Workhorse Sales Beat Estimates
Workhorse Group (NASDAQ:WKHS), a maker of electric commercial vehicles targeting last-mile delivery fleets, released its second-quarter 2025 results on August 15, 2025. The company reported GAAP revenue of $5.7 million in Q2 2025, exceeding the consensus GAAP estimate of $2.3 million, and a GAAP net loss per share of $(1.67), which was $2.31 per share better than the expected $(3.98) GAAP loss. Despite these beats, Workhorse continued to report negative gross margins (GAAP) and a loss for the quarter. Overall, this quarter showed progress on truck deliveries and cost controls, but also highlighted persistent structural challenges in scaling the business to profitability.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Workhorse Group (NASDAQ:WKHS) designs and builds electric delivery trucks for commercial fleets, with a special focus on last-mile logistics. It also develops drone technologies, but its W56 series of step vans is now the core product.
Source Fool.com
