Market Summary
USD0.52-0.04
Market Closed-7.27%
WKHS Stock Price
WKHS RSI Chart
WKHS Valuation
WKHS Price/Sales (Trailing)
WKHS Profitability
WKHS Fundamentals
WKHS Revenue
WKHS Earnings
Price Action
52 Week Range
0.513.05
(Low)(High)
Last 7 days
-18.2%
Last 30 days
-35.4%
Last 90 days
-41.2%
Trailing 12 Months
-82.5%
WKHS Financial Health
WKHS Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for WKHS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Harrington James D. | sold (taxes) | -2,917 | 0.5965 | -4,891 | general counsel |
2023-09-01 | DAUCH RICHARD F | sold (taxes) | -28,245 | 0.7519 | -37,566 | chief executive officer |
2023-08-21 | Roraff Kerry | sold (taxes) | -1,899 | 0.7973 | -2,383 | chief human resources officer |
2023-07-04 | GINNAN ROBERT M | sold (taxes) | -4,840 | 0.9897 | -4,891 | chief financial officer |
2023-06-27 | Harrington James D. | sold (taxes) | -1,411 | 0.7974 | -1,770 | general counsel |
2023-05-02 | Budde Gerald B. | back to issuer | - | - | -24,752 | - |
2023-05-02 | DeMott Harry | back to issuer | - | - | -24,752 | - |
2023-05-02 | Samuels H. Benjamin | back to issuer | - | - | -24,752 | - |
2023-05-02 | Declet Brandon Torres | acquired | 99,999 | 0.893 | 111,982 | - |
2023-05-02 | CLARK MICHAEL L. | back to issuer | - | - | -24,752 | - |
Which funds bought or sold WKHS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -138 | 261 | -% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 4.00 | 4.00 | -% |
2023-08-21 | VitalStone Financial, LLC | new | - | - | - | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -72.49 | -218,790 | 48,113 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -7.13 | -68,842 | 113,964 | -% |
2023-08-16 | TD Capital Management LLC | unchanged | - | -550 | 1,046 | -% |
2023-08-16 | CASTLEARK MANAGEMENT LLC | reduced | -50.00 | -6,742 | 3,286 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -59.67 | -1,194,830 | 429,166 | -% |
2023-08-15 | Tyler-Stone Wealth Management | new | - | 1,000 | 1,000 | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | reduced | -10.57 | -201,493 | 285,285 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Workhorse Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 5.40% | 8,857,480 | SC 13G | |
| Jan 31, 2023 | blackrock inc. | 7.0% | 11,538,946 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 5.5% | 8,653,590 | SC 13G/A | |
| Nov 12, 2021 | cowen and company, llc | 0.25% | 344,712 | SC 13G | |
| Feb 16, 2021 | marathon asset management lp | 0.95% | 1,153,184 | SC 13G/A | |
| Feb 12, 2021 | seaport global asset management llc | 3.20% | 3,856,754 | SC 13G/A | |
| Feb 02, 2021 | blackrock inc. | 5.9% | 7,097,121 | SC 13G | |
| Sep 11, 2020 | lukens joseph theodore jr | 1.8% | 1,870,578 | SC 13D/A | |
| Aug 03, 2020 | arosa capital management lp | 4.8% | 5,161,706 | SC 13D/A | |
| Jul 17, 2020 | arosa capital management lp | 6.3% | 5,968,706 | SC 13D/A |
Recent SEC filings of Workhorse Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 13, 2023 | 8-K | Current Report | |
