Workhorse Group Inc. (WKHS) CEO Duane Hughes on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-05-10 Earnings Summary

EPS of -$245.00 misses by $202.50
 | Revenue of $521.06K (518.10% Y/Y) misses by $1.81M

Workhorse Group Inc. (NASDAQ:WKHS) Q1 2021 Earnings Conference Call May 10, 2021 10:00 AM ET

Company Participants

Rob Willison - Chief Operating Officer
Duane Hughes - Chief Executive Officer
Steve Schrader - Chief Financial Officer
Ryan Gaul - President, Commercial Vehicles
John Graber - President, Aerospace Operations

Conference Call Participants

Greg Lewis - BTIG
Colin Rusch - Oppenheimer
Craig Irwin - ROTH Capital Partners
Mike Shlisky - Colliers Securities
Chris Souther - B. Riley
Craig Shere - Tuohy Brothers
Thomas Boyes - Cowen

Operator

Ladies and gentlemen, greetings and welcome to Workhorse Group’s First Quarter 2021 Investor Conference Call. As a reminder, this conference call is being recorded. It is now my pleasure to introduce your host, Workhorse Chief Operating Officer, Dr. Rob Willison. Sir, you may begin.

Rob Willison

Thank you, operator and good morning everyone. We appreciate you taking the time to join us for our call. Before the market opened, we issued a press release with our results for the first quarter ended March 31, 2021, a copy of which is in the Investor Relations section of our website. We also released our Form 10-Q this morning.

I am going to turn the call over to our CFO, Steve Schrader in a few moments. And Steve will walk us through our financial results for the quarter. After that, our CEO, Duane Hughes, will give you an update on our business, provide an outlook for the remainder of the year and introduce our new commercial vehicles and aerospace presidents.

But before we begin, I want to call your attention to our Safe Harbor provision for forward-looking statements that is posted on our website and as part of our quarterly update. The Safe Harbor provision identifies risk factors that may cause actual results to differ materially from the content of our

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