You cannot skip any step in the process or avoid the hard work required to move across each level to achieve success.
#WORKHORSE GROUP SERIES#
We continue to believe that long-term value creation comes by following a series of successive and deliberate steps taken to build a business. We are largely complete and filling critical open leadership positions with highly capable and proven industry veterans. Given the right people on the team establishes the foundation for our future success. We made progress on several initiatives across our 6 P's, people, products, processes, partners, politics and profits. Each of the priorities we executed on in Q4 are a deliberate part of our 3-year business plan to stabilize, profitably grow and create shareholder value here at Workhorse. Most importantly, we have developed a revised and executable strategic product portfolio roadmap for our future electric power delivery van and truck offerings, which includes developing 2 new truck chassis platforms that we will lay out in today's presentation. One, we built out our executive leadership team two, we significantly enhanced our engineering and technical expertise three, we opened a new technical center in Wixom, Michigan four, we stabilized and strengthened our financial position and five, we finalized our 2022 budget. I'm pleased to say we accomplished the majority of these objectives with a little bit more work to do on our 20 business plans. On last quarter's earnings call, we laid out clear priorities for the fourth quarter. Let's just - let's jump right into how we executed on our priorities in Q4 and then review our future plans for the Company. I am confident we are on the right path and believe strongly in our ability to pioneer the transition to 0 mission commercial vehicles. During that time, we have completed a deep dive review of every aspect of the business, taking significant action and made difficult decisions to strengthen both the team and business foundations of the Company. It's now been 7 months since I joined the Company. We appreciate you taking the time to join us today and for your patience, as we work to get our hands around the Company and develop a viable business plan for Workhorse. I'm thrilled to welcome both you and Bob to your first earnings call here at Workhorse, and welcome to the team.
#WORKHORSE GROUP FULL#
You could find the full disclaimer statement in our 2021 Form 10-K, other filings that we make with the SEC, as well as in today's press release.Īnd with these details out of the way, I'd like to turn the call over to Rick Dauch. On our disclaimer, you'll find on Slide 4, some of the comments that will be made today are forward-looking and, therefore, are subject to certain provisions, as well as risks and uncertainties. And once Bob has finished with our outlook for the year ahead, Rick will provide a wrap up, and then we'll take your questions.
Bob will then walk us through the financial results for the quarter and the full year.
#WORKHORSE GROUP UPDATE#
Following my opening remarks, I'll hand it over to Rick, who will give you an update on our strategic priorities, including our new product portfolio roadmap. Joining me on today's call is Rick Dauch, our CEO and Bob Ginnan, our new CFO, who joined us in January.
#WORKHORSE GROUP DOWNLOAD#
We'll be tracking with the posted presentation during the call, so please follow along either through the website directly or via download on your PC. We've also released our Form 10-K this morning.
Good morning, and welcome to all of you joining us on today's fourth quarter and full year 2021 results call.īefore we begin, I'd like to note that we've posted our results for the fourth quarter and full year ended December 31st, 2021 via press release, as well as an accompanying presentation in the Investor Relations section of our website. It is now my pleasure to introduce your host, Workhorse Group's Vice President of Corporate Development and Communications, Stan March. As a reminder, this conference call is being recorded. Ladies and gentlemen, greetings, and welcome to Workhorse Group's Fourth Quarter and Full Year 2021 Investor Conference Call. Stan March - Vice President, Corporate Development and Communications ( NASDAQ: WKHS) Q4 2021 Earnings Conference Call Ma10:00 AM ET
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