Workhorse Group, Inc., formerly AMP Holding Inc., is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company's products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100. Its chassis products include W88, W22, W42 and W62. E-GEN is an electric drive, transmission-free system, which has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. E-100, an all-electric, medium-duty truck, is an electric power-train. It focuses on offering W88 chassis with gross vehicle weight (GVW) ratings of 10,000 to 26,000 pounds. The W22 chassis is designed to meet the needs of the recreational vehicle market for weight ratings till over 26,000 GVW. The W42 chassis is designed for the 12,000 to 14,500 GVW vehicle market. The W62 chassis is designed for the 19,500 to 23,500 GVW vehicle market.

Loveland, US
Size (employees)
15 (est)
Workhorse was founded in 2007 and is headquartered in Loveland, US

Workhorse Office Locations

Workhorse has offices in Loveland and Union City
Loveland, US (HQ)
100 Commerce Dr
Union City, US
940 IN-32

Workhorse Data and Metrics

Workhorse Financial Metrics

Workhorse's revenue was reported to be $1.8 m in Q1, 2017

Revenue (Q1, 2017)

1.8 m

Gross profit (Q1, 2017)

(2.5 m)

Gross profit margin (Q1, 2017), %


Net income (Q1, 2017)

(7.9 m)

Market capitalization (22-Sep-2017)

97 m

Cash (31-Mar-2017)

10.2 m
Workhorse's current market capitalization is $97 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


177.5 k177.5 k140 k6.4 m

Revenue growth, %


Cost of goods sold

13.6 m

Gross profit

(7.2 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


177.5 k68 k72 k236 k1.2 m1.9 m1.8 m

Cost of goods sold

464.4 k2.3 m4.2 m4.3 m

Gross profit

(228.4 k)(1.1 m)(2.3 m)(2.5 m)

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


7 k442.3 k7.7 m469.6 k

Accounts Receivable

628.7 k


392.8 k392.8 k78.9 k2.5 m


4.4 m4 m3.7 m6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


1.8 m833.8 k287.1 k160.9 k140.9 k5.2 m3.7 m3 m10.2 m

Accounts Receivable

20 k476.1 k536.6 k978 k


392.8 k392.8 k331 k272.6 k199 k1.9 m3.6 m5.1 m


4.2 m4.1 m4 m3.9 m3.8 m3.7 m3.6 m3.6 m5.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(9.4 m)(19.6 m)

Depreciation and Amortization

319.6 k388 k371.2 k381.8 k

Accounts Receivable

(1 m)


48.3 k(2.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(2.1 m)(4.4 m)(7.3 m)(12.6 m)(7.9 m)

Depreciation and Amortization

101.5 k91.6 k93.8 k187.8 k281.8 k93.5 k190 k286.3 k143.1 k

Accounts Receivable

(20 k)(476.1 k)(536.6 k)(349.3 k)


(1.9 m)(3.6 m)(2.6 m)
Show all financial metrics

Workhorse Operating Metrics

FY, 2015FY, 2016Q1, 2017Q2, 2017

E-GEN Electric Vehicles Delivered


Electric Delivery Vans in Backlog (for UPS)


W-15 Units Orders Recieved

2.15 k4.65 k5 k

Workhorse Vehicles

Show all operating metrics

Workhorse Market Value History

Traffic Overview of Workhorse

Workhorse Online and Social Media Presence

Workhorse News and Updates

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Workhorse Company Life and Culture

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