WKSP
Worksport Ltd.
Price Chart
Latest Quote
$1.83
Current Price| Previous Close | $1.85 |
| Open | $1.86 |
| Day High | $1.88 |
| Day Low | $1.83 |
| Volume | 57,089 |
Stock Information
| Shares Outstanding | 9.81M |
| Total Debt | $3.09M |
| Cash Equivalents | $3.98M |
| Revenue | $14.29M |
| Net Income | $-17.42M |
| Sector | Consumer Cyclical |
| Industry | Auto Parts |
| Market Cap | $17.96M |
| EPS (TTM) | $-3.64 |
| Exchange | NCM |
đ Custom Metrics & Score
Score: 15/42| Debt to Equity | 0.32 |
| Debt to Earnings | 6.20 |
| Current Ratio | 3.30 |
| Quick Ratio | 1.61 |
| Avg Revenue Growth | 673.30% |
| Profit Margin | -190.51% |
| Return on Equity | -92.82% |
| Avg FCF Growth | 24.92% |
| FCF Yield | -59.39% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $1.83 | 58,200 |
| 2026-01-30 | $1.85 | 53,300 |
| 2026-01-29 | $1.84 | 138,000 |
| 2026-01-28 | $1.96 | 114,100 |
| 2026-01-27 | $1.96 | 457,800 |
| 2026-01-26 | $1.94 | 222,400 |
| 2026-01-23 | $2.08 | 114,800 |
| 2026-01-22 | $2.12 | 261,000 |
| 2026-01-21 | $2.19 | 92,100 |
| 2026-01-20 | $2.19 | 146,500 |
| 2026-01-16 | $2.30 | 86,500 |
| 2026-01-15 | $2.25 | 191,200 |
| 2026-01-14 | $2.20 | 133,100 |
| 2026-01-13 | $2.30 | 144,800 |
| 2026-01-12 | $2.17 | 214,100 |
| 2026-01-09 | $2.29 | 137,600 |
| 2026-01-08 | $2.29 | 69,700 |
| 2026-01-07 | $2.34 | 106,200 |
| 2026-01-06 | $2.33 | 120,200 |
| 2026-01-05 | $2.21 | 141,200 |
About Worksport Ltd.
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station. It serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. The company is based in West Seneca, New York.
đ° Latest News
Worksport announces HD3 tonneau cover selling to B2B dealers
TipRanks âĸ 2025-11-26T13:40:23Z
EXCLUSIVE: Worksport Reports Record Q3 Revenue, Gross Profit
Benzinga âĸ 2025-10-16T17:46:06Z
Bitcoin, XRP Treasury Strategy Paying Off? Worksport Reports Record Sales
Benzinga âĸ 2025-09-09T20:31:09Z
What Makes Worksport (WKSP) a New Buy Stock
Zacks âĸ 2025-08-19T16:00:03Z
Worksport Ltd (WKSP) Q2 2025 Earnings Call Highlights: Record Revenue Growth and Strategic Expansion
GuruFocus.com âĸ 2025-08-14T23:01:15ZEvery New Trillion Of Debt In Trump's 'Big Beautiful Bill' Is 'Free Adertising For Bitcoin,' Expert States
Benzinga âĸ 2025-07-04T20:30:56Z
Worksport announces commercial-use pilot project with U.S. construction firm
TipRanks âĸ 2025-06-26T13:10:31Z
EXCLUSIVE: Worksport Clocks $1.3 Million Revenue In May, Margins Rise
Benzinga âĸ 2025-06-23T12:20:59Z
EXCLUSIVE: Worksport's March B2B Sales Soar Nearly 70%
Benzinga âĸ 2025-04-22T12:16:43Z
Worksport Ltd (WKSP) Q4 2024 Earnings Call Highlights: Record Sales Surge and Strategic Growth Plans
GuruFocus.com âĸ 2025-04-03T01:00:33ZIncome Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $7,578,729 | $1,289,118 | $56,967 | $350,702 |
| Cost Of Revenue | $7,578,729 | $1,289,118 | $56,967 | $350,702 |
| Total Revenue | $8,484,379 | $1,529,632 | $116,502 | $303,750 |
| Operating Revenue | $8,484,379 | $1,529,632 | $116,502 | $303,750 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $726,095 | $616,214 | $488,704 | $294,923 |
| Total Expenses | $23,965,098 | $16,268,986 | $12,900,678 | $7,861,316 |
| Other Income Expense | $5,533 | $187,257 | $526,176 | $-48,290 |
| Other Non Operating Income Expenses | $-9,352 | $184,564 | $213,383 | - |
| Net Non Operating Interest Income Expense | $-688,603 | $-376,861 | $-276,414 | $-291,229 |
| Interest Expense Non Operating | $726,095 | $616,214 | $488,704 | $294,923 |
| Operating Expense | $16,386,369 | $14,979,868 | $12,843,711 | $7,510,614 |
| Selling And Marketing Expense | $2,386,504 | $1,483,054 | $2,446,266 | $1,386,692 |
