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Workhorse Group Inc's Business Segments
Workhorse Group Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
2
Largest Segment
Vehicle Sale
Total Revenue
$ 4
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Vehicle Sale0%
- Extended warranty revenue1.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Vehicle Sale | $ 8 | - |
| Extended warranty revenue | $ 0 | 1.8% |
Revenue by Product & Service Category - FY
- Vehicle Sale0%
- Extended warranty revenue0.8%
- Services, parts and accessories0.7%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Vehicle Sale | $ 4 | - |
| Extended warranty revenue | $ 0 | 0.8% |
| Services, parts and accessories | $ 0 | 0.7% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- Vehicle Sale0%
- Extended warranty revenue1.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Vehicle Sale | $ 8 | - |
| Extended warranty revenue | $ 0 | 1.8% |
Description of Workhorse Group Inc
Workhorse Group Inc. is an American technology company that specializes in electric-powered delivery and utility vehicles. Founded in 1998, the company has its headquarters in Loveland, Ohio. Workhorse Group aims to disrupt the traditional delivery truck and fleet vehicle industry by providing innovative and sustainable electric vehicle solutions.
One of Workhorse Group's main products is the Workhorse C-Series electric delivery van. These vans are fully electric, with zero-emission operation, making them eco-friendly alternatives to conventional diesel-powered delivery trucks. The C-Series vans are designed specifically for last-mile delivery, providing efficient and cost-effective solutions for e-commerce companies, delivery services, and other fleet operators.
Workhorse Group has also developed the Workhorse W-15 electric pickup truck, which caters to the utility vehicle market. The W-15 is equipped with advanced safety features, including collision mitigation systems and an onboard generator that allows it to serve as a power source at job sites. With its extended-range capability, the W-15 is suitable for a wide range of commercial applications, including construction, infrastructure maintenance, and urban transportation.
In addition to their electric vehicles, Workhorse Group has developed HorseFly, an autonomous delivery drone that can be launched from the roof of a delivery van. This drone is designed to enhance last-mile delivery by enabling unmanned aerial deliveries, reducing vehicle congestion, and speeding up the delivery process.
Workhorse Group has also partnered with UPS to deploy electric delivery vans and promote the adoption of electric vehicles within the logistics industry. The company has received significant attention and support due to its commitment to sustainability and the growing importance of electric vehicles in reducing carbon emissions and combating climate change.
Furthermore, Workhorse Group has been involved in various research and development projects to enhance their electric vehicle technology. They have explored alternative power sources, such as hybrid electric and hydrogen fuel cell systems, which could further improve the efficiency and environmental sustainability of their vehicles.
Workhorse Group has faced some challenges in terms of funding and scaling up production. However, the company has made significant progress in securing contracts, partnerships, and investments to advance their electric vehicle technology and increase their market presence.
Overall, Workhorse Group Inc. is an innovative and forward-thinking company focusing on electric vehicles for commercial use. With their electric delivery vans, pickup trucks, and delivery drones, they aim to revolutionize the delivery and fleet vehicle industry by providing efficient, eco-friendly, and technologically advanced solutions.
One of Workhorse Group's main products is the Workhorse C-Series electric delivery van. These vans are fully electric, with zero-emission operation, making them eco-friendly alternatives to conventional diesel-powered delivery trucks. The C-Series vans are designed specifically for last-mile delivery, providing efficient and cost-effective solutions for e-commerce companies, delivery services, and other fleet operators.
Workhorse Group has also developed the Workhorse W-15 electric pickup truck, which caters to the utility vehicle market. The W-15 is equipped with advanced safety features, including collision mitigation systems and an onboard generator that allows it to serve as a power source at job sites. With its extended-range capability, the W-15 is suitable for a wide range of commercial applications, including construction, infrastructure maintenance, and urban transportation.
In addition to their electric vehicles, Workhorse Group has developed HorseFly, an autonomous delivery drone that can be launched from the roof of a delivery van. This drone is designed to enhance last-mile delivery by enabling unmanned aerial deliveries, reducing vehicle congestion, and speeding up the delivery process.
Workhorse Group has also partnered with UPS to deploy electric delivery vans and promote the adoption of electric vehicles within the logistics industry. The company has received significant attention and support due to its commitment to sustainability and the growing importance of electric vehicles in reducing carbon emissions and combating climate change.
Furthermore, Workhorse Group has been involved in various research and development projects to enhance their electric vehicle technology. They have explored alternative power sources, such as hybrid electric and hydrogen fuel cell systems, which could further improve the efficiency and environmental sustainability of their vehicles.
Workhorse Group has faced some challenges in terms of funding and scaling up production. However, the company has made significant progress in securing contracts, partnerships, and investments to advance their electric vehicle technology and increase their market presence.
Overall, Workhorse Group Inc. is an innovative and forward-thinking company focusing on electric vehicles for commercial use. With their electric delivery vans, pickup trucks, and delivery drones, they aim to revolutionize the delivery and fleet vehicle industry by providing efficient, eco-friendly, and technologically advanced solutions.