REVENUE |
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| REVENUE | REVENUE The following table provides a summary of sales activity for the periods indicated:
Sales, net of returns and allowances, for the three and six months ended June 30, 2024 consisted primarily of vehicle sales. Other sales for the three and six months ended June 30, 2024 consisted of non-warranty after-sales vehicle services, parts and accessories and revenue generated from operating our Stables by Workhorse route, Drones as a Service prior to the Aero Divestiture, and other service revenue. Deferred revenue, current was $7.0 million and $4.7 million as of June 30, 2024 and December 31, 2023, respectively, consisting of the total service fee allocated to the assembly service performance obligations under the Tropos Assembly Services Agreement of $4.7 million and certain performance obligations related to the sale of W4CC trucks in the second quarter of 2024 that were unsatisfied as June 30, 2024 of $2.3 million. The Company expects to recognize a portion of deferred revenue related to the sale of W4 CC trucks as revenue during the remainder of 2024.
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