![]() Earlier in January, Pride Group Enterprises, a Canadian-based trucking company placed an order for 6,320 of Workhorse’s C-Series electric delivery vehicles. Workhorse scored its largest order to date this year. Cost of revenue of $254.73 million (+377.1% YoY), yielding a profit of $69.78 million (+287.8% YoY) Vehicle sales accounted for $1,392,519 (+269.8% YoY) of their total revenue, while the Lordstown investment accounted for the remaining $323.11 million (+1938.6% YoY) Breakdown of cost of revenue: cost of vehicle sales accounted for $10.97 million (+90.8% YoY), warranty expenses accounted for $2.1 million (+2177% YoY), operating expenses accounted for $29.31 million (+59.3% YoY) and interest expenses accounted for $190.52 million (+553.6% YoY)
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