Workhorse Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Workhorse Group (NASDAQ:WKHS) Full Year 2023 Results

Key Financial Results

• Revenue: US$13.1m (up 161% from FY 2022).
• Net loss: US$123.9m (loss widened by 5.7% from FY 2022).
• US$0.60 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Workhorse Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Workhorse Group has 5 warning signs (and 2 which are a bit concerning) we think you should know about.

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