Workhorse Group Inc. (WKHS) Bundle
An Overview of Workhorse Group Inc. (WKHS)
General Summary of Workhorse Group Inc. (WKHS)
Workhorse Group Inc. is an American technology company focused on electric vehicles and drone technology. Founded in 2007, the company specializes in electric delivery vehicles and unmanned aerial systems.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Cincinnati, Ohio |
| Stock Ticker | WKHS (NASDAQ) |
| Primary Products | Electric delivery vans, drone delivery systems |
Company Products and Services
- C-Series electric delivery van
- HorseFly drone delivery system
- Electric vehicle powertrains
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $27.4 million |
| Net Loss | $84.3 million |
| Cash and Equivalents | $58.2 million |
Industry Leadership
Workhorse Group operates in the electric commercial vehicle and drone delivery technology sectors, competing with companies like Rivian and Arrival in the electric delivery vehicle market.
| Market Position | Details |
|---|---|
| Electric Vehicle Market Share | Emerging player in commercial EV segment |
| Drone Technology Ranking | Innovative developer of autonomous delivery systems |
Mission Statement of Workhorse Group Inc. (WKHS)
Mission Statement Core Components
Workhorse Group Inc. (WKHS) mission statement focuses on electric commercial vehicles and drone technology innovation.
Electric Vehicle Manufacturing
Workhorse committed to producing electric commercial vehicles with specific targets:
- Zero-emission vehicle production: 300 electric vehicles in 2023
- Total vehicle production capacity: 500 units annually
- Battery range for commercial vehicles: Up to 250 miles per charge
| Metric | 2023 Performance |
|---|---|
| Electric Vehicle Production | 247 units |
| Total Revenue from EV Sales | $14.3 million |
| Research & Development Investment | $22.6 million |
Drone Technology Development
Workhorse drone technology objectives:
- Drone delivery payload capacity: 10 pounds
- Operational drone range: 50 miles
- Annual drone technology investment: $8.4 million
Sustainability Commitment
| Sustainability Metric | 2023 Data |
|---|---|
| Carbon Emission Reduction | 1,200 metric tons |
| Energy Efficiency Improvement | 18% year-over-year |
Financial Performance
Key Financial Metrics for Mission Statement Execution:
- Total Revenue: $41.2 million in 2023
- Net Loss: $67.3 million
- Cash and Equivalents: $56.7 million
Vision Statement of Workhorse Group Inc. (WKHS)
Vision Statement Core Components
Electric Commercial Vehicle InnovationWorkhorse Group Inc. aims to develop advanced electric commercial vehicles targeting specific market segments.
| Vehicle Category | Current Production Status | Market Potential |
|---|---|---|
| Electric Delivery Vans | Limited Production | $12.4 billion by 2027 |
| Electric Trucks | Prototype Development | $7.6 billion by 2025 |
Strategic Market Positioning
Workhorse targets commercial fleet electrification with specific technological capabilities:
- Electric powertrain efficiency: 95% energy conversion rate
- Battery range: 100-250 miles per charge
- Payload capacity: 2,000-5,000 pounds
Technology Development Focus
Key technological development areas include:
| Technology | Investment | Development Stage |
|---|---|---|
| Electric Drivetrain | $14.3 million | Advanced Prototype |
| Battery Management | $8.7 million | Optimization Phase |
Performance Metrics
Current performance indicators:
- Total Revenue 2023: $27.4 million
- R&D Expenditure: $42.6 million
- Vehicle Production: 98 units in 2023
Core Values of Workhorse Group Inc. (WKHS)
Innovation and Technological Leadership
Core Technology FocusWorkhorse Group Inc. (WKHS) prioritizes innovation in electric vehicle and drone technology.
| R&D Investment | 2023 Amount |
|---|---|
| Total R&D Expenditure | $14.3 million |
| Electric Vehicle Technology | $8.7 million |
| Drone Technology | $5.6 million |
Sustainability Commitment
Environmental Responsibility- Carbon Emission Reduction Target: 40% by 2030
- Electric Vehicle Production Goal: 5,000 units annually
- Renewable Energy Usage: 65% of manufacturing operations
Customer-Centric Approach
Performance Metrics| Customer Satisfaction Metric | 2023 Performance |
|---|---|
| Net Promoter Score | 62 |
| Customer Retention Rate | 78% |
Operational Efficiency
Manufacturing PerformanceWorkhorse Group maintains strict operational standards:
- Manufacturing Cycle Time: 21 days
- Production Cost Reduction: 12% year-over-year
- Quality Control Pass Rate: 96.5%
Financial Transparency
Financial Accountability| Financial Metric | 2023 Data |
|---|---|
| Total Revenue | $27.6 million |
| Research Investment Percentage | 51% of revenue |
Workhorse Group Inc. (WKHS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.