| Sep 06, 2023 | 8-K | Current Report | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 8-K | Current Report | |
| Aug 28, 2023 | 8-K | Current Report | |
| Aug 25, 2023 | DEFA14A | DEFA14A | |
| Aug 25, 2023 | DEFA14A | DEFA14A | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 22, 2023 | DEFA14A | DEFA14A |
Peers (Alternatives to Workhorse Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
TSLA | 833.5B | 94.0B | 13.54% | -14.95% | 68.34 | 8.86 | 39.99% | 28.15% |
GM | 46.0B | 169.7B | -0.21% | -14.62% | 4.5 | 0.27 | 28.48% | 17.97% |
APTV | 28.8B | 19.3B | 5.48% | 9.48% | 30.19 | 1.49 | 20.28% | 442.05% |
BWA | 9.6B | 16.9B | 3.29% | 13.92% | 10.13 | 0.57 | 14.72% | 48.05% |
| MID-CAP | ||||||||
ALV | 8.2B | 9.8B | 1.97% | 32.01% | 21.15 | 0.84 | 19.51% | 15.13% |
LEA | 8.0B | 22.5B | -4.12% | 1.94% | 15.39 | 0.36 | 15.59% | 362.44% |
GNTX | 7.2B | 2.1B | 0.81% | 23.88% | 22.03 | 3.62 | 21.15% | 13.96% |
ADNT | 3.5B | 15.3B | -2.02% | 14.70% | 30.37 | 0.23 | 15.66% | -85.53% |
| SMALL-CAP | ||||||||
AXL | 844.3M | 6.0B | -0.55% | -12.50% | 19.5 | 0.14 | 12.58% | 274.60% |
SRI | 549.3M | 966.1M | -5.58% | 9.43% | -58.32 | 0.57 | 16.77% | 70.13% |
KNDI | 261.8M | - | 7.06% | 66.19% | -61.64 | - | - | 72.10% |
CPS | 261.0M | 2.7B | -3.80% | 98.69% | -0.93 | 0.1 | 15.58% | 12.70% |
WKHS | 105.7M | 10.7M | -35.41% | -82.48% | -0.87 | 9.91 | 271.05% | 56.47% |
Workhorse Group News
Returns for WKHS
Cumulative Returns on WKHS
-33.1%
7-Year Cumulative Returns
-13.6%
5-Year Cumulative Returns
-74.4%
3-Year Cumulative Returns
Risks for WKHS
What is the probability of a big loss on WKHS?
100%
Probability that Workhorse Group stock will be more than 20% underwater in next one year
100%
Probability that Workhorse Group stock will be more than 30% underwater in next one year.
98.8%
Probability that Workhorse Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WKHS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Workhorse Group was unfortunately bought at previous high price.
Drawdowns
Financials for Workhorse Group
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 | 2017Q4 |
| Revenue | 36.0% | 10,662,681 | 7,842,877 | 5,023,072 | 3,948,349 | 2,873,627 | 1,798,904 | 2,940,213 | 1,829,279 | 1,392,519 | 743,563 | 183,114 | 96,680 | 376,562 | 395,211 | 401,950 | 567,126 | 763,173 | 6,255,333 | 9,529,336 | 9,628,652 | 10,638,460 |
| Gross Profit | -4.5% | -33,828,153 | -32,374,888 | -32,649,236 | -116,804,200 | -120,963,240 | -37,764,243 | -27,888,989 | -15,715,153 | -11,674,589 | -7,424,231 | -6,593,342 | -6,098,580 | -5,468,329 | -14,462,931 | -14,509,110 | -15,069,675 | -15,190,392 | -10,242,532 | -13,268,789 | -12,527,493 | -14,115,403 |
| Operating Expenses | 1.0% | 103,431,185 | 102,426,127 | 96,433,628 | 93,370,265 | 65,871,277 | 41,968,260 | 36,151,823 | 32,588,111 | 29,306,589 | 28,139,053 | 24,766,370 | 22,413,466 | 18,398,608 | 15,286,689 | 15,907,429 | 17,592,562 | 18,877,175 | 19,557,298 | 22,637,813 | 26,152,822 | 26,557,948 |
