Workhorse Group, Inc. (NASDAQ:WKHS) shares are trading lower on Tuesday.
The company reported a loss per share of $1.40, missing the analyst consensus loss of $1.23.
Workhorse reported sales of $0.84 million, missing the street view of $8.43 million. The company attributed the lower sales primarily to lower W4 CC vehicle sales, which was partially offset by an increase in other service revenue generated from operating Stables by Workhorse, Drones as a Service before the Aero divestiture, and other service revenue.
During the second quarter, the company received a purchase order for 141 W4 CC cab chassis vehicles from Kingsburg Truck Sales in California.
“We are also doing the R&D work we believe is necessary to expand our ...
