Workhorse Group Inc
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 12, 2024
WKHS$3.32+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations F-
Consolidated Statements of Operations
| For the Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Sales, net of returns and allowances | $13,094,752 | $5,023,072 |
| Cost of sales | 38,350,545 | 37,672,308 |
| Gross loss | (25,255,793) | (32,649,236) |
| Operating expenses | ||
| Selling, general and administrative | 55,574,740 | 73,220,088 |
| Research and development | 24,467,933 | 23,213,540 |
| Total operating expenses | 80,042,673 | 96,433,628 |
| Loss from operations | (105,298,466) | (129,082,864) |
| Interest expense, net | (8,731,247) | (1,837,882) |
| Other (loss) income | (10,000,000) | 13,646,528 |
| Loss before income taxes | (124,029,713) | (117,274,218) |
| Benefit from income taxes | (110,524) | — |
| Net loss | $(123,919,189) | $(117,274,218) |
| Net loss per share of common stock | ||
| Basic & Diluted | $(0.60) | $(0.74) |
| Weighted average shares used in computing net loss per share of common stock | ||
| Basic & Diluted | 207,293,249 | 158,576,305 |
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