Workhorse Reschedules Second Quarter 2024 Earnings Call to August 20, 2024 at 11:00 AM ET
14 August 2024 - 7:40AM
Workhorse Group Inc. (Nasdaq:
WKHS) (“Workhorse” or “the
Company”), an American technology company focused on
pioneering the transition to zero-emission commercial vehicles
today announced that it has rescheduled its earnings call, which
will now be held on Tuesday, August 20th at 11:00 a.m. Eastern time
(8:00 a.m. Pacific time) to discuss its financial results for the
second quarter ended June 30, 2024 as well as the Company’s plans
and outlook.
Financial results will be issued in a press release prior to the
call on August 20, 2024.
“We continued to make important progress on our EV product
roadmap during the second quarter,” said Workhorse CEO Rick Dauch.
“We also took decisive steps during the quarter to protect our
financial runway. We are working expeditiously to finalize our
financial results for the second quarter and look forward to
reporting our full results next week.”
Conference Call
Workhorse management will hold a conference call on August 20,
2024, at 11:00 AM Eastern time (8:00 AM Pacific time) to discuss
its second quarter 2024 results and answer related questions.
U.S. dial-in: 877-407-8289 International dial-in:
201-689-8341
Please call the conference telephone number 10 minutes prior to
the start time. An operator will register your name and
organization. If you have any difficulty connecting with the
conference call, please contact Gateway Investor Relations at
949-574-3860.
The conference call will be broadcast live and available for
replay here and via the Investor Relations section of Workhorse's
website.
A telephonic replay of the conference call will be available
after 2:00 p.m. Eastern time on the same day through August 27,
2024.
Toll-free replay number: 877-660-6853 International replay
number: 201-612-7415Replay ID: 13748503
About Workhorse Group Inc.Workhorse is a
technology company focused on providing ground-based electric
vehicles to the last-mile delivery sector. As an American original
equipment manufacturer, we design and build high performance,
battery-electric trucks. Workhorse also develops cloud-based,
real-time telematics performance monitoring systems that are fully
integrated with our vehicles and enable fleet operators to optimize
energy and route efficiency. All Workhorse vehicles are designed to
make the movement of people and goods more efficient and less
harmful to the environment. For additional information visit
workhorse.com.
Forward-Looking Statements
The discussions in this press release contain forward-looking
statements reflecting our current expectations that involve risks
and uncertainties. These statements are made under the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. When used in this press release, the words
“anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate” and
similar expressions are intended to identify forward-looking
statements. These are statements that relate to future periods and
include, but are not limited to, statements about the features,
benefits and performance of our products, our ability to introduce
new product offerings and increase revenue from existing products,
expected expenses including those related to selling and marketing,
product development and general and administrative, our beliefs
regarding the health and growth of the market for our products,
anticipated increase in our customer base, expansion of our
products functionalities, expected revenue levels and sources of
revenue, expected impact, if any, of legal proceedings, the
adequacy of liquidity and capital resources, and expected growth in
business. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements are subject to
risks and uncertainties, which could cause actual results to differ
materially from the forward-looking statements contained in this
press release. Factors that could cause actual results to differ
materially include, but are not limited to: our ability to develop
and manufacture our new product portfolio, including the W4 CC,
W750, W56 and WNext platforms; our ability to attract and retain
customers for our existing and new products; risks associated with
obtaining orders and executing upon such orders; supply chain
disruptions, including constraints on steel, semiconductors and
other material inputs and resulting cost increases impacting our
company, our customers, our suppliers or the industry; our ability
to capitalize on opportunities to deliver products to meet customer
requirements; our limited operations and need to expand and enhance
elements of our production process to fulfill product orders; the
ability to protect our intellectual property; market acceptance for
our products; our ability to control our expenses; potential
competition, including without limitation shifts in technology;
volatility in and deterioration of national and international
capital markets and economic conditions; global and local business
conditions; acts of war (including without limitation the conflict
in Ukraine) and/or terrorism; the prices being charged by our
competitors; our inability to retain key members of our management
team; our inability to raise additional capital to fund our
operations and business plan; our ability to maintain compliance
with the list requirements of the Nasdaq Capital Market and
otherwise maintain the listing of our securities thereon and the
impact of steps we took to regain such compliance, such as the
reverse split of our common stock; our inability to satisfy our
customer warranty claims; the outcome of any regulatory or legal
proceedings, including with Coulomb Solutions, Inc.; our ability to
consummate and realize the benefits of a potential sale and
leaseback transaction of our Union City facility; and our liquidity
and other risks and uncertainties and other factors discussed from
time to time in our filings with the Securities and Exchange
Commission (“SEC”), including our annual report on Form 10-K filed
with the SEC. Forward-looking statements speak only as of the date
hereof. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in our
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based,
except as required by law.
Media Contact:Aaron Palash / Greg KlassenJoele
Frank, Wilkinson Brimmer Katcher212-355-4449
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Group949-574-3860WKHS@gateway-grp.com
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