Workhorse Group

Workhorse Group reported revenue of $4.3 million for Q1 2026, up 290.9% year‑over‑year, driven by a 320% increase in vehicle deliveries. Despite the revenue surge, the company posted a net loss of $19.9 million; however, loss per share improved to $0.99. The stock rose 1.98% in after‑hours trading. Management emphasized a focus on cost reduction, ramping up in‑house production and new product initiatives with series production planned for early 2027. » Mere på de.investing.com

Workhorse Group has reached a binding settlement with Coulomb Solutions and will pay $4.3 million, after which the lawsuit in the U.S. District Court in Michigan is to be dismissed. The amount equals roughly 16% of the current market capitalization and is expected to be financed from existing credit lines. Payment and the final agreement must be completed by the end of May and the end of April 2026, respectively. Revenues rose significantly in the quarter following the merger with Motiv Electric Trucks, but a large net loss persisted. » Mere på de.investing.com