Workhorse

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, OH, USMap
Websiteworkhorse.com
Employee Ratings3.9More
View Jobs (34)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)81(-17%)
Job Openings34
Revenue (FY, 2020)$1.4 M(+270%)
Share Price (May 2021)$9.6(-17%)

Key People/Management at Workhorse

Duane Hughes

Duane Hughes

Chief Operating Officer and Director
Robert Willison

Robert Willison

Chief Operating Officer
Steve Schrader

Steve Schrader

Chief Financial Officer
Raymond Chess

Raymond Chess

Chairman
Gerald Budde

Gerald Budde

Director
H. Benjamin Samuels

H. Benjamin Samuels

Director
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Workhorse Office Locations

Workhorse has offices in Loveland and Union City
Loveland, OH, US (HQ)
100 Commerce Dr
Union City, IN, US
940 IN-32, Union City, IN 47390, USA
Show all (2)

Workhorse Financials and Metrics

Workhorse Revenue

Workhorse's revenue was reported to be $1.39 m in FY, 2020
USD

Revenue (FY, 2020)

1.4m

Gross profit (FY, 2020)

(11.7m)

Gross profit margin (FY, 2020), %

(838.4%)

Net income (FY, 2020)

69.8m

EBIT (FY, 2020)

282.1m

Market capitalization (7-May-2021)

1.2b

Closing stock price (7-May-2021)

9.6

Cash (31-Dec-2020)

46.8m

EV

1.2b
Workhorse's current market capitalization is $1.2 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

190.0k272.1k177.5k177.5k140.0k6.4m10.8m763.2k376.6k1.4m

Revenue growth, %

(21%)4483%

Cost of goods sold

13.6m24.5m8.0m5.8m13.1m

Gross profit

(7.2m)(13.7m)(7.2m)(5.4m)(11.7m)
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%)
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

89.5k39.8k7.0k442.3k7.7m469.6k1.5m23.9m46.8m

Accounts Receivable

5.0k628.7k7.9k884.4k

Prepaid Expenses

51.2k13.0k44.0k74.6k3.1m2.3m4.8m32.8m

Inventories

122.0k41.0k392.8k392.8k78.9k2.5m2.5m1.8m15.5m
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

Cash

1.7m103.9k51.2k34.0k15.1k111.9k146.3k7.5k2.7m1.8m833.8k287.1k160.9k140.9k5.2m3.7m3.0m10.2m5.4m753.6k586.4k3.0m2.8m23.5m9.3m16.8m26.2m

Accounts Receivable

29.0k5.0k5.0k5.0k5.0k20.0k476.1k536.6k978.0k270.0k304.4k165.2k1.7k362.4k48.8k42.6k

Prepaid Expenses

15.6k72.4k39.3k39.3k13.0k41.0k57.8k93.9k48.2k48.2k71.0k81.5k109.5k1.1m972.5k698.3k144.2k1.5m767.1k215.8k181.1k536.4k2.0m1.7m6.4m4.8m4.8m

Inventories

82.0k122.0k122.0k122.0k82.0k441.0k441.0k393.8k392.8k392.8k392.8k331.0k272.6k199.0k1.9m3.6m5.1m9.5m5.0m5.0m4.9m2.5m2.2m2.4m2.6m4.2m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(8.7m)(4.3m)(6.1m)(6.6m)(9.4m)(19.6m)(41.2m)(36.5m)(37.2m)69.8m

Depreciation and Amortization

58.0k63.6k319.6k388.0k371.2k381.8k550.0k348.3k388.4k809.6k

Inventories

(122.0k)81.0k48.3k(2.5m)(2.2m)(399.8k)41.0k(13.7m)

Accounts Payable

915.9k399.5k293.2k460.8k907.3k2.4m3.1m2.4m(3.5m)5.5m
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

Net Income

(4.3m)(6.4m)(1.2m)(1.8m)(3.1m)(1.6m)(3.7m)(4.8m)(1.2m)(3.2m)(5.0m)(2.1m)(3.9m)(5.7m)(4.4m)(7.3m)(12.6m)(7.9m)(17.1m)(29.8m)(6.4m)(13.3m)(18.8m)(6.3m)(26.3m)(37.8m)4.8m(126.6m)

