Financial Snapshot

Revenue
$9.098M
TTM
Gross Margin
-424.11%
TTM
Net Earnings
-$125.9M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
115.88%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$47.26M
Q3 2024
Cash
Q3 2024
P/E
-0.3320
Nov 29, 2024 EST
Free Cash Flow
-$73.82M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $13.09M $5.023M -$851.9K $1.393M $376.6K $763.2K $10.85M $6.410M $140.0K $180.0K $180.0K $270.0K $190.0K $140.0K $0.00 $0.00 $0.00
YoY Change 160.69% -689.62% -161.18% 269.8% -50.66% -92.97% 69.27% 4478.57% -22.22% 0.0% -33.33% 42.11% 35.71%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $13.09M $5.023M -$851.9K $1.393M $376.6K $763.2K $10.85M $6.410M $140.0K $180.0K $180.0K $270.0K $190.0K $140.0K $0.00 $0.00 $0.00
Cost Of Revenue $38.35M $37.67M $132.5M $13.07M $5.845M $7.981M $24.52M $13.58M
Gross Profit -$25.26M -$32.65M -$133.3M -$11.67M -$5.468M -$15.19M -$13.67M -$7.160M
Gross Profit Margin -192.87% -649.99% -838.38% -1452.17% -1990.43% -125.99% -111.7%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $55.57M $73.22M $40.16M $20.16M $10.20M $11.49M $9.630M $6.200M $3.860M $2.950M $5.680M $4.200M $8.750M $5.090M $1.480M $1.320M $0.00
YoY Change -24.1% 82.32% 99.23% 97.63% -11.2% 19.27% 55.32% 60.62% 30.85% -48.06% 35.24% -52.0% 71.91% 243.92% 12.12%
% of Gross Profit
Research & Development $24.47M $23.21M $11.61M $9.149M $8.199M $7.392M $17.74M $6.150M $4.740M $3.440M
YoY Change 5.4% 99.94% 26.9% 11.58% 10.92% -58.33% 188.46% 29.75% 37.79%
% of Gross Profit
Depreciation & Amortization $4.063M $1.945M $1.908M $809.6K $388.4K $348.3K $550.0K $380.0K $370.0K $390.0K $320.0K $60.00K $60.00K $40.00K $30.00K $60.00K
YoY Change 108.88% 1.93% 135.71% 108.46% 11.5% -36.67% 44.74% 2.7% -5.13% 21.88% 433.33% 0.0% 50.0% 33.33% -50.0%
% of Gross Profit
Operating Expenses $80.04M $96.43M $51.77M $29.31M $18.40M $18.88M $27.36M $12.35M $8.600M $6.390M $6.030M $4.300M $8.880M $5.150M $1.530M $1.380M $0.00
YoY Change -17.0% 86.27% 76.65% 59.29% -2.54% -31.0% 121.54% 43.6% 34.59% 5.97% 40.23% -51.58% 72.43% 236.6% 10.87%
Operating Profit -$105.3M -$129.1M -$185.1M -$40.98M -$23.87M -$34.07M -$41.03M -$19.51M
YoY Change -18.43% -30.27% 351.71% 71.71% -29.94% -16.97% 110.3%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense -$8.731M -$2.103M -$14.06M $190.5M $29.15M $2.435M -$180.0K -$40.00K -$970.0K -$400.0K -$260.0K -$230.0K -$10.00K -$10.00K $0.00 $0.00
YoY Change 315.27% -85.05% -107.38% 553.68% 1097.07% -1452.64% 350.0% -95.88% 142.5% 53.85% 13.04% 2200.0% 0.0%
% of Operating Profit
Other Income/Expense, Net $13.91M -$225.4M $322.8M $15.85M
YoY Change -106.17% -169.84% 1936.34%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$124.0M -$117.3M -$423.2M $91.61M -$37.16M -$36.50M -$41.22M -$19.56M -$9.430M -$6.610M -$6.110M -$4.270M -$8.710M -$5.030M -$1.520M -$1.380M $0.00
YoY Change 5.76% -72.29% -561.95% -346.51% 1.81% -11.45% 110.74% 107.42% 42.66% 8.18% 43.09% -50.98% 73.16% 230.92% 10.14%
Income Tax -$110.5K $0.00 -$21.85M $21.83M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 23.83%
