CINCINNATI, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the second quarter ended June 30, 2024. Management Commentary "During the second quarter, we continued to advance our EV product roadmap and worked diligently to gain momentum with prospective customers," said Workhorse CEO Rick Dauch. "We successfully ex ...

业务发展策略 - 公司正在寻求通过扩大与现有和新客户的关系来有机增长业务[150] - 公司正在执行战略产品路线图,包括W4CC、W56等车型的生产和开发,并通过"Stables by Workhorse"计划获取最后一英里配送业务的实践经验[164] 成本节约措施 - 公司正在采取成本节约措施,包括裁员、高管推迟薪酬支付、暂时停工等,以改善流动性和营运资金[156][157][158] - 公司已完成Aero无人机业务的剥离,预计每月可节省约40万美元成本,有利于集中精力发展商用电动车业务[160][161] 资本运作 - 公司已完成1比20的股票反向拆分,以满足纳斯达克最低股价要求[162][163] - 公司可能通过ATM协议发行股票筹集资金,但受到一些限制条件的影响[194] 行业发展趋势 - 公司预计2025年电动车采用率将加速提高,与加州清洁车队法规的实施和联邦补贴政策有关[166] - 2024年美国总统大选结果可能影响电动车政策支持和补贴[171] 财务数据 - 销售净额为218.17百万美元，同比下降61.5%[173,174] - 成本of销售为1,474.41百万美元，同比增加7.2%[175,176] - 销售、一般及管理费用为2,616.18百万美元，同比下降8.8%[177,178] - 研发费用为552.07百万美元，同比下降55.1%[179,180] - 利息费用净额为679.13百万美元,主要由于2024年票据的公允价值调整和融资费用[181,182] - 2024年6月30日现金及现金等价物为5.3百万美元,流动资金为17.8百万美元[186,187] 经营现金流 - 经营活动现金流出30.06百万美元,投资活动现金流出3.76百万美元,筹资活动现金流入3.29百万美元[195,196] - 截至2024年6月30日止6个月,经营活动使用的净现金为3.01亿美元,较2023年同期的6.58亿美元减少[197] - 经营活动使用的净现金减少主要归因于减缓库存建设导致的2170万美元存货支出下降,以及裁员导致的500万美元员工薪酬及相关费用下降[197] - 投资活动使用的现金主要用于升级生产和研发设施,2024年上半年为380万美元,2023年上半年为1050万美元,主要由于印第安纳州联合城制造厂车型项目相关工具和设备支出下降[198] - 2024年上半年筹资活动提供的净现金为330万美元,主要来自于ATM计划下发行普通股,部分被2024年票据偿还所抵消[199] - 2023年上半年筹资活动提供的净现金为3.94亿美元,主要来自于ATM计划下发行普通股[200] 持续经营能力 - 公司持续经营能力存在重大不确定性,需要通过增加销售、削减开支和获得额外融资来改善流动性[188-193] 不利因素 - 公司面临原材料价格上涨、供应链挑战和通胀压力等不利因素[167][168][169][170]

CINCINNATI, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles today announced that it has rescheduled its earnings call, which will now be held on Tuesday, August 20th at 11:00 a.m. Eastern time (8:00 a.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2024 as well as the Company's plans and outlook. Financial resul ...

CINCINNATI, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, will hold a conference call on Wednesday, August 14th at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2024 as well as the Company's plans and outlook. Financial results will be issued in a press release prior to the c ...

CINCINNATI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the first delivery of its W56 step van as part of an ongoing collaboration with NorCal Transports Inc. ("NorCal"), a last-mile package delivery contractor in Richmond, California. The delivery, facilitated through Workhorse's Certified Dealer, Kingsburg Truck Sales, provides ...

CINCINNATI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the first delivery of its W56 step van as part of an ongoing collaboration with NorCal Transports Inc. ("NorCal"), a last-mile package delivery contractor in Richmond, California. The delivery, facilitated through Workhorse's Certified Dealer, Kingsburg Truck Sales, provides ...

文章核心观点 - 公司参与即将在加州奥克兰举行的零排放车辆展示和试驾活动 [1][2][3] - 公司将展示其电动中型W56厢式货车和W4 CC底盘车型 [2] - 这些车型符合加州HVIP和ISEF等补贴计划的资格 [2] - 该活动为了让参与者了解电动卡车和公交车等零排放技术在实际应用中的表现 [3] - 活动还将提供相关补贴计划的信息,帮助运营商更好地过渡到电动车 [4][5] 公司概况 - 公司是一家专注于开发零排放商用车的美国技术公司 [1][7] - 公司设计和制造高性能电动卡车 [7] - 公司还开发云端实时监控系统,帮助运营商优化能源和路径效率 [7] 行业概况 - 该活动由加州资源委员会(CARB)和CALSTART组织 [1][3][6] - CALSTART是一家非营利性组织,致力于推动清洁交通技术的发展和应用 [6] - 该活动旨在展示电动卡车、公交车等零排放车型在实际应用中的表现 [3] - 这些技术有助于提高运输效率,减少对环境的影响 [7]

CINCINNATI, July 24, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company") an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced its participation in the upcoming Zero-Emissions Showcase + Ride & Drive, hosted by the California Air Resources Board (CARB) and CALSTART. The event will take place on August 14, 2024, from 9:00 AM to 4:00 PM at the Oakland Arena in Oakland, California. Registration for the e ...

CINCINNATI, July 18, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced McAbee Trucking, Inc., a pioneer in the operation of alternative fuel trucks on Star Carrier Mail Contractor Routes, has taken a step forward in sustainable transportation by acquiring a new all-electric W4 CC box truck from Workhorse. This purchase marks McAbee Trucking's fi ...

The W4 CC electric box truck is equipped to perform a 120-mile daily round trip mail route between Blacksburg, South Carolina, and Shelby, North Carolina. This addition underscores McAbee Trucking's commitment to lowering emissions while maintaining their impressive reliability record and an on-time dispatch rating of over 99% by the U.S. Postal Service. Greg Reed, Executive Director of the National Star Route Mail Contractors Association, also commented on this significant development: "The National Star R ...