Workhorse Group Inc (NASDAQ:WKHS) shares are trading lower after the company reported fourth-quarter FY23 results.
Sales, net of returns and allowances, stood at $4.4 million, up from $3.4 million a year ago, beating the consensus of $3.24 million.
The increase was primarily led by higher vehicle sales and Stables by Workhorse and DaaS revenue contributions.
Selling, general, and administrative (SG&A) expenses rose to $15.1 million from $13.5 million a year ago, owing to …