Net Earnings -$123.9M -$117.3M -$401.3M $69.78M -$37.16M -$36.50M -$41.22M -$19.56M -$9.430M -$6.610M -$6.110M -$4.270M -$8.710M -$5.030M -$1.520M -$1.380M $0.00
YoY Change 5.67% -70.78% -675.19% -287.76% 1.81% -11.45% 110.74% 107.42% 42.66% 8.18% 43.09% -50.98% 73.16% 230.92% 10.14%
Net Earnings / Revenue -946.33% -2334.71% 5010.81% -9868.98% -4782.97% -379.91% -305.15% -6735.71% -3672.22% -3394.44% -1581.48% -4584.21% -3592.86%
Basic Earnings Per Share -$0.60 -$0.74 -$3.12 $0.75 -$0.58
Diluted Earnings Per Share -$0.60 -$0.74 -$3.12 $0.70 -$0.58 -$739.8K -$759.7K -$776.2K -$545.4K -$486.0K -$807.1K -$951.0K -$2.569M -$2.286M -$76.00M -$138.0M $0.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $25.85M $99.28M $201.6M $46.80M $23.90M $1.500M $4.100M $500.0K $7.700M $400.0K $0.00 $0.00 $100.0K $400.0K $0.00 $100.0K $0.00
YoY Change -73.97% -50.77% 330.87% 95.82% 1493.33% -63.41% 720.0% -93.51% 1825.0% -100.0% -75.0% -100.0%
Cash & Equivalents $25.85M $99.28M $201.6M $46.80M $23.90M $1.500M $4.100M $500.0K $7.700M $400.0K $0.00 $0.00 $100.0K $400.0K $0.00
Short-Term Investments
Other Short-Term Assets $18.10M $14.15M $4.358M $227.2M $5.800M $2.300M $900.0K $300.0K $3.100M $100.0K $0.00 $0.00 $100.0K $0.00 $0.00 $0.00 $0.00
YoY Change 27.9% 224.76% -98.08% 3817.24% 152.17% 155.56% 200.0% -90.32% 3000.0% -100.0%
Inventory $45.41M $8.850M $10.07M $15.50M $1.800M $2.500M $4.600M $2.500M $100.0K $400.0K $400.0K $0.00 $100.0K $0.00
Prepaid Expenses
Receivables $4.470M $2.079M $149.8K $900.0K $0.00 $0.00 $1.000M $600.0K $0.00 $0.00 $100.0K $0.00 $0.00
Other Receivables $0.00 $15.00M $0.00 $100.0K $0.00 $0.00 $100.0K $100.0K $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $93.83M $139.4M $216.2M $290.5M $31.50M $6.400M $10.70M $3.900M $10.90M $900.0K $400.0K $100.0K $300.0K $500.0K $0.00 $100.0K $0.00
YoY Change -32.67% -35.55% -25.57% 822.22% 392.19% -40.19% 174.36% -64.22% 1111.11% 125.0% 300.0% -66.67% -40.0% -100.0%
Property, Plant & Equipment $47.67M $33.21M $9.437M $11.40M $6.800M $5.200M $5.600M $6.000M $3.700M $4.000M $4.400M $100.0K $200.0K $100.0K $100.0K $100.0K
YoY Change 43.56% 251.9% -17.22% 67.65% 30.77% -7.14% -6.67% 62.16% -7.5% -9.09% 4300.0% -50.0% 100.0% 0.0% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $10.00M $0.00 $330.6M $12.20M
YoY Change -100.0% -100.0% 2609.84%
Other Assets $0.00
YoY Change
Total Long-Term Assets $47.85M $43.38M $11.92M $342.0M $19.20M $5.400M $5.800M $6.300M $3.700M $4.100M $4.500M $100.0K $100.0K $0.00 $100.0K $100.0K $0.00
YoY Change 10.29% 264.07% -96.52% 1681.25% 255.56% -6.9% -7.94% 70.27% -9.76% -8.89% 4400.0% 0.0% -100.0% 0.0%
Total Assets $141.7M $182.7M $228.1M $632.5M $50.70M $11.80M $16.50M $10.20M $14.60M $5.000M $4.900M $200.0K $400.0K $500.0K $100.0K $200.0K $0.00
YoY Change
Accounts Payable $12.46M $11.89M $7.850M $4.800M $1.700M $4.300M $4.400M $4.000M $2.000M $2.000M $2.000M $1.600M $1.600M $700.0K $400.0K $200.0K $0.00
YoY Change 4.75% 51.49% 63.53% 182.35% -60.47% -2.27% 10.0% 100.0% 0.0% 0.0% 25.0% 0.0% 128.57% 75.0% 100.0%
Accrued Expenses $5.875M $45.24M $15.12M $6.000M $3.100M $3.900M $1.700M
YoY Change -87.01% 199.26% 151.94% 93.55% -20.51% 129.41%
Deferred Revenue
YoY Change
