https://wccftech.com/workhorse-q3-2020-earnings-the-stock-surges-on-the-back-of-a-fresh-order-of-500-all-electric-c-1000-delivery-vehicles/

Workhorse Group (NASDAQ:WKHS), the manufacturer of cost-effective and drone-integrated electric delivery and utility vehicles, has endured a battering over the last couple of weeks as the stock registered a loss of over 43 percent relative to its all-time high share price of $30.60 on the 18th of September. Today, Workhorse shares are again in focus as the company gears up to announce its earnings for the third quarter of 2020.

During the three months that ended on the 30th of September 2020, Workhorse earned $564,707 in revenue, exceeding consensus expectations by 41 percent and registering an annual increase of over 14,000 percent. The company had reported $92,000 in revenue during the last quarter.