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Workhorse | 8-K: Workhorse Group Reports Third Quarter 2024 Results

Workhorse | 8-K: Workhorse Group Reports Third Quarter 2024 Results

Workhorse | 8-K:Workhorse 集团公布2024年第三季度业绩
美股SEC公告 ·  2024/11/20 06:06

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Workhorse Group reported Q3 2024 sales of $2.5M, down from $3.0M YoY, with a net loss of $25.1M. The company secured a three-year Master Framework Agreement with FedEx and delivered the initial 15 W56 step vans, with seven additional orders received following the FedEx Forward Service Provider Summit.The company achieved significant operational milestones, including FMVSS certification for its 208-inch extended wheelbase W56 step van and being awarded a General Services Administration (GSA) contract. Field testing demonstrated the W56's superior efficiency with 31 MPGe compared to traditional delivery trucks' 7 MPG, projecting a sub-five-year payback period.As of September 30, 2024, Workhorse maintained $3.2M in cash and cash equivalents, with total receivables of $3.7M and net inventory of $43.2M. The company continues to implement cost-saving measures and improve working capital management while expanding its commercial and government fleet partnerships.
Workhorse Group reported Q3 2024 sales of $2.5M, down from $3.0M YoY, with a net loss of $25.1M. The company secured a three-year Master Framework Agreement with FedEx and delivered the initial 15 W56 step vans, with seven additional orders received following the FedEx Forward Service Provider Summit.The company achieved significant operational milestones, including FMVSS certification for its 208-inch extended wheelbase W56 step van and being awarded a General Services Administration (GSA) contract. Field testing demonstrated the W56's superior efficiency with 31 MPGe compared to traditional delivery trucks' 7 MPG, projecting a sub-five-year payback period.As of September 30, 2024, Workhorse maintained $3.2M in cash and cash equivalents, with total receivables of $3.7M and net inventory of $43.2M. The company continues to implement cost-saving measures and improve working capital management while expanding its commercial and government fleet partnerships.
Workhorse集团报告2024年第三季度销售额为250万美元,比去年同期下降了300万美元,净亏损为2510万美元。该公司与联邦快递签署了一项为期三年的主框架协议,并交付了首批15辆W56步态货车,随后在联邦快递前方服务提供商峰会后又收到七个额外订单。公司取得了重要的运营里程碑,包括其208英寸加长轴距W56步态货车的FMVSS认证,以及获得了总务管理局(GSA)合同。现场测试表明,W56的效率优越,达到31 MPGe,而传统配送卡车仅为7 MPG,预计回报期低于五年。截至2024年9月30日,Workhorse持有320万美元的现金及现金等价物,总应收款为370万美元,净库存为4320万美元。该公司继续实施节省成本的措施,改善营运资本管理,并扩大其商业和政府车队合作伙伴关系。
Workhorse集团报告2024年第三季度销售额为250万美元,比去年同期下降了300万美元,净亏损为2510万美元。该公司与联邦快递签署了一项为期三年的主框架协议,并交付了首批15辆W56步态货车,随后在联邦快递前方服务提供商峰会后又收到七个额外订单。公司取得了重要的运营里程碑,包括其208英寸加长轴距W56步态货车的FMVSS认证,以及获得了总务管理局(GSA)合同。现场测试表明,W56的效率优越,达到31 MPGe,而传统配送卡车仅为7 MPG,预计回报期低于五年。截至2024年9月30日,Workhorse持有320万美元的现金及现金等价物,总应收款为370万美元,净库存为4320万美元。该公司继续实施节省成本的措施,改善营运资本管理,并扩大其商业和政府车队合作伙伴关系。
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