Workhorse Group Reports Third Quarter 2020 Results

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Go back to Workhorse Group Reports Third Quarter 2020 Results

Workhorse Group (WKHS) Reports Q3 Revenues Miss

November 9, 2020 9:10 AM EST

Workhorse Group (NASDAQ: WKHS) reported Q3 revenue for the quarter came in at $564.7 thousand versus the consensus estimate of $1.81 million.

Release Updates and Highlights

Sets 2021 production volume target at 1,800 vehicles.Received a purchase order for 500 C-1000 trucks from Pritchard Auto Company for its National Fleet Program, which is being financed by Hitachi Capital America ("HCA").Through various financings, the Company improved its current cash position to over $260 million.Workhorse strategic partner Lordstown Motor Corporation ("LMC") completed its merger with DiamondPeak Holdings Corp. LMC\'s Class A shares... More