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 $6.4 m in FY, 2016 which is a 4483% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

6.4 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

(7.2 m)

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(19.6 m)

Market capitalization (26-May-2017)

125.9 m

Closing share price (26-May-2017)


Cash (31-Dec-2016)

469.6 k


127.6 m
Workhorse's current market capitalization is $125.9 m.
Numbers are in $, 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)

Gross profit Margin, %


Operating expense total

6.4 m8.6 m12.3 m

Interest expense

399 k965.9 k44 k

Net Income

(9.4 m)(19.6 m)
Numbers are in $, 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

Total Assets

4.9 m5 m14.6 m10.2 m

Accounts Payable

1.5 m1.6 m1.6 m3.9 m

Total Debt

2.6 m3.8 m2.2 m

Additional Paid-in Capital

20.3 m27.1 m33.6 m60.3 m

Retained Earnings

(43.5 m)(63.1 m)

Debt to Assets Ratio

0.5 x0.8 x0.2 x
Numbers are in $, 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)

Accounts Payable

293.2 k460.8 k907.3 k2.4 m

Capital Expenditures

(63)(23.1 k)(65.2 k)(528.1 k)

Cash From Investing Activities

(2.8 m)(23.1 k)(65.2 k)(528.1 k)

Long-term Borrowings

(5 k)(2.7 m)

Cash From Financing Activities

5.4 m4.9 m15.5 m12.4 m
Numbers are in $, USDY, 2016


427.7 k


0.2 x

Workhorse Market Value History

Workhorse Online and Social Media Presence

Workhorse News and Updates

Workhorse Company Life and Culture

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