Workhorse (WKHS) stock price, revenue, and financials

Workhorse market cap is $2.8 b, and annual revenue was $376.56 k in FY 2019

$2.8 B

WKHS Mkt cap, 22-Sept-2020

$91.9 K

Workhorse Revenue Q2, 2020
Workhorse Gross profit (Q2, 2020)-1.4 M
Workhorse Gross profit margin (Q2, 2020), %(1543.8%)
Workhorse Net income (Q2, 2020)-131.3 M
Workhorse EBIT (Q2, 2020)-7 M
Workhorse Cash, 30-Jun-202026.2 M
Workhorse EV2.8 B

Workhorse Income Statement

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)

Gross profit Margin, %

(112%)(126%)(946%)(1428%)

Sales and marketing expense

293.6k429.0k119.7k

R&D expense

2.1m3.4m4.7m6.1m17.7m7.4m8.2m

General and administrative expense

3.0m3.9m6.2m9.6m11.5m10.2m

Operating expense total

293.6k2.5m119.7k6.4m8.6m12.3m27.4m18.9m2.5m

Depreciation and amortization

319.6k

EBIT

(8.0m)

EBIT margin, %

(2129%)

Interest expense

10.6k230.9k258.3k399.0k965.9k44.0k180.4k2.4m29.1m

Pre tax profit

(37.2m)

Income tax expense

Net Income

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

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%)

Sales and marketing expense

81.9k76.5k35.1k23.0k26.0k35.0k7.0k5.4k

R&D expense

535.0k449.0k495.0k486.0k569.4k899.7k895.7k847.1k872.2k1.7m2.9m258.2k1.0m3.2m5.8m5.1m2.3m1.9m1.4m1.4m1.2m1.6m1.9m1.6m

General and administrative expense

545.5k1.2m797.2k1.1m968.8k1.8m1.2m1.6m2.0m2.1m2.6m3.3m2.4m3.0m3.4m2.1m2.0m2.6m5.6m3.9m

Operating expense total

81.9k76.5k35.1k558.0k475.0k530.0k493.0k5.4k1.1m2.1m1.7m1.9m1.8m3.5m4.1m1.9m3.0m5.4m8.5m8.4m4.7m4.9m4.8m3.5m3.2m4.2m6.6m5.6m

Depreciation and amortization

101.5k

EBIT

(5.6m)(8.3m)(7.0m)

EBIT margin, %

(131787%)(9806%)(7597%)

Interest expense

1.2k951.024.5k61.4k70.5k28.6k75.4k75.0k92.2k64.8k95.0k144.0k108.2k329.7k39.7k567.02.8k35.7k21.9k26.9k525.9k526.2k734.5k1.8m15.9m5.9m124.3m

Pre tax profit

4.8m(131.3m)

Income tax expense

Net Income

(2.4m)(2.1m)(1.2m)(672.0k)(1.3m)(1.6m)(2.2m)(1.0m)(1.2m)(2.0m)(1.8m)(2.1m)(1.9m)(3.8m)(4.4m)(2.9m)(5.3m)(7.9m)(9.2m)(12.7m)(6.4m)(6.9m)(5.5m)(6.3m)(20.1m)(11.5m)4.8m(131.3m)

Workhorse Balance Sheet

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

Current Assets

267.7k93.8k443.7k909.6k10.9m6.4m31.5m

PP&E

182.2k126.8k4.4m4.0m3.7m6.0m5.2m6.8m

Total Assets

449.9k220.7k4.9m5.0m14.6m10.2m11.8m50.7m

Accounts Payable

1.4m1.3m1.5m1.6m1.6m3.9m4.3m1.7m

Short-term debt

20.6k230.8k338.2k35.9k16.3m79.5k19.6m

Current Liabilities

1.9m2.4m4.5m3.3m18.4m47.0m

Long-term debt

69.6k362.2k2.3m2.5m2.8m2.1m8.3m19.4m

Total Debt

90.2k592.9k2.6m3.8m16.3m2.2m2.1m8.3m39.0m

Common Stock

38.7k56.0k82.7k149.9k18.2k58.3k67.1k

Preferred Stock

Additional Paid-in Capital

12.1m15.0m20.3m27.1m33.6m60.3m298.2k143.8m

Retained Earnings

(43.5m)(63.1m)(141.6m)(178.8m)

