Workhorse slides as revenue cash balance tumble

Workhorse

20/08/2024 14:24

** Shares of electric vehicle firm Workhorse Group  WKHS.O 
fall 9% to $1.11 premarket
    ** WKHS reports Q2 revenue of $842,440, compared with $3.97
mln a year earlier
    ** Net loss in Q2 widens to $26.3 mln from $23 mln a year
ago
        ** Cash and cash equivalents at the end of Q2 stood at
$5.3 mln, down from $25.8 mln at the end of 2023
    ** Up to previous close, stock down ~83% so far this year

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))