In its Q3 earnings call slides, Workhorse Group (WKHS) says the company has “reduced its cash burn rate to less than $3.5 million per month in the last six months and also has $106.7 in financing facility still available as of September 30, 2024.”
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WKHS:
- Workhorse Group Lands Major GSA Contract for EVs
- Workhorse Group awarded General Services Administration contract
- Workhorse Group up 8% at $1.32 after Q3 results, GSA contract announcement
- Workhorse Group reports Q3 EPS (98c) vs. ($2.84) last year
- Workhorse Group options imply 19.8% move in share price post-earnings