OverviewSuggest Edit

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. 

TypePublic
Founded2007
HQLoveland, US
Websiteworkhorse.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2019)81(-17%)
Revenue (FY, 2019)$376.6 K(-50%)
Share Price (Sept 2020)$26.9 (-11%)
Cybersecurity ratingBMore

Key People/Management at Workhorse

Duane Hughes

Duane Hughes

Chief Operating Officer and President
Julio Rodriguez

Julio Rodriguez

Chief Information Officer
Paul Gaitan

Paul Gaitan

CFO
Daniel Zito

Daniel Zito

EVP
Raymond Chess

Raymond Chess

Board Chairman
Gerald Budde

Gerald Budde

Board Member
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Workhorse Office Locations

Workhorse has offices in Loveland and Union City
Loveland, US (HQ)
100 Commerce Dr
Union City, US
940 IN-32, Union City, IN 47390, USA
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Workhorse Financials and Metrics

Workhorse Revenue

Workhorse's revenue was reported to be $376.56 k in FY, 2019
USD

Revenue (Q2, 2020)

91.9k

Gross profit (Q2, 2020)

(1.4m)

Gross profit margin (Q2, 2020), %

(1543.8%)

Net income (Q2, 2020)

(131.3m)

EBIT (Q2, 2020)

(7.0m)

Market capitalization (22-Sept-2020)

2.8b

Closing stock price (22-Sept-2020)

26.9

Cash (30-Jun-2020)

26.2m

EV

2.8b
Workhorse's current market capitalization is $2.8 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

190.0k272.1k177.5k177.5k140.0k6.4m10.8m763.2k376.6k

Revenue growth, %

(21%)4483%

Cost of goods sold

13.6m24.5m8.0m5.8m

Gross profit

(7.2m)(13.7m)(7.2m)(5.4m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

107.5k222.1k177.5k177.5k68.0k72.0k236.0k1.2m1.9m1.8m270.0k3.3m560.2k170.7k11.0k364.2k5.5k4.3k84.3k91.9k

Cost of goods sold

464.4k2.3m4.2m4.3m995.9k7.6m1.7m1.7m1.5m1.4m930.2k1.4m1.7m1.5m

Gross profit

(228.4k)(1.1m)(2.3m)(2.5m)(725.9k)(4.3m)(1.2m)(1.5m)(1.5m)(1.0m)(924.7k)(1.4m)(1.7m)(1.4m)

Gross profit Margin, %

(97%)(86%)(119%)(143%)(269%)(130%)(206%)(870%)(13329%)(284%)(16788%)(33341%)(1974%)(1544%)
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

89.5k39.8k7.0k442.3k7.7m469.6k1.5m23.9m

Accounts Receivable

5.0k628.7k7.9k

Prepaid Expenses

51.2k13.0k44.0k74.6k3.1m2.3m4.8m

Inventories

122.0k41.0k392.8k392.8k78.9k2.5m2.5m1.8m
USDQ2, 2011

Financial Leverage

1.7 x
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Workhorse Operating Metrics

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

Electric Delivery Vans in Backlog (for UPS)

143 343 170

Vans for UPS Delivered

125 200

E-GEN Electric Vehicles Delivered

2 35 42

W-15 Units Orders Recieved

2.15 k4.65 k5 k
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Workhorse Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Workhorse Online and Social Media Presence

Embed Graph

Workhorse News and Updates

Electric Vehicles, E-Commerce Deliveries, & Diesel Innovations: CEO’s of UPS, dynaCERT, Workhorse Group, and Caterpillar Discuss Keeping The World Moving

NEW YORK, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO’s of Caterpillar Inc. (NYSE: CAT) United Parcel Service, Inc. (NYSE: UPS) dynaCERT (TSX: DYA) (OTC: DYFSF) and Workho…

Thinking about buying stock in Wave Life Sciences, Axovant Gene Therapies, Lipocine Inc, Workhorse Group, or Cassava Sciences?