Short-Term Debt $20.18M $0.00 $0.00 $0.00 $0.00 $1.300M $4.800M $200.0K $13.60M $1.200M $1.900M $600.0K $300.0K $0.00 $100.0K $0.00 $0.00
YoY Change -100.0% -72.92% 2300.0% -98.53% 1033.33% -36.84% 216.67% 100.0% -100.0%
Long-Term Debt Due $2.548M $599.0K $0.00 $1.400M $19.60M $0.00 $400.0K $100.0K $2.800M $0.00 $300.0K $200.0K $0.00 $0.00 $0.00
YoY Change 325.4% -100.0% -92.86% -100.0% 300.0% -96.43% -100.0% 50.0%
Total Short-Term Liabilities $53.28M $63.31M $27.55M $17.60M $47.00M $18.90M $11.30M $4.300M $18.40M $3.300M $4.500M $2.400M $1.900M $800.0K $600.0K $200.0K $0.00
YoY Change -15.84% 129.8% 56.53% -62.55% 148.68% 67.26% 162.79% -76.63% 457.58% -26.67% 87.5% 26.32% 137.5% 33.33% 200.0%
Long-Term Debt $0.00 $2.548M $24.71M $197.7M $38.50M $8.300M $1.700M $2.100M $0.00 $2.500M $2.300M $400.0K $100.0K $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% -89.69% -87.5% 413.51% 363.86% 388.24% -19.05% -100.0% 8.7% 475.0% 300.0%
Other Long-Term Liabilities $5.281M $8.297M $1.191M $200.0K
YoY Change -36.36% 596.6% 495.53%
Total Long-Term Liabilities $5.281M $10.85M $25.90M $197.9M $38.50M $8.300M $1.700M $2.100M $0.00 $2.500M $2.300M $400.0K $100.0K $0.00 $0.00 $0.00 $0.00
YoY Change -51.31% -58.12% -86.91% 414.03% 363.86% 388.24% -19.05% -100.0% 8.7% 475.0% 300.0%
Total Liabilities $58.56M $74.16M $53.45M $237.3M $85.60M $27.20M $13.00M $6.400M $18.40M $5.800M $6.800M $2.800M $2.000M $800.0K $600.0K $200.0K $0.00
YoY Change -21.03% 38.75% -77.48% 177.22% 214.71% 109.23% 103.13% -65.22% 217.24% -14.71% 142.86% 40.0% 150.0% 33.33% 200.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding 207.3M shares 158.6M shares 128.7M shares 92.87M shares 64.31M shares 50.38M shares
Diluted Shares Outstanding 207.3M shares 158.6M shares 128.7M shares 99.95M shares 64.31M shares 50.38M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $41.801 Million

About Workhorse Group Inc.

Workhorse Group Inc is a US-based company operating in Automobiles industry. The company is headquartered in Loveland, Ohio and currently employs 298 full-time employees. The company went IPO on 2009-07-14. Workhorse Group Inc. is a technology company focused on providing ground-based electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, the Company designs and builds battery-electric trucks. The company also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with its vehicles and enable fleet operators to optimize energy and route efficiency. All of its vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. Its products are marketed under the Workhorse brand. All Workhorse last-mile delivery trucks are assembled at its Union City, Indiana production facility. The Workhorse electric trucks include W4CC, W750, and W56. Its Class 4 vehicles are a zero-emission chassis designed to be sold in either a cab chassis version (W4CC) or a step van version (W750) made to haul various cargo and take on both mid and last-mile routes.

Industry: Motor Vehicles & Passenger Car Bodies Peers: Lucid Group, Inc. Cenntro Inc. Canoo Inc. MULLEN AUTOMOTIVE INC. NU RIDE INC. FARADAY FUTURE INTELLIGENT ELECTRIC INC. Fisker Inc./DE Tesla, Inc. THOR INDUSTRIES INC WINNEBAGO INDUSTRIES INC