WKHSWorkhorse Group Inc.

$2M

Q2 2023 Earnings

Consumer Cyclical Auto - Manufacturers

Income Statement

Revenue

$4M+31492.7% YoY

Gross Profit

-$4M-112.5% margin

Operating Income

-$24M-593.1% margin

Net Income

-$23M-580.3% margin

EPS (Diluted)

$-31.00

QoQ Revenue Growth

+134.2%

Cash Flow

Operating Cash Flow

-$33M

Free Cash Flow

-$38M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$177M

Total Liabilities

$70M

Stockholders' Equity

$107M

Cash & Equivalents

$62M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4M	$12,555	+31492.7%
Gross Profit	-$4M	-$3M	-48.3%
Operating Income	-$24M	-$21M	-11.7%
Net Income	-$23M	-$21M	-8.8%

Revenue Segments

Other Revenues

$598,797100%

WKHS Q2 2023 Earnings — Workhorse Group Inc. Revenue & Financial Results | Market Cap Arena