Workhorse group inc. (WKHS)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Net sales

376

763

-

-

-

-

-

-

-

-

Cost of sales

5,752

7,981

-

-

-

-

-

-

-

-

Warranty expense

92

7,972

-

-

-

-

-

-

-

-

Net sales

-

-

10,038

-

-

-

-

-

-

-

Net sales

-

-

-

6,414

139

177

177

272

190

140

Cost of sales

-

-

24,399

13,578

0

-

-

-

-

-

Warranty expense

-

-

117

-

-

-

-

-

-

-

Gross loss

-5,468

-15,190

-14,478

-7,163

139

-

-

-

-

-

Operating expenses
Selling, general and administrative

10,199

11,485

8,820

6,202

3,860

2,950

3,137

-

-

-

Research and development

8,199

7,391

17,737

6,145

4,740

3,436

2,892

-

-

-

Engineering, temporary labor

-

-

-

-

-

-

-

4

23

203

Facilities, repairs & maintenance

-

-

-

-

-

-

-

42

82

-

Facilities, repairs & maintenance

-

-

-

-

-

-

-

-

-

49

Utilities

-

-

-

-

-

-

-

39

32

28

Loss on sale of assets

-

-

-

-

-

-

-

-14

-7

-8

Other

-

-

-

-

-

-

-

31

64

-

Other

-

-

-

-

-

-

-

-

-

16

Total operating expenses

18,398

18,877

26,557

12,348

8,600

6,387

6,029

4,544

8,895

5,168

Other income

15,849

0

-

-

-

-

-

-

-

-

Loss from operations

-8,017

-34,067

-

-

-

-

-

-

-

-

Payroll and payroll taxes

-

-

-

-

-

-

-

1,773

2,903

1,327

Employee benefits

-

-

-

-

-

-

-

157

221

-

Employee benefits

-

-

-

-

-

-

-

-

-

133

Stock based compensation

-

-

-

-

-

-

-

338

2,002

1,436

Batteries and motors and supplies

-

-

-

-

-

-

-

240

1,131

719

Legal and professional

-

-

-

-

-

-

-

709

546

-

Legal and professional

-

-

-

-

-

-

-

-

-

370

Advertising

-

-

-

-

-

-

-

429

293

260

Consulting

-

-

-

-

-

-

-

59

759

284

Travel and entertainment

-

-

-

-

-

-

-

85

212

88

Rent

-

-

-

-

-

-

-

148

139

100

Insurance

-

-

-

-

-

-

-

116

139

86

Vehicles, development and testing

-

-

-

-

-

-

-

57

264

-

Depreciation

-

-

-

-

-

-

-

63

58

40

Interest (income) expense, net

29,145

2,434

180

44

965

398

-

230

10

13

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total

-37,162

-36,502

-

-

-

-

-

-

-

-

Provision for income taxes

0

0

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

258

-

-

-

Net income (loss)

-37,162

-36,502

-41,216

-19,555

-9,426

-6,608

-6,110

-4,272

-8,705

-5,028

Net loss attributable to common stockholders

-

-

-41,216

-

-

-

-

-

-

-

Income (loss) from continuing operations, per basic and diluted share (in usd per share)

-0.58

-0.74

-1.06

-

-

-

-

-

-

-

Net loss attributable to common stockholders, basic and diluted (in usd per share)

-

-

-

-0.78

-0.55

-0.49

-0.08

-0.10

-0.26

-0.23

Weighted average number of shares outstanding, basic and diluted (in shares)

64,314

50,377

38,755

25,201

17,293

13,602

75,710

44,915

33,888

-

Weighted average number of common shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

22,019