WORKHORSE GROUP INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.0M | $6.4M | $140.0K | $177.5K | $177.5K | $272.1K | $190.0K | $140.7K |
| Cost of Revenue | $24.4M | $13.6M | — | — | — | — | — | — |
| Gross Profit | $-14.5M | $-7.2M | $140.0K | — | — | — | — | — |
| Gross Margin | -144.2% | -111.7% | 100.0% | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $17.7M | $6.1M | $4.7M | $3.4M | $2.9M | $2.1M | $4.8M | — |
| SG&A Expense | $8.8M | $6.2M | $3.9M | $3.0M | $3.1M | — | — | — |
| Operating Income | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | $180.4K | $44.0K | $965.9K | $399.0K | $258.3K | $230.9K | $10.6K | $13.2K |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $-41.2M | $-19.6M | $-9.4M | $-6.6M | $-6.1M | $-4.3M | $-8.7M | $-5.0M |
| Net Margin | -410.6% | -304.9% | -6,734.4% | -3,723.2% | -3,442.6% | -1,570.2% | -4,581.1% | -3,573.5% |
| EPS (Basic) | $-1.06 | $-0.78 | $-0.55 | $-0.49 | $-0.08 | $-0.10 | $-0.26 | $-0.23 |
| EPS (Diluted) | $-1.06 | $-0.78 | $-0.55 | $-0.49 | $-0.08 | $-0.10 | $-0.26 | $-0.23 |
| Shares Outstanding (Basic) | 41.5M | 27.6M | 18.2M | 15.0M | 82.7M | 56.0M | 38.7M | 27.7M |
| Shares Outstanding (Diluted) | 41.5M | 27.6M | 18.2M | 15.0M | 82.7M | 56.0M | 38.7M | 27.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |