$WKHS
Workhorse Group Inc. Stock $wkhs

$wkhs Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000162828020006544 Filed on May 06, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$84.30K	$364.2K
YoY Change	-76.85%	-34.97%
Cost Of Revenue	$1.748M	$1.398M
YoY Change	25.07%	-18.27%
Gross Profit	-$1.664M	-$1.033M
YoY Change	60.99%	-10.14%
Gross Profit Margin	-1973.52%	-283.77%
Selling, General & Admin	$5.566M	$2.091M
YoY Change	166.19%	-12.88%
% of Gross Profit
Research & Development	$1.902M	$1.362M
YoY Change	39.64%	-41.78%
% of Gross Profit
Depreciation & Amortization	$171.8K	$96.69K
YoY Change	77.65%	93.37%
% of Gross Profit
Operating Expenses	$7.468M	$3.453M
YoY Change	116.27%	-27.15%
Operating Profit	-$8.267M	-$4.487M
YoY Change	84.26%	-23.83%
Interest Expense	$13.02M	$1.778M
YoY Change	632.46%	-435.39%
% of Operating Profit
Other Income/Expense, Net	$860.0K
YoY Change
Pretax Income	$4.757M	-$6.264M
YoY Change	-175.93%	-2.43%
Income Tax	$0.00	$0.00
% Of Pretax Income	0.0%
Net Earnings	$4.757M	-$6.264M
YoY Change	-175.93%	-2.43%
Net Earnings / Revenue	5642.58%	-1720.07%
Basic Earnings Per Share	$0.07	-$0.11
Diluted Earnings Per Share	$0.06	-$0.11
COMMON SHARES
Basic Shares Outstanding	68.47M shares	55.26M shares
Diluted Shares Outstanding	83.77M shares	55.26M shares