Depreciation and Amortization

27.9k42.6k16.2k32.9k48.5k15.2k116.7k218.2k101.5k203.0k294.6k93.8k187.8k281.8k93.5k190.0k286.3k143.1k269.0k415.2k48.4k152.5k251.9k96.7k193.8k291.3k171.8k368.4k

Inventories

82.0k(122.0k)40.0k47.3k(1.9m)(3.6m)(2.6m)(7.0m)(5.0m)(405.6k)(342.7k)(316.4k)

Accounts Payable

44.8k409.2k(76.9k)200.3k379.2k(114.5k)92.1k156.4k(299.5k)(142.9k)452.0k(121.9k)214.1k406.3k908.7k(3.3k)1.7m(1.3m)3.6m6.2m(70.0k)1.9m(1.1m)
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USDQ2, 2011

Financial Leverage

1.7 x
Show all financial metrics

Workhorse Operating Metrics

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

Electric Delivery Vans in Backlog (for UPS)

143343170

Vans for UPS Delivered

125200

E-GEN Electric Vehicles Delivered

23542

W-15 Units Orders Recieved

2.15 k4.65 k5 k
Show all operating metrics

Workhorse Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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Workhorse Online and Social Media Presence

Workhorse's Trends

Embed Graph

Workhorse News and Updates

May 06, 2021

SHAREHOLDER ALERT FILING DEADINE: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Workhorse Group Inc., of Class Action Lawsuit and Upcoming Deadline – WKHS

NEW YORK, May 06, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Workhorse Group Inc. (“Workhorse” or the “Company”) (NASDAQ: WKHS) and certain of its officers.   The class action, filed in the United States District Court for the Central Distri…
May 06, 2021

Kessler Topaz Meltzer & Checker, LLP: Final Deadline Reminder for Workhorse Group Inc. Investors - WKHS

RADNOR, Pa., May 6, 2021 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse") investors of lead plaintiff deadline in securities fraud class action lawsuit filed on behalf of those who purchased or acquired Workhorse...
May 05, 2021

Workhorse Stock Still Looks Speculative After 45% Decline This Year

Workhorse Group (NASDAQ: WKHS) – an electric vehicle player focused on delivery vehicles – has seen its stock price decline by about 8% over the last week (five trading days), compared to the S&P 500 which has remained roughly flat. While there hasn’t been too much news...
May 05, 2021

Workhorse Group, Inc. Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm

Investors with $200,000 of losses are encouraged to contact the firm before May 7, 2021; click here to submit trade information​
May 03, 2021

Final Deadline Approaching on May 7, 2021: Kessler Topaz Meltzer & Check, LLP Reminds Workhorse Group Inc. Investors of Class Action Lawsuit Deadline

RADNOR, Pa., May 03, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”) of deadline in securities fraud class action lawsuit filed in the United States District Court for the Central District of Cal…
April 30, 2021

The TurboAnt X7 Pro Scooter Is A Commuter Workhorse — CleanTechnica Review

TurboAnt has been pushing into the world of personal electric mobility over the last few years, starting with the TurboAnt X7. Well, they don’t sit idle very long and returned last year with an amped up version of the scooter called the TurboAnt X7 Pro that brings some handy new features to the tabl…
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Workhorse Blogs

May 05, 2021

Workhorse Partners with Coulomb Solutions to Supply its CATL Battery System

March 04, 2021

Workhorse Provides Further Update on USPS NGDV Response

November 09, 2020

Workhorse Group Reports Third Quarter 2020 Results

November 09, 2020

Workhorse Receives Purchase Order for 500 C-1000 All-Electric Delivery Trucks from Pritchard Companies for National Fleet Program with Inventory Finance Program Provided by Hitachi Capital America

October 28, 2020

Workhorse Group Submits Formal Application to the FAA for Type Certification of its HorseFly™ Delivery Drone

October 19, 2020

Workhorse C-Series Vehicles Receive Voucher Eligibility from the New York State Energy and Research Development Authority

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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, Robert Willison and Steve Schrader.

  • How many employees does Workhorse have?

    Workhorse has 81 employees.

  • What is Workhorse revenue?

    Latest Workhorse annual revenue is $1.4 m.

  • What is Workhorse revenue per employee?

    Latest Workhorse revenue per employee is $17.2 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.