| General And Administrative Expense | $11,709,925 | $11,827,496 | $10,397,445 | $6,123,922 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Net Interest Income | $-688,603 | $-376,861 | $-276,414 | $-291,229 |
| Interest Income | $37,492 | $239,353 | $212,290 | $3,694 |
| Normalized Income | $-16,178,674 | $-14,931,651 | $-12,847,207 | $-7,848,795 |
| Net Income From Continuing And Discontinued Operation | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Total Operating Income As Reported | $-15,465,834 | $-14,736,661 | $-12,773,715 | $-7,561,731 |
| Net Income Common Stockholders | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Net Income | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Net Income Including Noncontrolling Interests | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Net Income Continuous Operations | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Pretax Income | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Interest Income Non Operating | $37,492 | $239,353 | $212,290 | $3,694 |
| Operating Income | $-15,480,719 | $-14,739,354 | $-12,784,176 | $-7,557,566 |
| Gross Profit | $905,650 | $240,514 | $59,535 | $-46,952 |
| Special Income Charges | - | $0 | $302,332 | $-44,125 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $-5.84 | $-8.44 | $-7.30 | $-6.90 |
| Basic EPS | $-5.84 | $-8.44 | $-7.30 | $-6.90 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-13,699,294 | $-13,205,695 | $-11,871,921 | $-7,486,996 |
| Total Unusual Items | $14,885 | $2,693 | $312,793 | $-48,290 |
| Total Unusual Items Excluding Goodwill | $14,885 | $2,693 | $312,793 | $-48,290 |
| Reconciled Depreciation | $1,753,285 | $1,109,742 | $486,582 | $66,876 |
| EBITDA (Bullshit earnings) | $-13,684,409 | $-13,203,002 | $-11,559,128 | $-7,535,286 |
| EBIT | $-15,437,694 | $-14,312,744 | $-12,045,710 | $-7,602,162 |
| Diluted Average Shares | $2,768,732 | $1,768,991 | $1,707,848 | $1,150,414 |
| Basic Average Shares | $2,768,732 | $1,768,991 | $1,707,848 | $1,150,414 |
| Diluted NI Availto Com Stockholders | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Gain On Sale Of Security | $14,885 | $2,693 | $10,461 | $-4,165 |
| Research And Development | $2,289,940 | $1,669,318 | - | - |
| Selling General And Administration | $14,096,429 | $13,310,550 | $12,843,711 | $7,510,614 |
| Other Gand A | $11,709,925 | $11,827,496 | $10,397,445 | $6,123,922 |
| Other Special Charges | - | - | $-302,332 | $-18,204 |
| Write Off | - | - | $0 | $62,329 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $16,460,582 | $16,839,654 | $22,849,381 | $33,587,269 |
| Total Assets | $25,736,660 | $25,953,916 | $32,764,130 | $36,294,099 |
| Total Non Current Assets | $15,258,998 | $16,830,410 | $14,432,023 | $2,262,094 |
| Goodwill And Other Intangible Assets | $953,049 | $1,338,889 | $1,268,873 | $593,053 |
| Other Intangible Assets | $953,049 | $1,338,889 | $1,268,873 | $593,053 |
| Current Assets | $10,477,662 | $9,123,506 | $18,332,107 | $34,032,005 |
| Prepaid Assets | $192,192 | $1,497,249 | $2,034,345 | $4,715,495 |
| Inventory | $5,190,054 | $3,631,492 | $1,346,372 | $501,772 |
| Receivables | $212,317 | $628,987 | $330,633 | $247,405 |
| Other Receivables | $169,728 | $165,865 | $268,032 | $184,721 |
| Accounts Receivable | $42,589 | $463,122 | $62,601 | $62,684 |
| Cash Cash Equivalents And Short Term Investments | $4,883,099 | $2,634,976 | $14,209,741 | $28,567,333 |
| Cash And Cash Equivalents | $4,883,099 | $2,634,976 | $14,209,741 | $28,567,333 |
| Restricted Cash | - | $730,802 | $411,016 | $0 |
| Cash Financial | - | - | $14,209,741 | $28,567,333 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $120,898 | $2,667,216 | - | - |
| Total Debt | $5,619,004 | $6,239,182 | $6,617,571 | $857,062 |
| Long Term Debt And Capital Lease Obligation | $5,149,477 | $608,761 | $6,184,146 | $316,988 |
