Workhorse Group Inc.WKHS
NASDAQ • Consumer Cyclical
$3.54
P/E
—
PEG
—
FCF Yield
—
Rev Growth YoY
+550.2% YoY
Gross Margin
80.4%
Health Score
3/10
D/E Ratio
0.65
Confidence
—
Business Snapshot
Workhorse Group is an automotive manufacturer focused on electric vehicles, specifically last-mile delivery trucks and drone systems. The company operates in the highly competitive EV sector, where it holds a niche position as a small-scale producer with limited market share. TTM revenue of $21.21M positions it as a micro-cap enterprise, though market capitalisation is not determinable from available data. The defining characteristic is its attempt to capitalise on the shift to electric commercial fleets while grappling with severe profitability challenges.
Financial Health
Gross margin improved dramatically from -323.2% in the prior year to 80.4% — note this figure may be distorted due to a one-time item or data anomaly, though the magnitude of turnaround is notable. Net margin data is flagged as unreliable (-302.1% outside plausible range) and cannot be used...
Risk Assessment
- VALUATION — Price/Sales of 1.76x is difficult to justify for a company with TTM net losses of -$64.09M and no path to profitability.
- EARNINGS QUALITY — Only 2 of the last 4 quarters beat earnings estimates, offering limited confidence in management's forecasting.
- REVENUE VOLATILITY — Quarterly revenue swings from $640,922 to $12.52M indicate extreme inconsistency and no stable revenue base.
- CASH BURN — Free cash flow of -$36.16M far exceeds TTM revenue of $21.21M, making the current cash consumption rate unsustainable.
- 52-WEEK POSITION — Current price of $3.54 is near the 52-week low of $2.31 and well below the high of $67.32, reflecting a severe downtrend.
- TECHNICALS — RSI...
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