WKSP
Worksport Ltd.
Price Chart
Latest Quote
$0.63
-0.06 (-8.45%)
Current Price
| Previous Close | $0.69 |
| Open | $0.67 |
| Day High | $0.68 |
| Day Low | $0.61 |
| Volume | 638,525 |
Stock Information
| Shares Outstanding | 12.53M |
| Total Debt | $3.66M |
| Cash Equivalents | $567K |
| Revenue | $17.17M |
| Net Income | $-20.72M |
| Sector | Consumer Cyclical |
| Industry | Auto Parts |
| Market Cap | $7.87M |
| EPS (TTM) | $-2.65 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $10.96M |
| Sales | $17.17M |
| Income | $-20.72M |
| Book/sh | $2.33 |
| Cash/sh | $0.05 |
| Employees | 116 |
Financial Ratios
| Quick Ratio | 0.19 |
| Current Ratio | 1.96 |
| Debt/Eq | 18.32 |
Returns & Margins
| ROA | -46.54% |
| ROE | -103.34% |
| Gross Margin | 28.72% |
| Operating Margin | -173.46% |
| Profit Margin | -120.65% |
Ownership
| Insider Ownership | 5.80% |
| Institutional Ownership | 7.54% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -1.90 |
| P/S | 0.46 |
| P/B | 0.27 |
Analyst Data
| Recommendation | none |
| Target Price | $6.75 |
Technical Indicators
| SMA20 | $0.83 |
| SMA50 | $0.96 |
| SMA200 | $2.09 |
| RSI | 37.54 |
| ATR | 0.0970 |
| Shares Float | 8.76M |
| Short Float | 8.19% |
| Short Ratio | 2.18 |
| Rel Volume | 1.07 |
Performance History
| Week | -14.56% |
| Month | -42.39% |
| Quarter | -53.48% |
| 6 Months | -77.73% |
| YTD | -73.28% |
| Year | -80.19% |
| 3 Years | -97.76% |
| 5 Years | -99.30% |
| 10 Years | -99.65% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-05 | $0.63 | 638,600 |
| 2026-06-04 | $0.69 | 623,000 |
| 2026-06-03 | $0.69 | 536,100 |
| 2026-06-02 | $0.70 | 741,500 |
| 2026-06-01 | $0.75 | 776,700 |
| 2026-05-29 | $0.74 | 552,500 |
| 2026-05-28 | $0.76 | 684,200 |
| 2026-05-27 | $0.78 | 491,100 |
| 2026-05-26 | $0.85 | 746,400 |
| 2026-05-22 | $1.01 | 252,300 |
| 2026-05-21 | $0.98 | 225,700 |
| 2026-05-20 | $0.87 | 584,900 |
| 2026-05-19 | $0.80 | 468,200 |
| 2026-05-18 | $0.79 | 492,900 |
| 2026-05-15 | $0.79 | 636,400 |
| 2026-05-14 | $0.82 | 880,700 |
| 2026-05-13 | $0.89 | 1,267,100 |
| 2026-05-12 | $0.97 | 520,300 |
| 2026-05-11 | $1.00 | 437,300 |
| 2026-05-08 | $1.06 | 413,600 |
| 2026-05-07 | $1.08 | 514,900 |
| 2026-05-06 | $1.09 | 463,900 |
About Worksport Ltd.
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in the United States and internationally. It operates through Hard Tonneau Covers and Soft Tonneau Covers segments. 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 provides SOLIS, a solar-integrated tonneau cover designed to combine cargo protection with on-vehicle renewable power generation; COR, a portable energy storage system designed to store and deliver electrical power for mobile, off-grid, and backup power applications; and the AetherLux Pro designed as a combined cooling, heating, and power (CCHP) system that redefines energy efficiency in cold climates. The company serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. Worksport Ltd. is based in West Seneca, New York.
