334.71%	-	5010.81%	-9868.98%	Upgrade
Free Cash Flow Margin	-977.56%	-1082.20%	-2166.77%	-	-5458.24%	-10322.91%	Upgrade
Effective Tax Rate	-	-	-	-	23.83%	-	Upgrade
EBITDA	-106.59	-109.73	-112.4	-408.64	282.94	-7.63	Upgrade
EBITDA Margin	-836.58%	-837.96%	-2237.65%	-	20318.60%	-2025.89%	Upgrade
Depreciation & Amortization	6.89	5.57	3.04	1.91	0.81	0.39	Upgrade
EBIT	-113.48	-115.3	-115.44	-410.55	282.13	-8.02	Upgrade
EBIT Margin	-890.66%	-880.49%	-2298.12%	-	20260.46%	-2129.04%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).