| Long Term Debt | $4,781,005 | - | $5,300,000 | - |
| Current Debt And Capital Lease Obligation | $469,527 | $5,630,421 | $433,425 | $540,074 |
| Current Debt | $222,992 | $5,302,192 | $46,096 | $327,145 |
| Other Current Borrowings | $222,992 | $5,302,192 | $46,096 | $63,934 |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $8,323,029 | $7,775,373 | $8,645,876 | $2,113,777 |
| Total Non Current Liabilities Net Minority Interest | $5,149,477 | $608,761 | $6,184,146 | $316,988 |
| Current Liabilities | $3,173,552 | $7,166,612 | $2,461,730 | $1,796,789 |
| Payables And Accrued Expenses | $2,326,913 | $1,451,181 | $2,028,305 | $1,256,715 |
| Payables | $1,526,630 | $1,260,285 | $2,028,305 | $1,256,715 |
| Accounts Payable | $1,526,630 | $1,260,285 | $2,028,305 | $1,144,526 |
| Total Tax Payable | - | $85,010 | $0 | $112,189 |
| Current Notes Payable | - | - | $0 | $263,211 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $17,413,631 | $18,178,543 | $24,118,254 | $34,180,322 |
| Total Equity Gross Minority Interest | $17,413,631 | $18,178,543 | $24,118,254 | $34,180,322 |
| Stockholders Equity | $17,413,631 | $18,178,543 | $24,118,254 | $34,180,322 |
| Other Equity Interest | $2,113,487 | $1,812,575 | $589,712 | $428,539 |
| Gains Losses Not Affecting Retained Earnings | $-8,580 | $-8,580 | $-8,580 | $-8,580 |
| Retained Earnings | $-64,476,966 | $-48,313,177 | $-33,384,219 | $-20,849,805 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $4,016,205 | $2,032,050 | $1,715,937 | $1,695,103 |
| Share Issued | $4,016,205 | $2,032,050 | $1,715,937 | $1,695,103 |
| Tangible Book Value | $16,460,582 | $16,839,654 | $22,849,381 | $33,587,269 |
| Invested Capital | $22,417,628 | $23,480,735 | $29,464,350 | $34,507,467 |
| Working Capital | $7,304,110 | $1,956,894 | $15,870,377 | $32,235,216 |
| Capital Lease Obligations | $615,007 | $936,990 | $1,271,475 | $529,917 |
| Total Capitalization | $22,194,636 | $18,178,543 | $29,418,254 | $34,180,322 |
| Foreign Currency Translation Adjustments | $-8,580 | $-8,580 | $-8,580 | $-8,580 |
| Additional Paid In Capital | $79,781,674 | $64,685,693 | $56,919,625 | $54,608,472 |
| Capital Stock | $4,016 | $2,032 | $1,716 | $1,696 |
| Common Stock | $4,016 | $2,032 | $1,716 | $1,696 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $368,472 | $608,761 | $884,146 | $316,988 |
| Current Capital Lease Obligation | $246,535 | $328,229 | $387,329 | $212,929 |
| Pensionand Other Post Retirement Benefit Plans Current | $377,112 | $85,010 | - | - |
| Current Accrued Expenses | $800,283 | $190,896 | - | - |
| Investments And Advances | $66,308 | $90,731 | $24,423 | $24,423 |
| Net PPE | $14,239,641 | $15,400,790 | $13,138,727 | $1,644,618 |
| Accumulated Depreciation | $-3,032,025 | $-1,664,580 | $-557,346 | $-73,273 |
| Gross PPE | $17,271,666 | $17,065,370 | $13,696,073 | $1,717,891 |
| Leases | $862,504 | $861,332 | $675,751 | $368,233 |
| Other Properties | $7,648,851 | $7,486,607 | $3,705,676 | $607,190 |
| Machinery Furniture Equipment | $441,496 | $398,616 | $390,831 | $226,649 |
| Buildings And Improvements | $6,079,410 | $6,079,410 | $6,079,410 | $515,819 |
| Land And Improvements | $2,239,405 | $2,239,405 | $2,239,405 | $0 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $1,343,006 | $1,717,669 | $1,200,759 | $427,794 |
| Work In Process | $473,344 | $101,660 | - | - |
| Raw Materials | $3,373,704 | $1,812,163 | $94,823 | $73,250 |
| Treasury Shares Number | - | $0 | - | - |
| Construction In Progress | - | $0 | $605,000 | $0 |
| Other Inventories | - | $101,660 | $50,790 | $728 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $-10,667,033 | $-15,620,636 | $-19,128,736 | $-5,342,358 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $-10,138,798 | $-11,930,580 | $-7,977,960 | $-4,210,623 |
