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Workhorse Group (WKHS) Reports Q2 Revenues Miss

August 10, 2020 9:03 AM EDT
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Workhorse Group (NASDAQ: WKHS) reported Q2 revenue for the quarter came in at $92 thousand versus the consensus estimate of $270 thousand.

Management Commentary

"In the first half of this year we accomplished a series of major operational and EV industry milestones, culminating in the first official deliveries of our C-Series trucks to Ryder just a few weeks ago," said Workhorse CEO Duane Hughes. "Additionally, after acquiring the requisite various state and federal approvals in recent months, we are now the only medium duty BEV OEM permitted and able to sell and deliver our vehicles in all 50 states, which should allow us to further distance ourselves as the first movers in the last-mile EV space. Widening our sales funnel through tax incentives, government programs and strategic partnerships, all of which we now have, will allow us greater opportunities to build on our growing backlog. We are now focusing on maximizing our efficiency and output as we look to ramp production throughout the remainder of this year to meet our ambitious delivery campaign goals."

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



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