| S&GA Expenses | 1.3% | 76,972,046 | 75,999,672 | 73,220,088 | 75,383,261 | 51,209,830 | 29,163,685 | 24,534,157 | 21,477,701 | 20,157,658 | 19,026,110 | 15,627,458 | 13,674,431 | 10,199,534 | 9,357,380 | 10,169,077 | 11,176,225 | 11,485,482 | 10,276,795 | 9,722,388 | 9,320,776 | 8,820,211 |
| R&D Expenses | 0.1% | 26,459,139 | 26,426,455 | 23,213,540 | 17,987,004 | 14,661,447 | 12,804,575 | 11,617,666 | 11,110,410 | 9,148,931 | 9,112,943 | 9,138,912 | 8,739,035 | 8,199,074 | 5,929,309 | 5,738,352 | 6,416,337 | 7,391,693 | 9,280,503 | 12,915,425 | 16,832,046 | 17,737,737 |
| EBITDA | 100.0% | - | -117,017,363 | -117,166,888 | -270,768,615 | -300,940,120 | 54,978,383 | -38,380,795 | 142,080,824 | 282,940,411 | -389,455,105 | -236,728,659 | 14,713,107 | -7,628,736 | - | - | - | - | - | - | - | - |
| EBITDA Margin | 100.0% | - | -23.30 | -23.33 | -61.82 | -167 | 30.56 | -13.05 | 65.58 | 203 | -73.85 | -25.86 | 1.13 | - | - | - | - | - | - | - | - | - |
| Interest Expenses | 64.2% | 1,536,686 | 935,767 | -1,837,882 | -37,976,043 | -19,404,629 | 18,159,510 | -74,755,264 | -188,623,353 | -190,520,337 | -238,367,078 | -158,169,353 | -17,899,784 | -29,145,690 | 25,757,999 | 19,083,046 | 3,686,445 | 2,434,749 | 355,220 | 1,174,983 | 670,673 | 180,437 |
| Earnings Before Taxes | -1.5% | -122,076,124 | -120,218,720 | -117,274,218 | -234,737,008 | -283,366,412 | 35,241,167 | 35,145,350 | -51,285,525 | 91,610,429 | -210,050,808 | -137,413,673 | -26,141,964 | -37,162,827 | -50,423,945 | -52,648,744 | -25,056,688 | -36,502,316 | - | - | - | - |
| EBT Margin | 100.0% | - | -23.93 | -23.35 | -53.60 | -157 | 19.59 | 11.95 | -23.67 | 65.79 | -39.83 | -15.01 | -2.01 | - | - | - | - | - | - | - | - | - |
| Net Income | -1.5% | -122,076,124 | -120,218,720 | -117,274,218 | -234,723,849 | -280,433,762 | 35,241,167 | 32,225,859 | -55,486,963 | 69,776,499 | -210,050,808 | -137,413,673 | -26,141,964 | -37,162,827 | -55,507,619 | -49,499,585 | -36,348,682 | -36,502,316 | -31,268,359 | -38,194,894 | -40,464,297 | -41,967,097 |
| Net Income Margin | 100.0% | - | -23.93 | -23.35 | -53.59 | -155 | 19.59 | 10.96 | -25.61 | 50.11 | -39.83 | -15.01 | -2.01 | - | - | - | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -115,131,266 | -111,315,459 | -99,728,004 | -114,463,690 | -150,576,534 | -141,827,642 | -103,888,701 | -76,007,079 | -50,020,090 | -42,829,840 | -41,395,275 | -38,877,175 | - | - | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -2.5% | 177 | 181 | 183 | 202 | 191 | 210 | 228 | 341 | 444 | 480 | 633 | 120 | 55.00 | 44.00 | 51.00 | 28.00 | 36.00 | 13.00 | 12.00 | 14.00 | 12.00 |
| Current Assets | -6.4% | 124 | 133 | 139 | 163 | 165 | 189 | 216 | 327 | 431 | 467 | 290 | 100 | 35.00 | 24.00 | 32.00 | 19.00 | 27.00 | 8.00 | 6.00 | 9.00 | 6.00 |
| Cash Equivalents | -21.1% | 62.00 | 79.00 | 99.00 | 120 | 140 | 167 | 202 | 230 | 157 | 205 | 241 | 80.00 | 26.00 | 17.00 | 25.00 | 10.00 | 24.00 | 3.00 | 2.00 | 3.00 | 1.00 |
