WKHS Q1 2024 Earnings — Workhorse Group Inc. Revenue & Financial Results | Market Cap Arena

WKHSWorkhorse Group Inc.

$2M

Q1 2024 Earnings

Consumer Cyclical Auto - Manufacturers

Income Statement

Revenue

$1M-20.9% YoY

Gross Profit

-$6M-455.7% margin

Operating Income

-$24M-1771.6% margin

Net Income

-$29M-2177.0% margin

EPS (Diluted)

$-24.09

QoQ Revenue Growth

-69.6%

Cash Flow

Operating Cash Flow

-$18M

Free Cash Flow

-$21M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$114M

Total Liabilities

$46M

Stockholders' Equity

$67M

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1M	$2M	-20.9%
Gross Profit	-$6M	-$4M	-67.9%
Operating Income	-$24M	-$26M	+7.1%
Net Income	-$29M	-$25M	-16.6%

Revenue Segments

Other Revenues

$770,999100%