Workhorse Group (WKHS) has disclosed a new risk, in the Accounting & Financial Operations category.
Workhorse Group’s financial viability is under scrutiny as their consecutive annual net losses—$123.9 million in 2023 and $117.3 million in 2022—raise red flags about ongoing operational sustainability. With a growing accumulated deficit, pressing working capital requirements, and setbacks in vehicle market introduction leading to diminished demand, there is a genuine concern about the company’s ability to operate over the next year. The firm faces the stark reality of needing substantial capital infusions; failing which, it may have to drastically overhaul or cease its operations and planned business initiatives.
The average WKHS stock price target is $0.43, implying 55.91% upside potential.
To learn more about Workhorse Group’s risk factors, click here.
