WKHSWorkhorse Group Inc.

$2M

Q3 2023 Earnings

Consumer Cyclical Auto - Manufacturers

Income Statement

Revenue

$3M+95.5% YoY

Gross Profit

-$4M-116.5% margin

Operating Income

-$21M-695.3% margin

Net Income

-$31M-1011.9% margin

EPS (Diluted)

$-35.49

QoQ Revenue Growth

-23.6%

Cash Flow

Operating Cash Flow

-$30M

Free Cash Flow

-$36M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$146M

Total Liabilities

$34M

Stockholders' Equity

$113M

Cash & Equivalents

$39M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3M	$2M	+95.5%
Gross Profit	-$4M	-$8M	+55.7%
Operating Income	-$21M	-$49M	+56.9%
Net Income	-$31M	-$35M	+13.4%

Revenue Segments

Other Revenues

$458,295100%

WKHS Q3 2023 Earnings — Workhorse Group Inc. Revenue & Financial Results | Market Cap Arena