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Workhorse Group (WKHS)
NASDAQ:WKHS
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-5.31Last Year’s EPS
-0.1Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -35.57%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
Workhorse has made notable strides in product development and cost reduction but faces significant challenges with revenue decline and market uncertainties impacting EV adoption. The sentiment is balanced with both positive achievements and ongoing challenges.Company Guidance
During the Workhorse Group's Fourth Quarter and Full Year 2024 Earnings Call, the company provided insight into its strategic and financial trajectory. Sales for 2024 were $6.6 million, a decrease from $13.1 million in 2023, attributed to lower W4 CC truck sales, offset by increased W56 sales. The company implemented significant cost-saving measures, reducing SG&A expenses by $13.1 million to $42.5 million and R&D expenses by $15.3 million to $9.1 million, largely due to headcount reductions. Despite a net loss of $101.8 million, an improvement from the $123.9 million loss in 2023, Workhorse maintained a focus on extending its financial runway, with $4.6 million in cash and $41.8 million in inventory. The company emphasized its commitment to advancing its product roadmap and securing orders for its commercial electric vehicles, while navigating challenges in the EV market.Positive Customer Reception and New Orders
Workhorse launched the new W56 208-inch wheelbase truck and received a purchase order for 13 of these step vans, expected to begin delivery in Q2 2025. Additionally, they received approval for the sale of W750 and W56 step van models in Canada.
Operational Cost Reductions
Significant reductions in headcount and other spending activities resulted in lower SG&A expenses by $13.1 million and R&D expenses by $15.3 million compared to 2023.
Strong Product Performance
The W56 model consistently achieved uptime of 93% to 97% and demonstrated strong real-world performance with a range exceeding 150 miles in challenging conditions.
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WKHS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WKHS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $1.94 | $1.84 | -5.15% |
| Nov 19, 2024 | $15.25 | $13.12 | -13.97% |
| Aug 20, 2024 | $15.25 | $12.05 | -20.98% |
| May 20, 2024 | $58.62 | $53.25 | -9.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Workhorse Group (WKHS) report earnings?
Workhorse Group (WKHS) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Workhorse Group (WKHS) earnings time?
Workhorse Group (WKHS) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WKHS EPS forecast?
WKHS EPS forecast for the fiscal quarter 2025 (Q1) is -5.31.
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