NEW YORK, Sept. 21, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WVE, AXGT, LPCN, WKHS, and SAVA. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about trading options or stock in Novavax, Fossil Group, Advanced Micro Devices, Workhorse Group, or Qualcomm?

NEW YORK, Sept. 17, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NVAX, FOSL, AMD, WKHS, and QCOM. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Thinking about buying stock in Arbutus Biopharma, TRACON Pharmaceuticals, Workhorse Group, Trevena, or Cassava Sciences?

NEW YORK, Sept. 15, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ABUS, TCON, WKHS, TRVN, and SAVA. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding...

Thinking about buying stock in electroCore, Workhorse Group, Draftkings, TOP Ships, or Nikola Corp?

NEW YORK, Sept. 10, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ECOR, WKHS, DKNG, TOPS, and NKLA. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding...

Thinking about buying stock in InspireMD, Nokia, Workhorse Group, Peloton, or Ford?

NEW YORK, Sept. 8, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NSPR, NOK, WKHS, PTON, and F. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
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Workhorse Blogs

Upcoming Exhibition Schedule

CINCINNATI, Feb. 21, 2019 /PRNewswire/ -- Workhorse Group Inc.(NASDAQ:WKHS) ("Workhorse"), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, is scheduled to participate at the following upcoming industry event…

Expert Robert Willison, PhD, as Chief Operating Officer

Workhorse Group Appoints Engineering Veteran and EV Industry Expert Robert Willison, PhD, as Chief Operating Officer Willison to Lead Company's Transition into Production and Will Be Focused on Ensuring Quality, Profitable Manufacturing at Scale CINCINNATI, Feb. 19, 2019 /PRNewswire/ -- Workhorse Gr…

President and Chief Operating Officer Duane Hughes to Chief Executive Officer

Workhorse Group Promotes President and Chief Operating Officer Duane Hughes to Chief Executive Officer CINCINNATI, Feb. 05, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse"), an American technology company focused on providing sustainable and cost-e…

DHL Expands Green Fleet With Addition of New Electric Delivery Vans

New vehicles are part of company goal to reduce emissions to zero by 2050 63 electric vans will roll out this year in the U.S. market PLANTATION, Fla., Feb. 4, 2019 /PRNewswire/ -- DHL, the world's leading international express services provider, is staying true to its mission of reducing emission…

SureFly Octocopter pitched at Detroit auto show

SureFly Octocopter pitched at Detroit auto show as the drone anyone can fly at $200,000 A small company out of Columbus, Ohio showed off what looks like a drone with a two-person passenger compartment at this week's Detroit auto show. The craft is rated to carry 400 pounds and has a range of about 7…

Fly to Work in Your Own ‘Rich Guy Drone’

DETROIT—It looks a giant blue toy (although yes, the one pictured above is white). It’s actually a two-seat, eight rotor, carbon fiber, hybrid-electric helicopter—for personal use. The drone-like “octocopter”—with no tail rotor it’s not technically a helicopter—is manufactured by Workhorse (WKHS), w…
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Workhorse Frequently Asked Questions

  • When was Workhorse founded?

    Workhorse was founded in 2007.

  • Who are Workhorse key executives?

    Workhorse's key executives are Duane Hughes, Julio Rodriguez and Paul Gaitan.

  • How many employees does Workhorse have?

    Workhorse has 81 employees.

  • What is Workhorse revenue?

    Latest Workhorse annual revenue is $376.6 k.

  • What is Workhorse revenue per employee?

    Latest Workhorse revenue per employee is $4.6 k.

  • Who are Workhorse competitors?

    Competitors of Workhorse include Venturi Automobiles, Auro Robotics and Kreisel Electric.

  • Where is Workhorse headquarters?

    Workhorse headquarters is located at 100 Commerce Dr, Loveland.

  • Where are Workhorse offices?

    Workhorse has offices in Loveland and Union City.

  • How many offices does Workhorse have?

    Workhorse has 2 offices.