Why did WKHS Q4 earnings fall short of forecasts?

Workhorse Group Inc. (WKHS) experienced a shortfall in its Q4 earnings relative to forecasts due to several key factors:

1. **Revenue Shortfall**: The company's total revenue for the fiscal year 2024 was $6.6 million, which is a significant decrease from the $13.1 million recorded in 2023. This decline is primarily attributed to lower sales of the W4 CC vehicle, despite increased sales of the W56 vehicle and other service revenues.
2. **Cost Reductions and Strategic Adjustments**: While the company has made progress in product development and has received positive feedback on the W56 model, the overall revenue shortfall indicates that these positive developments may not have been sufficient to offset the negative impact of lower W4 CC sales and other operational challenges.

In summary, Workhorse Group's Q4 earnings fell short of forecasts due to a combination of lower revenue from vehicle sales and ongoing operational challenges, despite efforts to reduce costs and develop new products.