Workhorse Historical Income Statement
| WKHS Stock | USD 1.15 0.05 4.55% |
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
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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.Operating Income
Operating Income is the amount of profit realized from Workhorse Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Workhorse Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.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 closely tied 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 (109.5 M).
Workhorse income statement Correlations
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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) | (41.0M) | (416.5M) | (116.9M) | (115.3M) | (109.5M) | |
| Ebitda | (7.6M) | (40.2M) | (414.6M) | (113.9M) | (111.2M) | (105.7M) | |
| 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 | 1.9M | 3.0M | 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) | 132.6M | (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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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.