Workhorse WKHS Q2 2022 earnings

Workhorse Group cut its revenue and delivery guidance for 2022 on Tuesday, saying that it may not be able to deliver as many of its electric commercial vehicles as planned because of ongoing supply-chain issues.

Workhorse said that it now expects to deliver between 150 and 250 of its vehicles for the year, generating between $15 million and $25 million in revenue. It had said in May that it expected to deliver “at least 250” vehicles this year, generating “at least $25 million” in revenue.

Workhorse’s shares were down about 11% in early trading after the news was released.

Workhorse announced the guidance changes as part of its second-quarter earnings…