| Cash Flow From Continuing Operating Activities | $-10,138,798 | $-11,930,580 | $-7,977,960 | $-4,210,623 |
| Operating Gains Losses | - | - | $-302,332 | $-18,204 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-528,235 | $-3,690,056 | $-11,150,776 | $-1,131,735 |
| Investing Cash Flow | $-528,235 | $-3,756,364 | $-11,150,776 | $-1,131,735 |
| Cash Flow From Continuing Investing Activities | $-528,235 | $-3,756,364 | $-11,150,776 | $-1,131,735 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Issuance Of Capital Stock | $8,736,114 | $4,475,869 | $0 | $24,398,070 |
| Financing Cash Flow | $12,184,354 | $4,431,965 | $5,182,160 | $32,801,879 |
| Cash Flow From Continuing Financing Activities | $12,184,354 | $4,431,965 | $5,182,160 | $32,801,879 |
| Net Common Stock Issuance | $8,736,114 | $4,475,869 | $0 | $24,398,070 |
| Common Stock Issuance | $8,736,114 | $4,475,869 | $0 | $24,398,070 |
| Net Other Financing Charges | - | - | $10,547 | $12,154 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-12,085,863 | $-43,904 | $-128,387 | $-62,905 |
| Issuance Of Debt | $11,787,668 | $0 | $5,300,000 | $0 |
| Interest Paid Supplemental Data | $669,000 | $626,000 | $479,000 | $0 |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | - |
| End Cash Position | $4,883,099 | $3,365,778 | $14,620,757 | $28,567,333 |
| Beginning Cash Position | $3,365,778 | $14,620,757 | $28,567,333 | $1,107,812 |
| Changes In Cash | $1,517,321 | $-11,254,979 | $-13,946,576 | $27,459,521 |
| Proceeds From Stock Option Exercised | $3,746,435 | $0 | $0 | $8,454,560 |
| Net Issuance Payments Of Debt | $-298,195 | $-43,904 | $5,182,160 | $-62,905 |
| Net Short Term Debt Issuance | $-5,327,441 | $-43,904 | $10,547 | $-62,905 |
| Short Term Debt Payments | $-5,327,441 | $-43,904 | $-128,387 | $-62,905 |
| Net Long Term Debt Issuance | $5,029,246 | $0 | $5,171,613 | $-62,905 |
| Long Term Debt Payments | $-6,758,422 | $0 | $-128,387 | $-62,905 |
| Long Term Debt Issuance | $11,787,668 | $0 | $5,300,000 | $0 |
| Net Investment Purchase And Sale | $0 | $-66,308 | $0 | $0 |
| Net PPE Purchase And Sale | $-528,235 | $-3,690,056 | $-11,047,447 | $-1,101,784 |
| Purchase Of PPE | $-528,235 | $-3,690,056 | $-11,047,447 | $-1,101,784 |
| Change In Working Capital | $1,298,027 | $-3,852,297 | $-565,377 | $-612,775 |
| Change In Payables And Accrued Expense | $1,167,834 | $-492,114 | $883,151 | $251,483 |
| Change In Prepaid Assets | $1,305,057 | $-776,709 | $-529,438 | $-382,067 |
| Change In Inventory | $-1,558,562 | $-2,285,120 | $-844,600 | $-460,969 |
| Change In Receivables | $383,698 | $-298,354 | $-83,228 | $-19,111 |
| Changes In Account Receivables | $387,561 | $-400,521 | $83 | $-2,228 |
| Other Non Cash Items | $2,916,284 | $5,740,933 | $4,937,581 | $4,188,236 |
| Provisionand Write Offof Assets | $57,395 | $0 | - | - |
| Depreciation Amortization Depletion | $1,753,285 | $1,109,742 | $486,582 | $66,876 |
| Depreciation And Amortization | $1,753,285 | $1,109,742 | $486,582 | $66,876 |
| Net Income From Continuing Operations | $-16,163,789 | $-14,928,958 | $-12,534,414 | $-7,897,085 |
| Net Intangibles Purchase And Sale | - | $0 | $-103,329 | $-29,951 |
| Purchase Of Intangibles | - | $0 | $-103,329 | $-29,951 |
| Change In Other Current Liabilities | - | $0 | $8,738 | $-2,111 |
| Change In Payable | - | $-492,114 | $883,151 | $251,483 |
| Change In Account Payable | - | $-577,124 | $995,340 | $187,510 |
| Change In Tax Payable | - | $85,010 | $-112,189 | $63,973 |
| Change In Income Tax Payable | - | $85,010 | $-112,189 | $63,973 |
| Asset Impairment Charge | - | - | $0 | $62,329 |
| Purchase Of Investment | - | - | - | $0 |
| Depreciation | - | - | - | $211,740 |