đ° Latest News
Worksport Ltd. Q1 2026 Earnings Call Summary
Moby âĸ 2026-05-15T12:30:00Z
Worksport Ltd. (WKSP) Reports Q1 Loss, Lags Revenue Estimates
Zacks âĸ 2026-05-13T22:10:04Z
Worksport (WKSP) Q1 2026 Earnings Transcript
Motley Fool âĸ 2026-05-13T21:49:09Z
Insight Enterprises (NSIT) Beats Q1 Earnings Estimates
Zacks âĸ 2026-05-07T15:15:07Z
How The Worksport (WKSP) Narrative Is Shifting As The US$7.00 Target Takes Shape
Simply Wall St. âĸ 2026-04-17T13:05:04Z
Worksport Ltd. Q4 2025 Earnings Call Summary
Moby âĸ 2026-03-27T00:19:14Z
Worksport (WKSP) Q4 2025 Earnings Call Transcript
Motley Fool âĸ 2026-03-26T21:49:15Z
How The Worksport WKSP Story Is Shifting After The Price Target Reset
Simply Wall St. âĸ 2026-02-18T17:09:22Z
Worksport enters partnership with Potomac International Partners
TipRanks âĸ 2026-02-04T13:50:26Z
Worksport announces HD3 tonneau cover selling to B2B dealers
TipRanks âĸ 2025-11-26T13:40:23Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $11,626,831 | $7,578,729 | $1,289,118 | $56,967 |
| Cost Of Revenue | $11,626,831 | $7,578,729 | $1,289,118 | $56,967 |
| Total Revenue | $16,101,738 | $8,484,379 | $1,529,632 | $116,502 |
| Operating Revenue | $16,101,738 | $8,484,379 | $1,529,632 | $116,502 |
| Expenses | ||||
| Interest Expense | $592,755 | $726,095 | $616,214 | $488,704 |
| Total Expenses | $34,919,751 | $23,965,098 | $16,268,986 | $12,900,678 |
| Other Income Expense | $58,471 | $43,025 | $187,257 | $526,176 |
| Other Non Operating Income Expenses | $53,884 | $28,140 | $184,564 | $213,383 |
| Net Non Operating Interest Income Expense | $-592,755 | $-726,095 | $-376,861 | $-276,414 |
| Interest Expense Non Operating | $592,755 | $726,095 | $616,214 | $488,704 |
| Operating Expense | $23,292,920 | $16,386,369 | $14,979,868 | $12,843,711 |
| Selling And Marketing Expense | $6,947,671 | $2,386,504 | $1,483,054 | $2,446,266 |
| General And Administrative Expense | $14,806,326 | $11,709,925 | $11,827,496 | $10,397,445 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Net Interest Income | $-592,755 | $-726,095 | $-376,861 | $-276,414 |
| Normalized Income | $-19,356,884 | $-16,178,674 | $-14,931,651 | $-12,847,207 |
| Net Income From Continuing And Discontinued Operation | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Total Operating Income As Reported | $-18,813,426 | $-15,465,834 | $-14,736,661 | $-12,773,715 |
| Net Income Common Stockholders | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Net Income | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Net Income Including Noncontrolling Interests | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Net Income Continuous Operations | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Pretax Income | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Operating Income | $-18,818,013 | $-15,480,719 | $-14,739,354 | $-12,784,176 |
| Gross Profit | $4,474,907 | $905,650 | $240,514 | $59,535 |
| Interest Income | - | $37,492 | $239,353 | $212,290 |
| Interest Income Non Operating | - | $37,492 | $239,353 | $212,290 |
| Special Income Charges | - | - | $0 | $302,332 |
| Per Share | ||||
| Diluted EPS | $-3.16 | $-5.84 | $-8.44 | $-7.30 |
| Basic EPS | $-3.16 | $-5.84 | $-8.44 | $-7.30 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-16,929,821 | $-13,699,294 | $-13,205,695 | $-11,871,921 |
