Workhorse group inc. (WKHS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

84

-

4

-

364

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

5

-

-

-

170

560

-

3,066

252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

1,570

3,038

1,906

1,234

236

0

72

67

0

0

0

177

0

0

177

0

0

-

0

222

-

0

0

107

82

-

-

Cost of sales

1,747

-

1,423

930

1,397

-

1,476

1,655

1,698

11,533

7,558

995

4,312

6,645

4,173

2,294

464

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warranty expense

-

-

-

-

-

-

-

-

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross loss

-1,663

-2,090

-1,419

-924

-1,033

-11,085

-1,465

-1,485

-1,154

-6,500

-4,492

-743

-2,742

-3,607

-2,267

-1,060

-228

0

72

67

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses
Selling, general and administrative

5,565

3,561

2,551

1,996

2,090

2,719

3,363

3,003

2,400

1,510

2,808

2,601

1,899

1,446

1,968

1,616

1,170

34

1,789

968

1,068

428

797

1,178

545

633

585

1,092

826

-

-

-

-

-

-

-

-

-

-

Research and development

1,902

3,979

1,640

1,216

1,362

1,709

1,449

1,894

2,337

3,598

5,084

5,811

3,243

1,921

1,024

258

2,940

1,274

1,745

872

847

1,072

895

899

569

606

562

994

728

-

-

-

-

-

-

-

-

-

-

Engineering, temporary labor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

0

0

0

3

2

16

27

64

Facilities, repairs & maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

5

6

6

-

31

-

-

-

-

Facilities, repairs & maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

12

12

5

Utilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

7

8

10

11

5

5

9

6

5

Loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

0

-

-

-

0

-

-

-0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

6

6

8

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

23

9

4

3

Total operating expenses

7,468

7,540

4,191

3,212

3,453

4,428

4,812

4,897

4,737

5,109

7,893

8,412

5,142

3,368

2,992

1,875

4,111

1,309

3,535

1,841

1,915

1,500

1,692

2,078

1,114

1,240

1,147

2,087

1,555

1,206

1,283

894

1,160

2,311

2,120

2,518

1,945

1,055

1,126

Other income

864

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

-8,266

-

-5,611

-

-4,486

-

-6,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest (income) expense, net

13,023

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payroll and payroll taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

362

461

398

550

720

842

715

625

324

311

Employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

32

42

44

-

-

-

-

-

-

Employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

68

65

47

23

Stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

36

66

153

635

168

866

332

67

362

Batteries and motors and supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

49

130

-6

114

266

338

412

242

69

Legal and professional

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

471

42

111

-

-

-

-

-

-

Legal and professional

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

111

169

83

98

Advertising

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

345

26

23

35

47

76

81

87

119

1

Consulting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-21

12

62

331

201

125

101

51

75

Travel and entertainment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

26

19

29

49

51

76

34

25

42

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

Rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

34

38

38

48

34

28

28

25

25

Insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

45

20

17

35

39

37

27

3

22

Vehicles, development and testing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

57

-

190

0

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

15

16

16

15

14

16

11

10

-

Interest (income) expense, net

-

5,563

5,882

15,922

1,777

2,175

-792

526

525

96

26

21

35

1

2

0

39

383

329

108

143

-

95

64

-

-

-

-

-

74

70

61

24

7

0

1

1

2

4

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

4,756

-

-

-

-6,264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of common stock warrant liability

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

79

75

75

28

-

-

-

-

-

-

-

-

-

-

Net income (loss)

4,756

655

-11,493

-20,060

-6,264

-17,689

-5,485

-6,909

-6,417

-11,705

-12,412

-9,178

-7,920

-6,977

-5,262

-2,935

-4,380

-1,693

-3,793

-1,881

-2,059

-1,647

-1,787

-1,965

-1,207

-1,319

-1,045

-2,162

-1,583

-1,156

-1,283

-672

-1,160

-2,311

-2,120

-2,410

-1,862

-1,055

-

Deemed dividends

-

-

-

86

-

-

-

765

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend - September 2017 Warrants

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-

-

-

-20,146

-

-

-

-7,674

-

-

-12,412

-9,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-0.35

-0.26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-0.17

-0.33

-

-

-0.12

-0.18

-0.16

-

-

-

-0.24

-0.16

-0.25

-0.14

-0.23

-0.06

-0.24

-0.12

-0.13

-0.46

-0.01

-0.01

-0.01

-0.02

-0.01

-0.03

-0.02

-0.02

-0.03

-0.02

-0.03

-0.06

-0.06

-0.07

-0.07

-0.05

-

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

-

-

66,176

60,530

-

72,654

46,192

42,406

40,258

50,854

35,930

35,273

32,965

37,893

20,665

20,665

21,580

22,259

15,817

15,817

15,279

-320,615

146,897

146,897

81,233

65,176

80,655

78,504

78,504

62,412

39,570

38,912

38,765

37,968

37,115

32,192

28,278

-

-

Net loss during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,126

Net income (loss) attributable to common stockholders per share - basic (in usd per share)

0.07

-

-

-

-0.11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.06

Net income (loss) attributable to common stockholders per share - diluted (in usd per share)

0.06

-

-

-

-0.11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding, basic (in shares)

68,465

-

-

-

55,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,927

20,284

Weighted average shares outstanding, diluted (in shares)

83,768

-

-

-

55,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-