Workhorse was founded in 2007 and is headquartered in Loveland, US
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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
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Workhorse Financials and Metrics
Workhorse Financials
Workhorse's revenue was reported to be $10.85 m in FY, 2017
| USD | |
|---|---|
Revenue (FY, 2017) | 10.8 m |
Gross profit (FY, 2017) | (13.7 m) |
Gross profit margin (FY, 2017), % | (126%) |
Net income (FY, 2017) | (42.2 m) |
Market capitalization (16-Feb-2018) | 4 m |
Cash (31-Dec-2017) | 4.1 m |
EV | 2 m |
Workhorse's current market capitalization is $4 m.
Annual
Quarterly
| USD | Q3, 2013 | Q2, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 177.5 k | 177.5 k | 68 k | 72 k | 236 k | 1.2 m | 1.9 m | 1.8 m | 270 k | 3.3 m | |
Cost of goods sold | 464.4 k | 2.3 m | 4.2 m | 4.3 m | 995.9 k | 7.6 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%) |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 7.5 k | 2.7 m | 1.8 m | 833.8 k | 287.1 k | 160.9 k | 140.9 k | 5.2 m | 3.7 m | 3 m | 10.2 m | 5.4 m | 9.8 m |
Accounts Receivable | 20 k | 476.1 k | 536.6 k | 978 k | 270 k | 225 k | |||||||
Inventories | 393.8 k | 392.8 k | 392.8 k | 392.8 k | 331 k | 272.6 k | 199 k | 1.9 m | 3.6 m | 5.1 m | 9.5 m | 7.5 m | |
PP&E | 4.5 m | 4.3 m | 4.2 m | 4.1 m | 4 m | 3.9 m | 3.8 m | 3.7 m | 3.6 m | 3.6 m | 5.9 m | 5.8 m |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 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 k | 101.5 k | 101.5 k | 91.6 k | 93.8 k | 187.8 k | 281.8 k | 93.5 k | 190 k | 286.3 k | 143.1 k | 269 k | |
Inventories | 47.3 k | (1.9 m) | (3.6 m) | (2.6 m) | (7 m) | 7.5 m | |||||||
Accounts Payable | 64.3 k | (299.5 k) | 156.6 k | 594.9 k | (121.9 k) | 214.1 k | 406.3 k | 908.7 k | (3.3 k) | 1.7 m | (1.3 m) | 3.6 m | 10.1 m |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 137.3 k |
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Workhorse News and Updates
April 03, 2018
WB Mason Receives Ryder-Managed Fleet Of Workhorse E-GEN Electric Vans
The US-based office products dealer W.B. Mason has now taken delivery of its Ryder-managed fleet of Workhorse E-GEN electric, range-extended step vans
March 28, 2018
They’re not sexy like Teslas, but electric delivery vans are coming to San Francisco
Workhorse Group, an Ohio-based equipment manufacturer, is delivering its first four N-Gen model all-electric vans to the Bay Area this week. The vehicles are part of a pilot program and could play a big role in keeping down smog and CO2 pollution. They also save money, according to Workhorse. “We be…
March 26, 2018
Workhorse Will Unveil Its N-Gen All Electric Van In San Francisco On March 28
The all-electric all-wheel-drive N-Gen van from Workhorse will be unveiled to the public for the first time on March 28 at the San Francisco city hall. It will be available to customers in the Bay Area starting in April.
February 22, 2018
Workhorse Fleet Of Electric Delivery Trucks For UPS Cost Competitive With Conventional Trucks Without Subsidies
UPS has added 50 Workhorse plug-in hybrid delivery vans to its US fleet. The trucks are 4 times more efficient that conventional diesel powered vans and cost no more, even without incentives.
January 11, 2018
Workhorse W-15 Orders Now Open To The Public
Workhorse has brought its W-15 plug-in hybrid pickup truck, N-Gen delivery van, and SureFly helicopter to CES 2018, where CEO Steve Burns announced that the company is now accepting reservations for the W-15 from private individuals.
January 06, 2018
Workhorse Gets Approved To Test Its SureFly Electric Hybrid Helicopter
There is something going on at Workhorse, and its latest press release hints at what the company is trying to do. After the announcement of its newest electric vehicle (EV) van, it is now announcing that the US Federal Aviation Administration (FAA) has given it a green light to fly its electric heli…
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