the workhorse group designs and produces battery-electric power trains in its 50,000 sq. ft. facility in loveland, oh for its new workhorse chassis. workhorse’s approach to building its battery electric power trains uses proven, automotive-grade, mass-produced parts coupled with its custom designed, proprietary control software. workhorse group inc. is an original equipment manufacturer (oem) of class 3-6 workhorse brand medium-duty truck chassis. its 200,000 sq. ft. assembly plant enables it to build the tried and true w62 chassis and the new, narrower-track w88 chassis at price points and performance specifications sure to be attractive to fleet purchasers. the horsefly™ uav delivery system is a custom built, high efficiency octocopter-based delivery uav that is fully integrated with our line of electric/hybrid delivery trucks. the horsefly system is designed to conform to the faa guidelines for uav operation in the u.s. most notably, being fully integrated with delivery trucks, the
Company profile
Ticker
WKHS
Exchange
Website
CEO
Duane Hughes
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMP Holding Inc., Title Starts Online, Inc.
SEC CIK
Corporate docs
Subsidiaries
Workhorse Technologies Inc. • Horsefly Inc. • Workhorse Motor Works Inc. • Workhorse Properties Inc. • Stables & Stalls LLC • RouteHorse LLC ...
IRS number
261394771
WKHS stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
3 Apr 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
22 Mar 24
PRE 14A
Preliminary proxy
22 Mar 24
424B5
Prospectus supplement for primary offering
15 Mar 24
8-K
Entry into a Material Definitive Agreement
15 Mar 24
8-K
Results of Operations and Financial Condition
12 Mar 24
10-K
2023 FY
Annual report
12 Mar 24
8-K
Entry into a Material Definitive Agreement
1 Mar 24
8-K
Entry into a Material Definitive Agreement
1 Feb 24
Transcripts
WKHS
Earnings call transcript
2023 Q4
12 Mar 24
WKHS
Earnings call transcript
2023 Q3
14 Nov 23
WKHS
Earnings call transcript
2023 Q2
8 Aug 23
WKHS
Earnings call transcript
2023 Q1
15 May 23
WKHS
Earnings call transcript
2022 Q4
1 Mar 23
WKHS
Earnings call transcript
2022 Q3
8 Nov 22
WKHS
Earnings call transcript
2022 Q2
9 Aug 22
WKHS
Earnings call transcript
2022 Q1
10 May 22
WKHS
Earnings call transcript
2021 Q4
1 Mar 22
WKHS
Earnings call transcript
2021 Q3
9 Nov 21
Latest ownership filings
4
John Wesley Graber
23 Apr 24
4
Ryan Wesley Gaul
23 Apr 24
4
Joshua Joseph Anderson
23 Apr 24
4/A
John Wesley Graber
23 Apr 24
4/A
Stanley Raymond March
23 Apr 24
4/A
James Peters
23 Apr 24
4/A
JACQUELINE A DEDO
23 Apr 24
SC 13G/A
BlackRock Inc.
5 Apr 24
4
James Peters
3 Apr 24
4
James D. Harrington
19 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 38.87 mm | 38.87 mm | 38.87 mm | 38.87 mm | 38.87 mm | 38.87 mm |
Cash burn (monthly) | 7.84 mm | 6.77 mm | 10.22 mm | 9.92 mm | 9.92 mm | 10.28 mm |
Cash used (since last report) | 53.70 mm | 46.39 mm | 69.99 mm | 67.97 mm | 67.93 mm | 70.44 mm |
Cash remaining | -14.84 mm | -7.52 mm | -31.12 mm | -29.11 mm | -29.07 mm | -31.58 mm |
Runway (months of cash) | -1.9 | -1.1 | -3.0 | -2.9 | -2.9 | -3.1 |
Institutional ownership, Q3 2023
18.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 175 |
Opened positions | 24 |
Closed positions | 33 |
Increased positions | 39 |
Reduced positions | 39 |
13F shares | Current |
---|---|
Total value | 21.82 bn |
Total shares | 58.52 mm |
Total puts | 941.60 k |
Total calls | 483.60 k |
Total put/call ratio | 1.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 13.02 mm | $5.40 bn |
STT State Street | 9.98 mm | $4.14 bn |
Vanguard | 9.42 mm | $3.90 bn |
Geode Capital Management | 4.24 mm | $1.76 bn |
Baksa Stephen D | 4.00 mm | $67.44 mm |
Lukens Joseph Theodore JR | 1.87 mm | $44.18 mm |
Charles Schwab Investment Management | 1.61 mm | $669.20 mm |
NTRS Northern Trust | 1.51 mm | $626.04 mm |
Susquehanna International | 1.27 mm | $527.96 mm |
Mitsubishi UFJ Kokusai Asset Management | 1.23 mm | $508.03 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Apr 24 | Ryan Wesley Gaul | Common Stock, $0.001 par value per share | Payment of exercise | Dispose F | No | No | 0.158 | 2,040 | 322.32 | 1,053,688 |
20 Apr 24 | John Wesley Graber | Common Stock, $0.001 par value per share | Payment of exercise | Dispose F | No | No | 0.1613 | 2,136 | 344.54 | 705,736 |
20 Apr 24 | Joshua Joseph Anderson | Common Stock, $0.001 par value per share | Payment of exercise | Dispose F | No | No | 0.1613 | 6,150 | 992.00 | 722,795 |
1 Apr 24 | James Peters | Common Stock, $0.001 par value per share | Payment of exercise | Dispose F | No | No | 0.227 | 1,412 | 320.52 | 537,772 |
15 Mar 24 | James D. Harrington | Common Stock, $0.001 par value per share | Payment of exercise | Dispose F | No | No | 0.266 | 5,825 | 1.55 k | 1,238,135 |
News
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20 Apr 24
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2 Apr 24
DA Davidson Maintains Neutral on Workhorse Gr, Lowers Price Target to $0.5
1 Apr 24
Press releases
Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence
24 Apr 24
Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group
10 Apr 24
Ballard Announces Appointment of Jacqui Dedo to Board of Directors
27 Mar 24
Workhorse Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Tuesday, March 12, 2024 at 12:00 p.m. ET
1 Mar 24
Workhorse Group Adds Riverview International Trucks as its Fifth California Dealer
22 Feb 24