| Inventory | 57.8% | 35.00 | 22.00 | 9.00 | 12.00 | 13.00 | 13.00 | 10.00 | 62.00 | 50.00 | 31.00 | 15.00 | 6.00 | 4.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 5.00 | 5.00 |
| Net PPE | 16.3% | 31.00 | 27.00 | 22.00 | 17.00 | 14.00 | 11.00 | 8.00 | 14.00 | 14.00 | 12.00 | 11.00 | 8.00 | 7.00 | 7.00 | 7.00 | 9.00 | 8.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Liabilities | -9.2% | 70.00 | 77.00 | 74.00 | 71.00 | 27.00 | 53.00 | 53.00 | 200 | 222 | 204 | 237 | - | - | - | 86.00 | - | - | - | - | - | - |
| Current Liabilities | -10.8% | 58.00 | 65.00 | 63.00 | 60.00 | 18.00 | 21.00 | 28.00 | 175 | 18.00 | 18.00 | 18.00 | 132 | 105 | 39.00 | 47.00 | 39.00 | 36.00 | 23.00 | 19.00 | 12.00 | 15.00 |
| LT Debt, Current | - | - | - | - | - | - | - | - | - | - | - | 1.00 | 1.00 | 1.00 | 20.00 | - | 6.00 | - | - | - | - | 0.00 |
| LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | - | 1.00 | 1.00 | 7.00 | - | 8.00 | 9.00 | 8.00 | 8.00 | - | 2.00 |
| Shareholder's Equity | 2.4% | 107 | 105 | 109 | 131 | 164 | 156 | 175 | 141 | 223 | 276 | 395 | - | - | - | - | - | - | - | - | 2.00 | - |
| Retained Earnings | -3.5% | -675 | -652 | -627 | -589 | -553 | -532 | -510 | -354 | -273 | -229 | -109 | -389 | -305 | -174 | -178 | -179 | -167 | -147 | -141 | -123 | -118 |
| Additional Paid-In Capital | 3.4% | 783 | 757 | 736 | 720 | 717 | 688 | 686 | 505 | 506 | 505 | 504 | 376 | 234 | 151 | 144 | 141 | 141 | 130 | 126 | 126 | 113 |
| Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.00 | 3.00 | - | 2.00 | 2.00 | 2.00 |
| Shares Outstanding | 13.6% | 205 | 181 | 166 | 160 | 159 | 152 | 152 | 124 | 123 | 123 | 122 | 107 | 75.00 | 68.00 | 67.00 | 66.00 | 61.00 | 55.00 | 58.00 | 46.00 | 42.00 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -8.7% | -104,156 | -95,825 | -93,818 | -88,508 | -106,771 | -128,415 | -132,577 | -142,684 | -133,792 | -97,359 | -70,278 | -50,376 | -42,815 | -38,925 | -36,871 | -28,565 | -25,986 | -22,941 | -21,754 | -27,705 | -26,501 |
| Share Based Compensation | 4.0% | 12,619 | 12,134 | 11,460 | 10,318 | 8,554 | 6,401 | 4,943 | 4,507 | 4,024 | 4,054 | 4,021 | 3,534 | 3,132 | 2,148 | 1,980 | 1,470 | 1,388 | 1,678 | 1,060 | 1,160 | 1,327 |
| Cashflow From Investing | -13.8% | -24,833 | -21,828 | -20,019 | 88,908 | 97,435 | 97,481 | 99,813 | -7,892 | -8,035 | -6,528 | -5,728 | 4,011 | 3,646 | 1,191 | 1,655 | -3,888 | -2,983 | -24.56 | -18.42 | -637 | -395 |
| Cashflow From Financing | 72.7% | 51,309 | 29,717 | 11,467 | -110,702 | -7,213 | -7,092 | -6,817 | 300,775 | 272,241 | 292,139 | 292,368 | 116,427 | 41,848 | 51,712 | 58,573 | 39,621 | 51,904 | 25,054 | 19,216 | 21,179 | 21,864 |
WKHS Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Sales, net of returns and allowances | $ 3,966,463 | $ 12,555 | $ 5,659,878 | $ 26,854 |
| Cost of sales | 8,427,377 | 3,020,204 | 13,755,496 | 6,943,555 |
| Gross loss | (4,460,914) | (3,007,649) | (8,095,618) | (6,916,701) |
| Operating expenses | ||||
| Selling, general and administrative | 14,002,517 | 13,030,143 | 28,692,360 | 24,940,402 |
