Workhorse Historical Income Statement
| WKHS Stock | USD 0.16 0.01 6.67% |
Historical analysis of Workhorse income statement accounts such as Interest Expense of 9.2 M, Selling General Administrative of 57.1 M, Other Operating Expenses of 124.3 M or Total Operating Expenses of 84 M can show how well Workhorse Group performed in making a profits. Evaluating Workhorse income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Workhorse's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Workhorse Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Workhorse Group is a good buy for the upcoming year.
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About Workhorse Income Statement Analysis
Workhorse Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Workhorse shareholders. The income statement also shows Workhorse investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Workhorse Income Statement Chart
Workhorse Group Income Statement is one of the three primary financial statements used for reporting Workhorse's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Workhorse Group revenue and expense. Workhorse Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Workhorse's Interest Income is comparatively stable compared to the past year. Net Interest Income is likely to gain to about 3.6 M in 2024, despite the fact that EBIT is likely to grow to (100 M). Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Workhorse Group. It is also known as Workhorse overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Workhorse Group income statement and represents the costs associated with goods and services Workhorse provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Workhorse's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Workhorse Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At this time, Workhorse's Interest Income is comparatively stable compared to the past year. Net Interest Income is likely to gain to about 3.6 M in 2024, despite the fact that EBIT is likely to grow to (100 M).
Workhorse income statement Correlations
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Workhorse Account Relationship Matchups
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Workhorse income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 29.1M | 12.5M | 6.7M | 332.7K | 8.7M | 9.2M | |
| Selling General Administrative | 10.2M | 20.2M | 40.2M | 72.2M | 54.4M | 57.1M | |
| Other Operating Expenses | 8.4M | 280.7M | 184.3M | 134.1M | 118.4M | 124.3M | |
| Operating Income | (8.0M) | 116.3M | (185.1M) | (129.1M) | (105.3M) | (100.0M) | |
| Ebit | (8.0M) | 116.3M | (185.1M) | (129.1M) | (105.3M) | (100.0M) | |
| Ebitda | (7.6M) | 117.1M | (416.0M) | (115.0M) | (101.2M) | (96.2M) | |
| Total Operating Expenses | 2.5M | (293.8M) | 51.8M | 96.4M | 80.0M | 84.0M | |
| Net Income | (65.9M) | 69.8M | (401.3M) | (105.5M) | (123.9M) | (117.7M) | |
| Income Tax Expense | 28.8M | 21.8M | (21.8M) | (11.8M) | (110.5K) | (105.0K) | |
| Depreciation And Amortization | 388.4K | 809.6K | (230.8M) | 14.1M | 4.1M | 4.3M | |
| Gross Profit | (5.5M) | (11.7M) | (133.3M) | (32.6M) | (25.3M) | (26.5M) | |
| Cost Of Revenue | 5.8M | 13.1M | 132.5M | 37.7M | 38.4M | 21.7M | |
| Income Before Tax | (37.2M) | 91.6M | (423.2M) | (117.3M) | (124.0M) | (117.8M) | |
| Total Other Income Expense Net | (29.1M) | (24.7M) | (238.1M) | 11.8M | (18.7M) | (19.7M) | |
| Total Revenue | 376.6K | 1.4M | (851.9K) | 5.0M | 13.1M | 13.7M | |
| Research Development | 8.2M | 9.1M | 11.6M | 23.2M | 24.5M | 25.7M | |
| Net Income From Continuing Ops | (37.2M) | 69.8M | (401.3M) | (117.3M) | (117.3M) | (111.5M) | |
| Net Income Applicable To Common Shares | (37.2M) | 69.8M | (401.3M) | (117.3M) | (105.5M) | (100.3M) | |
| Net Interest Income | (29.1M) | (12.9M) | (6.7M) | (332.7K) | 3.4M | 3.6M | |
| Reconciled Depreciation | 388.4K | 809.6K | 1.9M | 1.9M | 3.0M | 3.2M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Workhorse Stock analysis
When running Workhorse's price analysis, check to measure Workhorse's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
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Is Workhorse's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workhorse. If investors know Workhorse will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workhorse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 190.435 | Earnings Share (0.60) | Revenue Per Share 0.063 | Quarterly Revenue Growth 0.278 | Return On Assets (0.40) |
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse's market value can be influenced by many factors that don't directly affect Workhorse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.