Total Equity

(1.6m)(2.6m)(1.9m)(809.4k)(3.8m)41.5k(15.4m)(34.9m)

Debt to Equity Ratio

-0.1 x-0.2 x-1.4 x-4.7 x-4.3 x50.4 x-0.5 x

Debt to Assets Ratio

0.2 x2.7 x0.5 x0.8 x1.1 x0.2 x0.7 x

Financial Leverage

-0.3 x-0.1 x-2.5 x-6.1 x-3.9 x-0.8 x-1.5 x

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

Current Assets

1.8m303.3k217.5k200.4k115.2k593.9k645.1k495.1k3.1m2.2m1.3m699.6k543.0k1.4m6.2m6.7m7.3m17.9m16.0m6.3m5.9m8.5m7.8m27.5m18.9m24.3m35.2m

PP&E

134.6k171.1k166.0k178.0k148.0k4.7m4.6m4.5m4.3m4.2m4.1m4.0m3.9m3.8m3.7m3.6m3.6m5.9m5.8m5.5m5.4m5.4m5.1m8.0m8.9m6.8m7.1m

Total Assets

1.9m474.5k383.5k378.4k263.2k5.3m5.3m5.0m7.5m6.5m5.4m4.7m4.4m5.2m9.9m10.3m10.9m24.0m22.0m12.1m11.6m14.2m13.1m35.7m28.0m44.2m55.5m

Accounts Payable

496.2k860.6k1.3m1.6m1.7m1.1m1.3m1.4m1.3m1.4m1.4m1.5m1.8m1.8m2.4m1.5m3.2m2.6m7.5m4.2m5.8m2.9m3.6m2.0m995.5k3.1m2.1m

Short-term debt

6.3k6.4k21.9k23.1k21.2k377.2k392.4k392.5k248.5k38.6k2.5m2.8m3.2m3.6m50.0k50.0k50.0k80.0k30.5k381.7k6.1m7.8m4.1m5.9m6.4m20.2m627.1k

Current Liabilities

757.3k1.1m2.7m3.3m4.0m2.6m3.0m3.6m6.3m1.8m1.8m4.9m6.1m6.8m4.3m3.5m4.8m2.7m8.6m6.7m15.1m12.2m22.7m36.1m39.4m39.3m105.2m

Long-term debt

22.0k20.4k66.7k63.9k64.2k2.4m2.4m2.3m2.5m2.5m2.5m10.0k10.0k10.0k50.0k50.0k50.0k2.1m2.1m7.0m1.7m4.8m8.4m8.6m8.2m7.4m783.9k

Non-Current Liabilities

2.1m2.1m

Total Debt

28.4k26.8k88.6k87.0k85.4k2.8m2.8m2.7m2.7m2.5m2.5m3.0m3.2m3.6m50.0k13.6m50.0k2.2m2.1m2.1m7.3m7.8m12.6m12.5m14.4m14.6m27.6m1.4m

Common Stock

37.1k37.3k38.9k38.9k41.2k76.6k80.5k81.5k98.2k146.9k149.1k165.3k168.4k176.0k22.6k24.2k26.4k36.0k36.4k42.0k45.0k56.3k61.5k66.1k66.2k69.5k89.3k

Preferred Stock

1.0

Additional Paid-in Capital

11.1m11.3m12.2m12.2m12.6m19.1m19.9m20.2m21.9m26.8m27.0m29.7m30.1m31.8m47.1m51.6m55.6m90.2m256.3k109.1m298.2k298.2k129.8m140.5m141.0m150.9m233.7m

Retained Earnings

(38.0m)(39.8m)(47.9m)(50.8m)(56.1m)(71.0m)(80.2m)(110.7m)(118.4m)(123.9m)(147.8m)(168.0m)(179.5m)(174.0m)(305.4m)

Total Equity

1.2m(693.7k)(2.4m)(3.0m)(3.8m)293.9k(181.3k)(936.9k)(1.3m)2.2m1.2m(218.6k)(1.7m)(1.5m)5.6m6.8m6.1m19.2m11.3m(1.6m)(5.2m)2.0m(18.0m)(27.4m)(38.4m)(22.0m)(70.5m)

