Workhorse Group
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Workhorse Group's past years’ income statements indicate that its last revenue has increased compared to the previous period by 161% to $13,094,752. Profit margin reached -946%. Total operating expenses were $80,042,673.
Profit Margin
| 2014 | 177.5K | -6.60M | -3723.2% |
|---|---|---|---|
| 2015 | 139.98K | -9.42M | -6734.43% |
| 2016 | 6.41M | -19.55M | -304.86% |
| 2017 | 10.84M | -42.23M | -389.43% |
| 2018 | 763.17K | -36.50M | -4782.97% |
| 2019 | 376.56K | -65.92M | -17505.78% |
| 2020 | 1.39M | 69.77M | 5010.81% |
| 2021 | -851.92K | -401.34M | 47110.51% |
| 2022 | 5.02M | -105.46M | -2099.62% |
| 2023 | 13.09M | -123.91M | -946.33% |
WKHS Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 13.09M | 5.02M | -851.92K | 1.39M | 376.56K | 763.17K | 10.84M | 6.41M | 139.98K | 177.5K |
Cost of revenue | 38.35M | 37.67M | 132.49M | 13.06M | 5.84M | 15.95M | 24.51M | 13.57M | 0 | 0 |
Gross profit | -25.25M | -32.64M | -133.34M | -11.67M | -5.46M | -15.19M | -13.67M | -7.16M | 139.98K | 177.5K |
Operating exp. | ||||||||||
Research and development | 24.46M | 23.21M | 11.61M | 9.14M | 8.19M | 7.39M | 18.06M | 6.14M | 4.74M | 3.43M |
Selling and marketing | 1.2M | 1M | 0 | 0 | 0 | 11.48M | 0 | 0 | 0 | 0 |
Total operating expenses | 80.04M | 96.43M | 51.77M | -293.80M | 2.54M | 18.87M | 28.38M | 12.34M | 8.60M | 6.38M |
Operating income | -105.29M | -129.08M | -185.11M | 116.31M | -8.01M | -34.06M | 42.05M | 19.51M | 8.46M | 6.20M |
Other income (expenses), net | -18.73M | 11.80M | -238.07M | 132.59M | -29.14M | -2.43M | -180.43K | -39.06M | -965.88K | -398.96K |
Income before tax | -124.02M | -117.27M | -423.19M | 91.61M | -37.16M | -36.50M | -42.23M | -19.55M | -9.42M | -6.60M |
Income tax expense | -110.52K | -11.80M | -21.84M | 21.83M | 28.75M | 2.43M | 84.29M | 39.06M | 965.88K | 398.96K |
Net income | -123.91M | -105.46M | -401.34M | 69.77M | -65.92M | -36.50M | -42.23M | -19.55M | -9.42M | -6.60M |
Earnings per share | ||||||||||
Basic EPS | -11.96 | -0.67 | -3.12 | 15.03 | -1.02 | -0.72 | -21.8 | -0.78 | -2.06 | -1.44 |
Diluted EPS | -11.96 | -0.67 | -3.12 | 13.96 | -1.02 | -0.72 | -21.8 | -0.78 | -2.06 | -1.44 |
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