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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 集團公佈2024年第三季度業績
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集團報告了2024年第三季度銷售額爲250萬美元,同比下降自300萬美元,淨虧損爲2510萬美元。該公司與聯邦快遞簽署了一項爲期三年的《總框架協議》,並交付了首批15輛W56步進貨車,在聯邦快遞前進服務提供商峯會後又收到七個額外訂單。該公司取得了重要的運營里程碑,包括其208英寸加長軸距的W56步進貨車獲得FMVSS認證,並被授予了一項一般服務管理局(GSA)合同。實地測試表明,W56的效率優越,達到31 MPGe,而傳統送貨卡車僅爲7 MPG,預計回報期少於五年。截至2024年9月30日,Workhorse維持了320萬美元的現金及現金等價物,總應收賬款爲370萬美元,淨存貨爲4320萬美元。該公司繼續實施節約成本措施並改善工作資本管理,同時擴大其商業及政府車隊合作伙伴關係。
Workhorse集團報告了2024年第三季度銷售額爲250萬美元,同比下降自300萬美元,淨虧損爲2510萬美元。該公司與聯邦快遞簽署了一項爲期三年的《總框架協議》,並交付了首批15輛W56步進貨車,在聯邦快遞前進服務提供商峯會後又收到七個額外訂單。該公司取得了重要的運營里程碑,包括其208英寸加長軸距的W56步進貨車獲得FMVSS認證,並被授予了一項一般服務管理局(GSA)合同。實地測試表明,W56的效率優越,達到31 MPGe,而傳統送貨卡車僅爲7 MPG,預計回報期少於五年。截至2024年9月30日,Workhorse維持了320萬美元的現金及現金等價物,總應收賬款爲370萬美元,淨存貨爲4320萬美元。該公司繼續實施節約成本措施並改善工作資本管理,同時擴大其商業及政府車隊合作伙伴關係。
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