Workhorse

Workhorse is a full service design studio in Washington D.C. specializing in high-quality strategy, design & development. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. 

Type
Public
HQ
Loveland, US
Founded
2007
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 Financials and Metrics

Workhorse Financials

Workhorse's revenue was reported to be $6.4 m in FY, 2016
USD

Revenue (Q3, 2017)

3.3 m

Gross profit (Q3, 2017)

(4.3 m)

Gross profit margin (Q3, 2017), %

(130%)

Net income (Q3, 2017)

(12.7 m)

Market capitalization (13-Nov-2017)

105.6 m

Cash (30-Sep-2017)

9.8 m

EV

97.9 m
Workhorse's current market capitalization is $105.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

177.5 k177.5 k140 k6.4 m

Revenue growth, %

(21%)4483%

Cost of goods sold

13.6 m

Gross profit

(7.2 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

177.5 k177.5 k68 k72 k236 k1.2 m1.9 m1.8 m270 k3.3 m

Cost of goods sold

464.4 k2.3 m4.2 m4.3 m995.9 k7.6 m

Gross profit

(228.4 k)(1.1 m)(2.3 m)(2.5 m)(725.9 k)(4.3 m)

Gross profit Margin, %

(97%)(86%)(119%)(143%)(269%)(130%)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

7 k442.3 k7.7 m469.6 k

Accounts Receivable

628.7 k

Inventories

392.8 k392.8 k78.9 k2.5 m

PP&E

4.4 m4 m3.7 m6 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

7.5 k2.7 m1.8 m833.8 k287.1 k160.9 k140.9 k5.2 m3.7 m3 m10.2 m5.4 m9.8 m

Accounts Receivable

20 k476.1 k536.6 k978 k270 k225 k

Inventories

393.8 k392.8 k392.8 k392.8 k331 k272.6 k199 k1.9 m3.6 m5.1 m9.5 m7.5 m

PP&E

4.5 m4.3 m4.2 m4.1 m4 m3.9 m3.8 m3.7 m3.6 m3.6 m5.9 m5.8 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)

    Inventories

    48.3 k(2.5 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    (2.1 m)(4.4 m)(7.3 m)(12.6 m)(7.9 m)(17.1 m)(12.7 m)

    Depreciation and Amortization

    101.5 k101.5 k101.5 k91.6 k93.8 k187.8 k281.8 k93.5 k190 k286.3 k143.1 k269 k

    Accounts Receivable

    (20 k)(476.1 k)(536.6 k)(349.3 k)358.7 k225 k

    Inventories

    47.3 k(1.9 m)(3.6 m)(2.6 m)(7 m)7.5 m
      Y, 2017

      Debt/Assets

      0.1 x
      Show all financial metrics

      Workhorse Operating Metrics

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

      E-GEN Electric Vehicles Delivered

      23542

      Electric Delivery Vans in Backlog (for UPS)

      143343170

      W-15 Units Orders Recieved

      2.15 k4.65 k5 k

      Workhorse Vehicles

      150195
      Show all operating metrics

      Workhorse Market Value History

      Workhorse's Web-traffic and Trends

      Workhorse Online and Social Media Presence

      Workhorse News and Updates

      Workhorse To Debut N-Gen Electric Delivery Van & HorseFly Electric Drone At CES 2018

      Workhorse will debut its all wheel drive N-Gen electric delivery van and HorseFly autonomous delivery drone at CES 2018.

      Exclusive: Workhorse E-Gen Electric Truck Begins Tests By WB Mason (+ CleanTechnica Test Drive)

      WB Mason has begun testing five E-Gen electric delivery trucks manufactured by Workhorse. Each is equipped with an auxiliary generator supplied by BMW and lithium-ion battery cells from Panasonic. Exclusive: Workhorse E-Gen Electric Truck Begins Tests By WB Mason (+ CleanTechnica Test Drive) was o…

      Pack Expo demo shows how drones could deliver packages

      The future of packaging delivery is drones. At least that’s what electric truck and drone maker Workhorse believes.

      As her peace icon image fades, Aung San Suu Kyi is winning over a new set of admirers in China

      On Tuesday (Sept. 19), Nobel peace laureate Aung San Suu Kyi made her first major remarks on the crisis that has seen 400,000 Rohingya Muslims…

      Workhorse CEO Discusses Company’s W-15 Plug-In Hybrid Pickup Truck

      Workhorse CEO Steve Burns says the W-15 plug-in hybrid pickup truck is cost effective and reliable. So far, it has hundreds of pre-orders and expects to begin production next year. Workhorse CEO Discusses Company’s W-15 Plug-In Hybrid Pickup Truck was originally published on CleanTechnica. To read…

      We Ran Over This Coffee Maker with a Truck and It Didn't Break

      The Oxx CoffeeBoxx is insanely durable, but we weren't wowed by its coffee
      Show more

      Workhorse Company Life and Culture

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