WKHS Q1 2023 Earnings — Workhorse Group Inc. Revenue & Financial Results | Market Cap Arena

WKHSWorkhorse Group Inc.

$2M

Q1 2023 Earnings

Consumer Cyclical Auto - Manufacturers

Income Statement

Revenue

$2M+11742.9% YoY

Gross Profit

-$4M-214.6% margin

Operating Income

-$26M-1508.7% margin

Net Income

-$25M-1476.2% margin

EPS (Diluted)

$-37.39

QoQ Revenue Growth

-50.9%

Cash Flow

Operating Cash Flow

-$33M

Free Cash Flow

-$38M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$181M

Total Liabilities

$77M

Stockholders' Equity

$105M

Cash & Equivalents

$79M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$14,299	+11742.9%
Gross Profit	-$4M	-$4M	+7.0%
Operating Income	-$26M	-$20M	-28.8%
Net Income	-$25M	-$22M	-13.4%

Revenue Segments

Other Revenues

$338,915100%