Workhorse Group reports FY24 ($51.69) vs ($149.45) last year

Reports FY24 revenue $6.6M vs $13M last year. “During the past year, we continued to strengthen and expand our EV portfolio to meet evolving customer needs,” said Workhorse CEO Rick Dauch. “We took a significant step forward last month when Transport Canada approved our W4 CC and W56 models for sale in Canada. This important market was previously not open to us, and we expect to begin deploying demo trucks to Canada in April 2025. Additionally, we rolled out the W56 extended 208-inch wheelbase, which is engineered for increased cargo capacity and designed to tackle the toughest delivery and service routes. It has completed durability testing, simulating over 250,000 highway miles. We have seen positive customer responses to the new truck and have already received a purchase order from a national provider of uniforms and workplace supplies in partnership with Revolv for 13 of the 208-inch wheelbase trucks. We expect to deliver these trucks through our certified dealer, Kingsburg Truck Center (KTS) in Q2 of this year. We are continuing to showcase our high-quality portfolio of EV trucks at leading work truck events and summits, which is resulting in growing fleet interest and demos from prospective customers.”