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2021-03-01_Workhorse_Group_Reports_Fourth_Quarter_and_Full_167.pdf
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Workhorse Group Inc. reported its fourth quarter and full year 2020 results, with a backlog of over 8,000 vehicles, including purchase orders from Pritchard Companies and Pride Group Enterprises. The company partnered with Hitachi and Hitachi Capital America to optimize manufacturing and develop a national dealer network. Workhorse raised $270 million in capital and has a cash position of $215 million as of March 1, 2021. The company's strategic stake in Lordstown Motors Corp. is valued at nearly $320 million. Sales for the fourth quarter of 2020 were $652,000, with a net income of $280.5 million, compared to a net income of $655,000 in the fourth quarter of 2019. For the full year 2020, sales were $1.4 million, with a net income of $69.8 million, compared to a net loss of $37.2 million in 2019.

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Workhorse Group Inc.

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  • File Format: PDF
  • File Size: 74 KB
  • Pages: 6
  • Language: EN
  • Total Downloads: 35
  • Last Updated: 3 months ago

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