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Workhorse swings to a loss and to negative revenue, as volumes declined and returns increased

Workhorse swings to a loss and to negative revenue, as volumes declined and returns increased

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Shares of Workhorse Group Inc. WKHS, +2.96% gained 0.3% in premarket trading Tuesday, after the electric vehicle maker swung to a net loss and reported surprisingly negative revenue, while saying it expects to deliver 250 vehicles this year. The company recorded a net loss for the quarter to Dec. 31 of $156.1 million, after net income of $280.5 million in the year-ago period.

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