| Total Unusual Items | $4,587 | $14,885 | $2,693 | $312,793 |
| Total Unusual Items Excluding Goodwill | $4,587 | $14,885 | $2,693 | $312,793 |
| Reconciled Depreciation | $1,834,308 | $1,753,285 | $1,109,742 | $486,582 |
| EBITDA (Bullshit earnings) | $-16,925,234 | $-13,684,409 | $-13,203,002 | $-11,559,128 |
| EBIT | $-18,759,542 | $-15,437,694 | $-14,312,744 | $-12,045,710 |
| Diluted Average Shares | $6,143,122 | $2,768,732 | $1,768,991 | $1,707,848 |
| Basic Average Shares | $6,143,122 | $2,768,732 | $1,768,991 | $1,707,848 |
| Diluted NI Availto Com Stockholders | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Gain On Sale Of Security | $4,587 | $14,885 | $2,693 | $10,461 |
| Research And Development | $1,538,923 | $2,289,940 | $1,669,318 | - |
| Selling General And Administration | $21,753,997 | $14,096,429 | $13,310,550 | $12,843,711 |
| Other Gand A | $14,806,326 | $11,709,925 | $11,827,496 | $10,397,445 |
| Other Special Charges | - | - | - | $-302,332 |
| Write Off | - | - | - | $0 |
Fetched: 2026-06-01
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $21,979,690 | $16,460,582 | $16,839,654 | $22,849,381 |
| Total Assets | $30,714,074 | $25,736,660 | $25,953,916 | $32,764,130 |
| Total Non Current Assets | $13,924,650 | $15,258,998 | $16,830,410 | $14,432,023 |
| Goodwill And Other Intangible Assets | $896,531 | $953,049 | $1,338,889 | $1,268,873 |
| Other Intangible Assets | $896,531 | $953,049 | $1,338,889 | $1,268,873 |
| Current Assets | $16,789,424 | $10,477,662 | $9,123,506 | $18,332,107 |
| Prepaid Assets | $530,861 | $192,192 | $1,497,249 | $2,034,345 |
| Inventory | $9,530,671 | $5,190,054 | $3,631,492 | $1,346,372 |
| Receivables | $781,998 | $212,317 | $628,987 | $330,633 |
| Other Receivables | $278,027 | $169,728 | $165,865 | $268,032 |
| Accounts Receivable | $503,971 | $42,589 | $463,122 | $62,601 |
| Cash Cash Equivalents And Short Term Investments | $5,945,894 | $4,883,099 | $2,634,976 | $14,209,741 |
| Cash And Cash Equivalents | $5,945,894 | $4,883,099 | $2,634,976 | $14,209,741 |
| Restricted Cash | - | - | $730,802 | $411,016 |
| Cash Financial | - | - | - | $14,209,741 |
| Debt | ||||
| Total Debt | $2,909,828 | $5,619,004 | $6,239,182 | $6,617,571 |
| Long Term Debt And Capital Lease Obligation | $1,110,007 | $5,149,477 | $608,761 | $6,184,146 |
| Long Term Debt | $950,481 | $4,781,005 | - | $5,300,000 |
| Current Debt And Capital Lease Obligation | $1,799,821 | $469,527 | $5,630,421 | $433,425 |
| Current Debt | $1,686,809 | $222,992 | $5,302,192 | $46,096 |
| Other Current Borrowings | $1,686,809 | $222,992 | $5,302,192 | $46,096 |
| Net Debt | - | $120,898 | $2,667,216 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $7,837,853 | $8,323,029 | $7,775,373 | $8,645,876 |
| Total Non Current Liabilities Net Minority Interest | $1,110,007 | $5,149,477 | $608,761 | $6,184,146 |
| Current Liabilities | $6,727,846 | $3,173,552 | $7,166,612 | $2,461,730 |
| Payables And Accrued Expenses | $4,507,815 | $2,326,913 | $1,451,181 | $2,028,305 |
| Payables | $3,107,085 | $1,526,630 | $1,260,285 | $2,028,305 |
| Accounts Payable | $3,107,085 | $1,526,630 | $1,260,285 | $2,028,305 |
| Total Tax Payable | - | - | $85,010 | $0 |
| Current Notes Payable | - | - | - | $0 |
| Equity | ||||
| Common Stock Equity | $22,875,793 | $17,413,631 | $18,178,543 | $24,118,254 |
