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Workhorse Group's Q1 Sales Fall Short of Expectations With Just 6 Trucks Delivered

·3 min read
Workhorse Group's Q1 Sales Fall Short of Expectations With Just 6 Trucks Delivered
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Workhorse Group (NASDAQ: WKHS) reported first-quarter revenue this morning that was much lower than Wall Street had expected, as its production of electric delivery vans got off to a slower start than planned. Wall Street analysts polled by FactSet had expected revenue of $2.3 million, on average. The company also announced a new development agreement with J.B. Poindexter, a maker of specialized truck bodies for commercial vehicles.