2023-08-08 09:04:15 ET
- Workhorse Group press release ( NASDAQ: WKHS ): Q2 GAAP EPS of -$0.12 beats by $0.02 .
- Revenue of $3.97M misses by $13.95M .
- Based on improved clarity gained from the emerging commercial EV market experience in the first half of the year, Workhorse now expects to generate between $65-85 million in revenue for calendar year 2023.
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“The Workhorse team is ramping up production and deliveries for our products while taking steps to expand our dealer network and ensure we have the financial resources to achieve our strategic goals,” said Workhorse CFO Bob Ginnan. “We have built a strong foundation in all areas of our business and are confident in our ability to deliver continued revenue growth and enhanced shareholder value in the near-term.”
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Workhorse Group GAAP EPS of -$0.12 beats by $0.02, revenue of $3.97M misses by $13.95M