Earnings Call Summary | Workhorse(WKHS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Workhorse(WKHS.US) Q1 2024 Earnings Conference
The following is a summary of the Workhorse Group Inc. (WKHS) Q1 2024 Earnings Call Transcript:
以下是Workhorse Group Inc.（WKHS）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Workhorse reported Q1 2024 sales of $1.4 million, marking a decrease from $1.7 million during the same period last year.
The cost of sales increased to $7.4 million due to an increase in various expenses, leading to a net loss of $29.2 million, higher than the previous year.
As of March 31, 2024, the company had $6.7 million in cash and cash equivalents.
Workhorse報告稱，2024年第一季度的銷售額爲140萬美元，較去年同期的170萬美元有所下降。
由於各種支出的增加，銷售成本增加到740萬美元，淨虧損爲2920萬美元，高於上一年。
截至2024年3月31日，該公司擁有670萬澳元的現金及現金等價物。
Business Progress:
業務進展：
The company made notable strides in product development, strategic planning, and financial position improvement.
Received substantial orders for its W56 and W4 CC trucks, and is working towards a transition to a capital-light drones-as-a-service business model.
Successfully divested its Aero business for increased financial flexibility and continues to expand its EV fleet.
Plans to increase production and workforce for better catering to customer demands.
Sees increasing orders indicating acceptance of EV adoption and is dedicated to winning despite the challenges in the transition to EV.
該公司在產品開發、戰略規劃和財務狀況改善方面取得了顯著進展。
其W56和W4 CC卡車獲得了大量訂單，並正在努力過渡到資本輕型無人機即服務的業務模式。
成功剝離其航空業務以提高財務靈活性，並繼續擴大其電動汽車車隊。
計劃增加產量和勞動力，以更好地滿足客戶需求。
訂單不斷增加，表明人們接受了電動汽車的採用，儘管向電動汽車過渡面臨挑戰，但仍致力於贏得勝利。
More details: Workhorse IR
更多詳情： 主力紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。