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Workhorse Group Inc (WKHS.OQ)

WKHS.OQ on NASDAQ Stock Exchange Capital Market

1.49USD
18 Jul 2018
Change (% chg)

$-0.01 (-0.67%)
Prev Close
$1.50
Open
$1.51
Day's High
$1.51
Day's Low
$1.47
Volume
13,820
Avg. Vol
37,631
52-wk High
$3.82
52-wk Low
$1.40

Latest Key Developments (Source: Significant Developments)

Workhorse Group Sees Total Revenue For Year Ended Dec 31, 2017 Up 69%
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Workhorse Group Inc ::WORKHORSE GROUP INC - ON JAN 23, CO HELD BUSINESS UPDATE CONFERENCE CALL‍​ - SEC FILING.WORKHORSE GROUP - DURING CALL, CO SAYS IT IS SEES TOTAL REVENUE FOR YEAR ENDED DEC 31, 2017 69% GREATER THAN TOTAL REVENUE FOR YEAR ENDED DEC 31, 2016.WORKHORSE GROUP - DURING CALL, CO SAYS ORDER BACKLOG FOR 2018 IS EXPECTED TO EXCEED $12 MILLION BY THE END OF JANUARY 31, 2018.  Full Article

Workhorse To Spin-Off Surefly Unit Into Separate Publicly Traded Company
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Workhorse Group Inc ::WORKHORSE SAYS ON DEC 26, CO ANNOUNCED PLANS TO SPIN-OFF SUREFLY, A UNINT OF CO, INTO SEPARATE PUBLICLY TRADED COMPANY - SEC FILING.WORKHORSE GROUP SAYS INTENDS TO RETAIN PORTION OF OWNERSHIP OF SUREFLY FOLLOWING COMPLETION OF SPIN-OFF.WORKHORSE GROUP INC - ON DECEMBER 26, 2017, CO ENTERED INTO A SECURITIES PURCHASE AGREEMENT WITH SEVERAL EXISTING INSTITUTIONAL INVESTORS.WORKHORSE GROUP INC - PURSUANT TO SECURITIES PURCHASE AGREEMENT, CO ISSUED ORIGINAL ISSUE DISCOUNT SENIOR SECURED NOTES IN AMOUNT OF $5.75 MILLION.WORKHORSE - SPIN-OFF INVESTORS HAVE RIGHT TO CONVERT NOTES INTO SERIES A PREFERRED STOCK OF SUREFLY AT PRE-MONEY VALUATION OF $33 MILLION.  Full Article

Joseph Lukens reports 20.3 pct stake in Workhorse Group‍​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Workhorse Group Inc ::Joseph T. Lukens reports 20.3 percent stake in Workhorse Group Inc as of Nov 9- sec filing‍​.Joseph T. Lukens says purchased Workhorse Group shares based on belief that shares, when purchased, were "undervalued".Joseph T. Lukens says engaged, may continue to engage, in discussions with Workhorse management and board regarding means to enhance stockholder value.  Full Article

Workhorse Group Q3 sales $3.3 million
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Workhorse Group Inc :Workhorse Group reports third quarter 2017 results.Q3 sales rose 72 percent to $3.3 million.Qtrly ‍revenue increased by $3.0 million over prior quarter and increased $1.4 million compared to same year ago period​.Net loss in Q3 of 2017 was $12.7 million, compared with a net loss in Q3 of 2016 of $5.3 million​.  Full Article

Workhorse Group signs supply agreement with BMW i
Thursday, 13 Oct 2016 

Workhorse Group Inc : Workhorse Group signs supply agreement with BMW i .Workhorse Group - BMW i signed a multi-year supply agreement for BMW i3 range Extender (REx) units for workhorse E-gen electric delivery vehicle.  Full Article

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UPS to spend $130 million on new natural gas vehicles, fueling stations

LOS ANGELES Package delivery company UPS on Tuesday said it will invest $130 million to buy 730 compressed natural gas vehicles and build five more domestic CNG fueling stations as the industry moves to shift from petroleum-burning vehicles to those that use less-polluting alternative fuels.