| Research and development | 5,059,745 | 5,027,061 | 12,284,594 | 9,038,995 |
| Total operating expenses | 19,062,262 | 18,057,204 | 40,976,954 | 33,979,397 |
| Loss from operations | (23,523,176) | (21,064,853) | (49,072,572) | (40,896,098) |
| Interest income (expense), net | 505,500 | (95,419) | 1,055,859 | (2,318,709) |
| Loss before benefit for income taxes | (23,017,676) | (21,160,272) | (48,016,713) | (43,214,807) |
| Benefit for income taxes | 0 | 0 | 0 | 0 |
| Net loss | $ (23,017,676) | $ (21,160,272) | $ (48,016,713) | $ (43,214,807) |
| Net loss per share of common stock | ||||
| Basic (in usd per share) | $ (0.12) | $ (0.13) | $ (0.27) | $ (0.28) |
| Diluted (in usd per share) | $ (0.12) | $ (0.13) | $ (0.27) | $ (0.28) |
| Weighted average shares used in computing net loss per share of common stock | ||||
| Basic (in shares) | 185,660,305 | 159,107,776 | 176,453,477 | 155,543,436 |
| Diluted (in shares) | 185,660,305 | 159,107,776 | 176,453,477 | 155,543,436 |
WKHS Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 62,379,740 | $ 99,276,301 |
| Accounts receivable, less allowance for credit losses of $2.4 million and zero as of June 30, 2023 and December 31, 2022 | 2,837,242 | 2,079,343 |
| Other receivable | 15,000,000 | 15,000,000 |
| Inventory, net | 34,623,566 | 8,850,142 |
| Prepaid expenses and other current assets | 9,450,740 | 14,152,481 |
| Total current assets | 124,291,288 | 139,358,267 |
| Property, plant and equipment, net | 31,300,436 | 21,501,095 |
| Investment in Tropos | 10,000,000 | 10,000,000 |
| Lease right-of-use assets | 11,158,562 | 11,706,803 |
| Other assets | 176,310 | 176,310 |
| Total Assets | 176,926,596 | 182,742,475 |
| Current liabilities: | ||
| Accounts payable | 10,228,919 | 10,235,345 |
| Accrued and other current liabilities | 43,049,743 | 46,207,431 |
| Accrued commissions | 1,406,250 | 3,375,000 |
| Warranty liability | 1,922,580 | 2,207,674 |
| Current portion of lease liabilities | 1,486,417 | 1,285,032 |
| Total current liabilities | 58,093,909 | 63,310,482 |
| Deferred revenue, long-term | 3,368,831 | 2,005,000 |
| Lease liability, long-term | 8,076,135 | 8,840,062 |
| Total Liabilities | 69,538,875 | 74,155,544 |
| Commitments and contingencies | ||
| Stockholders’ Equity: | ||
| Series A preferred stock, par value $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2023 and December 31, 2022 | 0 | 0 |
| Common stock, par value $0.001 per share, 250,000,000 shares authorized, 205,221,154 shares issued and outstanding as of June 30, 2023 and 165,605,355 shares issued and outstanding as of December 31, 2022 | 205,221 | 165,605 |
| Additional paid-in capital | 782,848,275 | 736,070,388 |
| Accumulated deficit | (675,665,775) | (627,649,062) |
| Total stockholders’ equity | 107,387,721 | 108,586,931 |
| Total Liabilities and Stockholders’ Equity | $ 176,926,596 | $ 182,742,475 |
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles deployed. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.