| Preferred Stock Equity | $428 | - | - | - |
| Total Equity Gross Minority Interest | $22,876,221 | $17,413,631 | $18,178,543 | $24,118,254 |
| Stockholders Equity | $22,876,221 | $17,413,631 | $18,178,543 | $24,118,254 |
| Other Equity Interest | $5,390,663 | $2,113,487 | $1,812,575 | $589,712 |
| Gains Losses Not Affecting Retained Earnings | $-8,580 | $-8,580 | $-8,580 | $-8,580 |
| Retained Earnings | $-83,873,790 | $-64,476,966 | $-48,313,177 | $-33,384,219 |
| Other | ||||
| Ordinary Shares Number | $9,814,665 | $4,016,205 | $2,032,050 | $1,715,937 |
| Share Issued | $9,814,665 | $4,016,205 | $2,032,050 | $1,715,937 |
| Tangible Book Value | $21,979,262 | $16,460,582 | $16,839,654 | $22,849,381 |
| Invested Capital | $25,513,083 | $22,417,628 | $23,480,735 | $29,464,350 |
| Working Capital | $10,061,578 | $7,304,110 | $1,956,894 | $15,870,377 |
| Capital Lease Obligations | $272,538 | $615,007 | $936,990 | $1,271,475 |
| Total Capitalization | $23,826,702 | $22,194,636 | $18,178,543 | $29,418,254 |
| Foreign Currency Translation Adjustments | $-8,580 | $-8,580 | $-8,580 | $-8,580 |
| Additional Paid In Capital | $101,357,686 | $79,781,674 | $64,685,693 | $56,919,625 |
| Capital Stock | $10,242 | $4,016 | $2,032 | $1,716 |
| Common Stock | $9,814 | $4,016 | $2,032 | $1,716 |
| Preferred Stock | $428 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $159,526 | $368,472 | $608,761 | $884,146 |
| Current Capital Lease Obligation | $113,012 | $246,535 | $328,229 | $387,329 |
| Pensionand Other Post Retirement Benefit Plans Current | $420,210 | $377,112 | $85,010 | - |
| Current Accrued Expenses | $1,400,730 | $800,283 | $190,896 | - |
| Investments And Advances | $67,033 | $66,308 | $90,731 | $24,423 |
| Net PPE | $12,961,086 | $14,239,641 | $15,400,790 | $13,138,727 |
| Accumulated Depreciation | $-4,344,953 | $-3,032,025 | $-1,664,580 | $-557,346 |
| Gross PPE | $17,306,039 | $17,271,666 | $17,065,370 | $13,696,073 |
| Leases | $489,722 | $862,504 | $861,332 | $675,751 |
| Other Properties | $8,003,919 | $7,648,851 | $7,486,607 | $3,705,676 |
| Machinery Furniture Equipment | $493,583 | $441,496 | $398,616 | $390,831 |
| Buildings And Improvements | $6,079,410 | $6,079,410 | $6,079,410 | $6,079,410 |
| Land And Improvements | $2,239,405 | $2,239,405 | $2,239,405 | $2,239,405 |
| Properties | $0 | $0 | $0 | $0 |
| Finished Goods | $3,368,509 | $1,343,006 | $1,717,669 | $1,200,759 |
| Work In Process | $756,544 | $473,344 | $101,660 | - |
| Raw Materials | $5,405,618 | $3,373,704 | $1,812,163 | $94,823 |
| Treasury Shares Number | - | - | $0 | - |
| Construction In Progress | - | - | $0 | $605,000 |
| Other Inventories | - | - | $101,660 | $50,790 |
Fetched: 2026-06-01
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-18,433,893 | $-10,667,033 | $-15,620,636 | $-19,128,736 |
| Operating Activities | ||||
| Operating Cash Flow | $-17,314,390 | $-10,138,798 | $-11,930,580 | $-7,977,960 |
| Cash Flow From Continuing Operating Activities | $-17,314,390 | $-10,138,798 | $-11,930,580 | $-7,977,960 |
| Operating Gains Losses | - | - | - | $-302,332 |
| Investing Activities | ||||
| Capital Expenditure | $-1,119,503 | $-528,235 | $-3,690,056 | $-11,150,776 |
| Investing Cash Flow | $-1,119,503 | $-528,235 | $-3,756,364 | $-11,150,776 |
