Workhorse group inc. (WKHS)
Income statement / TTM
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

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

401

-

-

-

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

7,748

6,414

3,376

1,542

375

139

140

68

177

177

177

354

177

177

177

222

0

-

0

0

-

190

0

0

0

-

-

Cost of sales

0

-

6,902

6,954

0

-

16,364

22,445

21,785

24,399

19,511

16,127

17,425

13,578

6,932

2,759

464

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warranty expense

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross loss

-6,098

-5,468

-14,462

-14,509

-15,069

-15,190

-10,605

-13,631

-12,890

-14,478

-11,585

-9,360

-9,677

-7,163

-3,555

-1,216

-88

139

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses
Selling, general and administrative

13,674

10,199

9,357

10,169

11,176

11,485

10,276

9,722

9,320

8,820

8,756

7,916

6,931

6,202

4,789

4,610

3,963

3,860

4,255

3,263

3,473

2,950

3,154

2,942

2,856

3,137

0

0

0

-

-

-

-

-

-

-

-

-

-

Research and development

8,739

8,199

5,929

5,738

6,416

7,391

9,280

12,915

16,832

17,737

16,060

12,000

6,448

6,145

5,499

6,220

6,834

4,740

4,537

3,687

3,714

3,436

2,971

2,638

2,733

2,892

0

0

0

-

-

-

-

-

-

-

-

-

-

Engineering, temporary labor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

2

5

7

23

50

111

0

0

0

Facilities, repairs & maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

49

0

0

-

0

-

-

-

-

Facilities, repairs & maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

0

0

0

Utilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

37

36

33

32

27

26

0

0

0

Loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

0

0

0

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

40

0

0

0

Total operating expenses

22,413

18,398

15,286

15,907

17,592

18,877

19,557

22,637

26,152

26,557

24,817

19,917

13,379

12,348

10,288

10,831

10,797

8,600

8,792

6,950

7,187

6,387

6,126

5,581

5,589

6,029

5,996

6,131

4,938

4,544

5,649

6,486

8,111

8,895

7,640

6,645

0

0

0

Other income

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest (income) expense, net

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payroll and payroll taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,773

2,130

2,511

2,829

2,903

2,508

1,977

0

0

0

Employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157

0

0

0

-

-

-

-

-

-

Employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

237

205

0

0

0

Stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

338

891

1,023

1,823

2,002

1,434

1,629

0

0

0

Batteries and motors and supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

240

287

504

712

1,131

1,259

1,062

0

0

0

Legal and professional

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

709

0

0

0

-

-

-

-

-

-

Legal and professional

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

482

462

0

0

0

Advertising

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

429

132

182

241

293

365

290

0

0

0

Consulting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

384

608

720

759

479

353

0

0

0

Travel and entertainment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

124

150

207

212

188

179

0

0

0

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

160

160

150

139

116

107

0

0

0

Insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

118

113

129

139

108

90

0

0

0

Vehicles, development and testing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

248

248

0

-

0

0

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

63

63

62

58

52

0

0

0

-

Interest (income) expense, net

-

29,145

25,757

19,083

3,686

2,434

355

1,174

670

180

85

61

39

44

427

753

861

965

676

411

0

-

0

0

-

-

-

-

-

230

163

93

33

10

6

9

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of common stock warrant liability

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

321

258

0

0

0

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-26,141

-37,162

-55,507

-49,499

-36,348

-36,502

-30,518

-37,444

-39,713

-41,216

-36,488

-29,339

-23,096

-19,555

-14,271

-12,802

-11,747

-9,426

-9,381

-7,376

-7,460

-6,608

-6,280

-5,537

-5,733

-6,110

-5,947

-6,185

-4,695

-4,272

-5,427

-6,264

-8,003

-8,705

-7,450

0

0

0

-

Deemed dividends

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend - September 2017 Warrants

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-

-

-

0

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-