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Workhorse Group sees FY23 revenue $75M-$125M, consensus $117.83M
The Fly

Workhorse Group sees FY23 revenue $75M-$125M, consensus $117.83M

"The Workhorse team exited 2022 with the momentum to prepare the Company for expanded operations in 2023," said Workhorse CFO Bob Ginnan. "Looking ahead, we will focus on manufacturing, operational excellence and financial discipline, as we ramp up sales, production and deliveries of commercial vehicles and drones to generate significant revenue growth in 2023, with revenue expected in the range between $75 million and $125 million. We’re confident we have the necessary cash and access to capital to meet our objectives, which, in combination with our strategic plan, will allow Workhorse to deliver on our goals and generate increased value for our customers and shareholders."

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