| Cash Flow From Continuing Investing Activities | $-1,119,503 | $-528,235 | $-3,756,364 | $-11,150,776 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $3,581,134 | $8,736,114 | $4,475,869 | $0 |
| Financing Cash Flow | $19,496,688 | $12,184,354 | $4,431,965 | $5,182,160 |
| Cash Flow From Continuing Financing Activities | $19,496,688 | $12,184,354 | $4,431,965 | $5,182,160 |
| Net Preferred Stock Issuance | $3,076,762 | $0 | - | - |
| Preferred Stock Issuance | $3,076,762 | $0 | - | - |
| Net Common Stock Issuance | $504,372 | $8,736,114 | $4,475,869 | $0 |
| Common Stock Issuance | $504,372 | $8,736,114 | $4,475,869 | $0 |
| Net Other Financing Charges | - | - | - | $10,547 |
| Other | ||||
| Repayment Of Debt | $-16,146,357 | $-12,085,863 | $-43,904 | $-128,387 |
| Issuance Of Debt | $13,779,650 | $11,787,668 | $0 | $5,300,000 |
| Interest Paid Supplemental Data | $593,000 | $726,000 | $626,000 | $479,000 |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | $0 |
| End Cash Position | $5,945,894 | $4,883,099 | $3,365,778 | $14,620,757 |
| Beginning Cash Position | $4,883,099 | $3,365,778 | $14,620,757 | $28,567,333 |
| Changes In Cash | $1,062,795 | $1,517,321 | $-11,254,979 | $-13,946,576 |
| Proceeds From Stock Option Exercised | $18,282,261 | $3,746,435 | $0 | $0 |
| Net Issuance Payments Of Debt | $-2,366,707 | $-298,195 | $-43,904 | $5,182,160 |
| Net Short Term Debt Issuance | $-206,666 | $-5,327,441 | $-43,904 | $10,547 |
| Short Term Debt Payments | $-206,666 | $-5,327,441 | $-43,904 | $-128,387 |
| Net Long Term Debt Issuance | $-2,160,041 | $5,029,246 | $0 | $5,171,613 |
| Long Term Debt Payments | $-15,939,691 | $-6,758,422 | $0 | $-128,387 |
| Long Term Debt Issuance | $13,779,650 | $11,787,668 | $0 | $5,300,000 |
| Net Intangibles Purchase And Sale | $-330,043 | $0 | $0 | $-103,329 |
| Purchase Of Intangibles | $-330,043 | $0 | $0 | $-103,329 |
| Net PPE Purchase And Sale | $-789,460 | $-528,235 | $-3,690,056 | $-11,047,447 |
| Purchase Of PPE | $-789,460 | $-528,235 | $-3,690,056 | $-11,047,447 |
| Change In Working Capital | $-3,069,494 | $1,298,027 | $-3,852,297 | $-565,377 |
| Change In Payables And Accrued Expense | $2,179,473 | $1,167,834 | $-492,114 | $883,151 |
| Change In Prepaid Assets | $-338,669 | $1,305,057 | $-776,709 | $-529,438 |
| Change In Inventory | $-4,340,617 | $-1,558,562 | $-2,285,120 | $-844,600 |
| Change In Receivables | $-569,681 | $383,698 | $-298,354 | $-83,228 |
| Changes In Account Receivables | $-461,382 | $387,561 | $-400,521 | $83 |
| Other Non Cash Items | $3,016,287 | $2,916,284 | $5,740,933 | $4,937,581 |
| Provisionand Write Offof Assets | $256,806 | $57,395 | $0 | - |
| Depreciation Amortization Depletion | $1,834,308 | $1,753,285 | $1,109,742 | $486,582 |
| Depreciation And Amortization | $1,834,308 | $1,753,285 | $1,109,742 | $486,582 |
| Net Income From Continuing Operations | $-19,352,297 | $-16,163,789 | $-14,928,958 | $-12,534,414 |
| Net Investment Purchase And Sale | - | $0 | $-66,308 | $0 |
| Change In Other Current Liabilities | - | - | $0 | $8,738 |
| Change In Account Payable | - | - | $-577,124 | $995,340 |
| Change In Tax Payable | - | - | $85,010 | $-112,189 |
| Change In Income Tax Payable | - | - | $85,010 | $-112,189 |
| Asset Impairment Charge | - | - | - | $0 |
| Purchase Of Investment | - | - | - | - |
| Depreciation | - | - | - | - |
Fetched: 2026-06-01