Workhorse Group not providing annual revenue, unit guidance at this time

“Workhorse is entering 2024 with strong production and delivery capabilities as well as a keen focus on financial discipline and cost control,” said Workhorse CFO Bob Ginnan. “As we speak, we are working hard to resolve our short-term liquidity issues described in our 10-K. Over the year, we will maintain our focus on operational excellence and cost reduction as we increase production and expand delivery of our commercial vehicles to meet our financial targets for 2024. At the same time, we will continue to evaluate opportunities to strengthen our financial position and ensure we have the runway to achieve our goals. Given the number of key customer demonstrations underway in Q1 2024, we will report on our progress when it occurs, and, as a result, will not be providing specific annual revenue or unit guidance at this time.”