Workhorse Group (WKHS) Q2 revenue misses consensus

Workhorse Group (NASDAQ: WKHS) announced loss from operations for the second quarter was $22.1 million compared to $22.7 million in the same period last year.

Revenue for the quarter came in at $12.6 thousand versus the consensus estimate of $14.29 thousand.

2022 Guidance:

Assuming current supply chain lead times remain unchanged, Workhorse now expects to manufacture and sell between 150-250 vehicles and generate between $15-25 million in revenue for calendar year 2022.

“‘Our results demonstrate the steady progress our team is making as we execute on our product roadmap, invest prudently in our operations and preserve our financial position, which will allow us to deliver enhanced value to our customers and shareholders,” said Workhorse CFO Bob Ginnan.

For earnings history and earnings-related data on Workhorse Group (WKHS) click here.

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