NASDAQ$WKHS
Workhorse Group Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Workhorse's strategic initiatives remained on time and on budget, the company focused on building out its leadership team, transforming manufacturing operations, establishing strategic relationships with industry-leading suppliers, and executing on product roadmaps.
Workhorse Group Inc. reported a decrease in net sales for Q2 2022, with sales of $12.6 thousand compared to $1.2 million in the same period last year. The net loss was $21.2 million, an improvement from the $43.6 million net loss in the same period last year. The company had approximately $140.1 million in cash and cash equivalents as of June 30, 2022.
- Secured a new purchase agreement for C1000, W4 CC and W750 products, including over 1,000 build slot reservations in 2022 and 2023.
- Continued progress in transforming the Union City plant into a world-class manufacturing complex, with renovations complete and upgrades underway.
- Signed a three-year contract manufacturing agreement to assemble vehicles for Tropos Technologies in Union City beginning in Q4 2022, with expected volumes of about 2,000 units per year once ramp-up is complete.
- Completed the relocation of the Aerospace business into a new 75,000 ft2 facility in Mason, Ohio.
Headline financials
Revenue & EPS history
Workhorse · Revenue · Quarterly
$12.6K
Revenue by segment
Workhorse · $4.33M total across 3 segments · Q1 2026
- Vehicles$4.27M—98.7%
- Extended Warranty$29K—0.7%
- Services, Parts and Accessories$26K—0.6%
Forward guidance
Workhorse expects to manufacture and sell between 150-250 vehicles and generate between $15-25 million in revenue for calendar year 2022, assuming current supply chain lead times remain unchanged.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-1.3%
Avg return
Earnings day
-5.9%
Avg return
5 days after
-6.4%
Avg return
30 days after
26%
16 / 62 earnings
Positive
+201.1%
Q1 2019
Best reaction
-55.1%
Q1 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | -20.1% | -15.9% | |
| Q4 2025 | +5.8% | -9.6% | -1.0% | |
| Q3 2025 | -1.9% | -21.3% | -30.8% | |
| Q2 2025 | -7.4% | -20.9% | -35.0% | |
| Q1 2025 | -9.8% | -11.8% | -1.5% | |
| Q4 2024 | -5.2% | -30.9% | -43.8% | |
| Q3 2024 | -12.5% | -8.3% | -36.9% | |
| Q2 2024 | -27.9% | -35.7% | -35.9% | |
| Q1 2024 | -11.3% | -10.4% | -60.8% | |
| Q4 2023 | -15.0% | -15.8% | -35.8% | |
| Q3 2023 | +2.5% | -6.5% | -5.0% | |
| Q2 2023 | -12.7% | -23.9% | -48.3% | |
| Q1 2023 | -3.7% | -1.2% | +8.6% | |
| Q4 2022 | -9.0% | -8.3% | -35.4% | |
| Q3 2022 | -3.3% | +1.8% | -31.5% | |
| Q2 2022 | -13.9% | -2.7% | -31.5% | |
| Q1 2022 | -8.7% | +11.0% | +15.7% | |
| Q4 2021 | +21.1% | +17.6% | +59.7% | |
| Q3 2021 | -3.6% | +4.1% | -25.8% | |
| Q2 2021 | +1.7% | -6.8% | -11.8% | |
| Q1 2021 | -14.5% | -16.0% | +75.3% | |
| Q4 2020 | -0.2% | -15.1% | -14.8% | |
| Q3 2020 | +9.8% | +11.2% | +21.7% | |
| Q2 2020 | -7.3% | -7.6% | +43.0% | |
| Q1 2020 | -8.8% | -8.5% | +0.0% | |
| Q4 2019 | -11.6% | -33.2% | -23.2% | |
| Q3 2019 | -8.0% | -16.9% | -8.1% | |
| Q2 2019 | -11.8% | -15.3% | -7.3% | |
| Q1 2019 | +201.1% | +106.8% | +136.4% | |
| Q4 2018 | -10.7% | -11.1% | -40.7% | |
| Q3 2018 | -1.6% | -0.5% | -34.5% | |
| Q2 2018 | -15.3% | -28.0% | -21.0% | |
| Q1 2018 | -8.0% | -8.0% | -19.4% | |
| Q4 2017 | -1.7% | -3.5% | -5.9% | |
| Q3 2017 | +5.7% | +5.0% | +1.5% | |
| Q2 2017 | -0.8% | +4.9% | +33.8% | |
| Q1 2017 | -13.4% | +5.1% | +28.8% | |
| Q4 2016 | -16.8% | -14.2% | -29.6% | |
| Q3 2016 | -1.1% | +2.6% | -6.1% | |
| Q2 2016 | +4.9% | +7.9% | +15.3% | |
| Q1 2016 | -3.5% | — | — | |
| Q4 2015 | -2.1% | — | — | |
| Q3 2015 | +22.7% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | +3.4% | — | — | |
| Q4 2014 | -2.7% | — | — | |
| Q3 2014 | +11.4% | — | — | |
| Q2 2014 | +27.7% | — | — | |
| Q4 2013 | +0.0% | — | — | |
| Q3 2013 | +0.7% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | +20.5% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | -28.0% | — | — | |
| Q2 2012 | -33.3% | — | — | |
| Q1 2012 | -13.8% | — | — | |
| Q4 2011 | -8.3% | — | — | |
| Q1 2011 | -55.1% | — | — | |
| Q3 2011 | +0.0% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q4 2010 | +12.5% | — | — | |
| Q3 2010 | -9.7% | — | — | |
| Q1 2010 | — | — | — |
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