Balance Sheet

Concept	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$16.80M	$2.800M
YoY Change	500.0%	250.0%
Cash & Equivalents	$16.82M	$2.848M
Short-Term Investments
Other Short-Term Assets	$4.800M	$2.000M
YoY Change	140.0%	900.0%
Inventory	$2.631M	$2.500M
Prepaid Expenses
Receivables	$48.83K	$400.0K
Other Receivables	$100.0K	$0.00
Total Short-Term Assets	$24.29M	$7.800M
YoY Change	211.47%	23.81%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.769M	$5.100M
YoY Change	32.72%	-7.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$13.10M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$19.95M	$5.300M
YoY Change	276.45%	-8.62%
TOTAL ASSETS
Total Short-Term Assets	$24.29M	$7.800M
Total Long-Term Assets	$19.95M	$5.300M
Total Assets	$44.25M	$13.10M
YoY Change	237.76%	8.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.062M	$3.600M
YoY Change	-14.95%	-16.28%
Accrued Expenses	$3.388M	$3.900M
YoY Change	-13.13%	116.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$4.100M
YoY Change	-100.0%	-22.64%
Long-Term Debt Due	$20.16M
YoY Change
Total Short-Term Liabilities	$39.29M	$22.70M
YoY Change	73.09%	89.17%
LONG-TERM LIABILITIES
Long-Term Debt	$7.430M	$8.400M
YoY Change	-11.55%	394.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$7.430M	$8.400M
YoY Change	-11.55%	394.12%
TOTAL LIABILITIES
Total Short-Term Liabilities	$39.29M	$22.70M
Total Long-Term Liabilities	$7.430M	$8.400M
Total Liabilities	$46.72M	$31.10M
YoY Change	50.23%	127.01%
SHAREHOLDERS EQUITY
Retained Earnings	-$174.0M
YoY Change
Common Stock	$69.49K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$22.00M	-$18.00M
YoY Change
Total Liabilities & Shareholders Equity	$44.25M	$13.10M
YoY Change	237.76%	8.26%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	$4.757M	-$6.264M
YoY Change	-175.93%	-2.43%
Depreciation, Depletion And Amortization	$171.8K	$96.69K
YoY Change	77.65%	93.37%
Cash From Operating Activities	-$7.823M	-$5.769M
YoY Change	35.61%	25.95%
INVESTING ACTIVITIES
Capital Expenditures	$464.0K	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$464.0K	$0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$243.0K	$7.104M
YoY Change	-96.58%	459.36%
NET CHANGE
Cash From Operating Activities	-$7.823M	-$5.769M
Cash From Investing Activities	-$464.0K	$0.00
Cash From Financing Activities	$243.0K	$7.104M
Net Change In Cash	-$8.044M	$1.335M
YoY Change	-702.45%	-140.34%
FREE CASH FLOW
Cash From Operating Activities	-$7.823M	-$5.769M
Capital Expenditures	$464.0K	$0.00
Free Cash Flow	-$8.287M	-$5.769M
YoY Change	43.65%	25.95%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001425287
CY2020Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2020Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q1	dei	Amendment Flag AmendmentFlag	false
CY2020Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q1	dei	Entity File Number EntityFileNumber	000-53704
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	WORKHORSE GROUP INC.
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	26-1394771
CY2020Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	45140
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	100 Commerce Drive
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Loveland
CY2020Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	OH
CY2020Q1	dei	City Area Code CityAreaCode	513
CY2020Q1	dei	Local Phone Number LocalPhoneNumber	360-4704
CY2020Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2020Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2020Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2020Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q1	dei	Entity Shell Company EntityShellCompany	false
CY2020Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.001 par value per share
CY2020Q1	dei	Trading Symbol TradingSymbol	WKHS
CY2020Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	70629331	shares
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16824627	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23868416	USD
CY2020Q1	us-gaap	Restricted Cash RestrictedCash	0	USD
CY2019Q4	us-gaap	Restricted Cash RestrictedCash	1000000	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	USD
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CY2020Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	48830	USD
CY2019Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7921	USD
CY2020Q1	wkhs	Finance Lease Receivable Current FinanceLeaseReceivableCurrent	33100	USD
CY2019Q4	wkhs	Finance Lease Receivable Current FinanceLeaseReceivableCurrent	33100	USD
CY2020Q1	us-gaap	Inventory Net InventoryNet	2630824	USD
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CY2020Q1	wkhs	Warranty Liability WarrantyLiability	5302770	USD
CY2019Q4	wkhs	Warranty Liability WarrantyLiability	6001864	USD
CY2020Q1	wkhs	Fair Value Liability For Warrant FairValueLiabilityForWarrant	7190000	USD
CY2019Q4	wkhs	Fair Value Liability For Warrant FairValueLiabilityForWarrant	16335000	USD
CY2020Q1	wkhs	Customer Deposit Current CustomerDepositCurrent	190000	USD
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CY2020Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	20160000	USD
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CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
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CY2019Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	2999735	USD
CY2020Q1	wkhs	Exercise Of Warrants And Options ExerciseOfWarrantsAndOptions	243000	USD
CY2019Q1	wkhs	Exercise Of Warrants And Options ExerciseOfWarrantsAndOptions	0	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	243000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	7103875	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-8043789	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1335186	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24868416	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1512750	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16824627	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2847936	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16824627	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23868416	USD
CY2020Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	0	USD
CY2019Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1000000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16824627	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	24868416	USD
CY2020Q1	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	4335557	USD
CY2020Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	4489572	USD
CY2019Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	3741097	USD
CY2020Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	422176	USD
CY2019Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	422176	USD
CY2020Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	0	USD
CY2019Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	0	USD
CY2020Q1	us-gaap	Inventory Gross InventoryGross	4911748	USD
CY2019Q4	us-gaap	Inventory Gross InventoryGross	4163273	USD
CY2020Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2280924	USD
CY2019Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2365127	USD
CY2020Q1	us-gaap	Inventory Net InventoryNet	2630824	USD
CY2019Q4	us-gaap	Inventory Net InventoryNet	1798146	USD
CY2020Q1	wkhs	Anti Dilution Feature Additional Shares Received Value AntiDilutionFeatureAdditionalSharesReceivedValue	900000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	84300	USD
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	364182	USD
CY2020Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	7430000	USD
CY2019Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	19400000	USD
CY2020Q1	wkhs	Class Of Warrant Or Right Additional Warrant Issuance Percentage Of Additional Equity Issuances ClassOfWarrantOrRightAdditionalWarrantIssuancePercentageOfAdditionalEquityIssuances	0.10
CY2020Q1	us-gaap	Warrants And Rights Outstanding Term WarrantsAndRightsOutstandingTerm	P5Y
CY2020Q1	wkhs	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Percentage Of Issuance Price ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsPercentageOfIssuancePrice	1.10
CY2020Q1	wkhs	Warrant Liability WarrantLiability	7200000	USD
CY2019Q4	wkhs	Warrant Liability WarrantLiability	16300000	USD
CY2019Q2	us-gaap	Warrants And Rights Outstanding Term WarrantsAndRightsOutstandingTerm	P7Y
CY2020Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	859027	USD
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	691070	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	4756691	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-6264172	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4756691	USD
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-6264172	USD
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	68465759	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	55260519	shares
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	83768820	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	55260519	shares
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5066931	shares
CY2019Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	22752782	shares

Files In Submission

Name	View Source	Status
0001628280-20-006544-index-headers.html	Edgar Link	pending
0001628280-20-006544-index.html	Edgar Link	pending
0001628280-20-006544.txt	Edgar Link	pending
0001628280-20-006544-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wkhs-20200331.htm	Edgar Link	pending
wkhs-20200331.xsd	Edgar Link	pending
wkhs-20200331xexx311.htm	Edgar Link	pending
wkhs-20200331xexx312.htm	Edgar Link	pending
wkhs-20200331xexx321.htm	Edgar Link	pending
wkhs-20200331xexx322.htm	Edgar Link	pending
wkhs-20200331_cal.xml	Edgar Link	unprocessable
wkhs-20200331_def.xml	Edgar Link	unprocessable
wkhs-20200331_htm.xml	Edgar Link	completed
wkhs-20200331_lab.xml	Edgar Link	unprocessable
wkhs-20200331_pre.xml	Edgar Link	unprocessable

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$WKHS
Workhorse Group Inc. Stock $wkhs

2020 Q1 Form 10-Q Financial Statement

#000162828020006544 Filed on May 06, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WKHS Workhorse Group Inc. Stock $wkhs

2020 Q1 Form 10-Q Financial Statement

#000162828020006544 Filed on May 06, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WKHS
Workhorse Group Inc. Stock $wkhs