Debt to Equity Ratio

0 x0 x0 x0 x0 x9.6 x-15.5 x-2.9 x-2.1 x1.2 x2.2 x-13.6 x-1.9 x-2.3 x0 x2 x0 x0.1 x0.2 x-4.7 x-1.5 x6.3 x-0.7 x-0.5 x-0.4 x

Debt to Assets Ratio

0 x0.1 x0.2 x0.2 x0.3 x0.5 x0.5 x0.5 x0.4 x0.4 x0.5 x0.6 x0.7 x0.7 x0 x1.3 x0 x0.1 x0.1 x0.6 x0.7 x0.9 x1 x0.4 x0.5 x

Financial Leverage

1.7 x-0.7 x-0.2 x-0.1 x-0.1 x18.1 x-29 x-5.3 x-5.7 x3 x4.7 x-21.4 x-2.6 x-3.4 x1.8 x1.5 x1.8 x1.3 x1.9 x-7.8 x-2.3 x7.1 x-0.7 x-1.3 x-0.7 x-2 x-0.8 x

Workhorse Cash Flow

Annual

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

Accounts Receivable

(29.0k)53.0k(20.0k)(476.1k)(536.6k)(349.3k)358.7k403.7k693.3k842.8k1.0m(351.1k)24.1k33.9k(35.4k)(15.3k)

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)

Cash From Operating Activities

(3.1m)(4.8m)(929.7k)(1.2m)(1.7m)(945.8k)(1.5m)(2.2m)(556.3k)(1.9m)(2.9m)(1.5m)(2.8m)(4.2m)(3.4m)(9.2m)(13.3m)(13.0m)(19.7m)(28.3m)(4.6m)(7.6m)(17.3m)(5.8m)(11.8m)(24.1m)(7.8m)(17.8m)

Purchases of PP&E

(86.3k)(137.5k)(28.8k)(28.8k)(63.0)(26.2k)(35.5k)(32.5k)(28.9k)(90.7k)(148.1k)(35.9k)(70.6k)(85.6k)(131.3k)(3.0m)(4.0m)(464.0k)(974.1k)

Capital Expenditures

(5.0m)(5.0m)(5.0m)

Cash From Investing Activities

(86.3k)(137.5k)(28.8k)(28.8k)(5.0m)(5.0m)(5.0m)(26.2k)(35.5k)(32.5k)(28.9k)(90.7k)(148.1k)74.8k54.4k48.9k(126.5k)(3.0m)(4.0m)(464.0k)(974.1k)

Short-term Borrowings

(5.7m)

Long-term Borrowings

(3.1k)(4.6k)(1.6k)(3.2k)(4.8k)(17.1k)(41.0k)(103.9k)(150.7k)(320.2k)(323.3k)(2.3k)(4.2k)(5.0k)(2.7m)(2.7m)(4.8k)(62.0k)(69.3k)(9.0k)(16.8k)(2.1m)

Dividends Paid

(765.2k)(765.2k)(86.2k)

Cash From Financing Activities

4.5m4.7m891.4k1.2m1.7m6.0m6.6m7.2m3.3m3.7m3.7m1.4m2.6m3.9m963.0k5.3m8.9m22.7m24.6m37.6m1.3m4.1m16.4m7.1m36.8m36.8m243.0k20.1m

Net Change in Cash

1.3m(281.4k)(38.3k)(55.5k)(74.3k)72.1k106.5k(32.4k)2.7m1.8m826.8k(155.2k)(281.3k)(301.4k)(2.5m)(4.0m)(4.6m)9.8m5.0m9.4m(3.3m)(3.5m)(1.1m)1.3m22.0m8.6m(8.0m)1.3m

Free Cash Flow

(5.9m)(6.5m)(7.2m)

Workhorse Ratios

USDQ2, 2011

Financial Leverage

1.7 x

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

Workhorse Vehicles

150 195

Workhorse Employee Rating

3.96 votes
Culture & Values
3.2
Work/Life Balance
4.2
Senior Management
3.1
Salary & Benefits
3.3
Career Opportunities
3.2
Source