See more : Samchully Co.,Ltd (004690.KS) Income Statement Analysis – Financial Results
Complete financial analysis of Worksport Ltd. (WKSP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Worksport Ltd., a leading company in the Auto – Parts industry within the Consumer Cyclical sector.
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Worksport Ltd. (WKSP)
About Worksport Ltd.
Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its products through wholesalers and online retail channels. It serves private labels and original equipment manufacturers. Worksport Ltd. has a collaboration agreement with Greatcell Energy Pty Ltd. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.53M | 116.50K | 303.75K | 346.14K | 1.93M | 481.52K | 408.70K | 361.12K | 651.67K | 593.00K | 465.81K | 278.82K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 1.29M | 56.97K | 350.70K | 299.00K | 1.69M | 384.91K | 231.77K | 334.06K | 532.58K | 435.40K | 19.10K | 159.85K | 11.91K | 13.56K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 240.51K | 59.54K | -46.95K | 47.15K | 238.55K | 96.61K | 176.93K | 27.06K | 119.09K | 157.60K | 446.71K | 118.97K | -11.91K | -13.56K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 15.72% | 51.10% | -15.46% | 13.62% | 12.38% | 20.06% | 43.29% | 7.49% | 18.27% | 26.58% | 95.90% | 42.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 47.35K | 4.93K | 659.00 | 2.04K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 13.50M | 10.40M | 6.12M | 881.58K | 809.69K | 1.13M | 1.95M | 319.61K | 3.28M | 531.30K | 19.10K | 22.55K | 11.91K | 13.56K | 27.78K | 13.32K | 1.62K | 1.62K | 0.00 | 0.00 | 10.72K | 26.33K |
| Selling & Marketing | 1.48M | 2.45M | 1.39M | 148.01K | 50.16K | 90.57K | 3.72K | 62.01K | 203.85K | 88.47K | 85.27K | 49.96K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 14.98M | 12.84M | 7.51M | 1.03M | 859.85K | 1.22M | 1.95M | 381.62K | 3.48M | 619.77K | 19.10K | 22.55K | 11.91K | 13.56K | 27.78K | 13.32K | 1.62K | 1.62K | 1.62K | 1.47K | 10.72K | 26.33K |
| Other Expenses | -2.69K | 213.38K | 0.00 | 261.12K | 0.00 | 0.00 | 0.00 | 0.00 | -13.00K | 286.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 14.98M | 12.84M | 7.51M | 1.03M | 859.85K | 1.22M | 1.95M | 381.62K | 3.54M | 624.99K | 19.10K | 22.55K | 11.91K | 13.56K | 27.78K | 13.32K | 1.62K | 1.62K | 1.62K | 1.47K | 10.72K | 26.33K |
| Cost & Expenses | 16.27M | 12.90M | 7.86M | 1.33M | 2.55M | 1.61M | 2.18M | 715.68K | 4.07M | 1.06M | 19.10K | 22.55K | 11.91K | 13.56K | 27.78K | 13.32K | 1.62K | 1.62K | 1.62K | 1.47K | 10.72K | 26.33K |
| Interest Income | 239.35K | 212.29K | 3.69K | 386.25K | 71.96K | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 616.21K | 488.70K | 294.92K | 386.25K | 71.96K | 55.55K | 118.91K | 123.86K | 10.85K | 3.74K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30.53K | 30.53K | 30.53K | 30.53K | 30.53K | 30.53K | 33.77K |
| Depreciation & Amortization | 1.11M | 486.58K | 211.74K | 26.96K | 11.44K | 1.52K | 1.29K | 998.00 | 882.00 | 129.00 | 209.00 | 209.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -13.20M | -11.56M | -7.39M | -774.41K | -275.64K | -1.71M | -3.23M | -933.34K | -3.46M | -467.10K | -19.10K | -22.55K | -11.91K | -13.56K | 360.32K | -13.32K | -1.62K | -1.62K | -1.62K | -1.47K | -10.72K | -26.33K |
| EBITDA Ratio | -863.15% | -10,190.32% | -2,417.16% | -276.04% | -31.66% | -233.78% | -446.73% | -119.51% | -526.02% | -78.77% | -4.10% | -8.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -14.74M | -12.78M | -7.56M | -982.44K | -621.31K | -1.21M | -1.78M | -362.22K | -3.42M | -467.39K | -19.10K | -22.55K | -11.91K | -13.56K | -27.78K | -13.32K | -1.62K | -1.62K | -1.62K | -1.47K | -10.72K | -26.33K |
| Operating Income Ratio | -963.41% | -10,973.35% | -2,489.46% | -283.82% | -32.25% | -251.52% | -435.65% | -100.30% | -524.19% | -78.82% | -4.10% | -8.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -192.30K | 249.76K | -335.35K | -205.18K | 178.82K | -551.91K | -1.62M | -774.00K | -61.95K | -11.96K | 0.00 | 7.26K | 11.91K | 0.00 | 388.10K | -30.53K | -30.53K | -30.53K | -30.53K | -30.53K | -30.53K | -33.77K |
| Income Before Tax | -14.93M | -12.53M | -7.90M | -1.19M | -414.61K | -1.76M | -3.40M | -1.14M | -3.49M | -479.34K | -19.10K | -22.55K | -11.91K | -13.56K | 360.32K | -43.84K | -32.15K | -32.15K | -32.15K | -32.00K | -41.25K | -60.10K |
| Income Before Tax Ratio | -975.98% | -10,758.97% | -2,599.86% | -343.10% | -21.52% | -366.14% | -832.66% | -314.64% | -535.21% | -80.83% | -4.10% | -8.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -312.79K | 294.92K | 386.25K | 71.96K | 580.25K | 1.46M | 579.78K | 48.13K | 8.38K | 1.93K | 1.74K | 0.00 | 0.00 | -388.10K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -14.93M | -12.22M | -8.19M | -1.57M | -486.57K | -1.76M | -3.40M | -1.14M | -3.49M | -479.34K | -19.10K | -22.55K | -11.91K | -13.56K | 360.32K | -43.84K | -32.15K | -32.15K | -32.15K | -32.00K | -41.25K | -60.10K |
| Net Income Ratio | -975.98% | -10,490.48% | -2,696.96% | -454.69% | -25.26% | -366.14% | -832.66% | -314.64% | -535.21% | -80.83% | -4.10% | -8.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -0.84 | -0.72 | -0.71 | -0.58 | -0.26 | -1.58 | -3.34 | -2.03 | -103.45 | -20.25 | -0.81 | -0.95 | -0.50 | -0.57 | 15.22 | -1.85 | -1.36 | -1.36 | -1.36 | -1.35 | -4.00 | -2.54 |
| EPS Diluted | -0.84 | -0.72 | -0.71 | -0.58 | -0.26 | -1.58 | -3.33 | -2.03 | -103.45 | -20.25 | -0.81 | -0.95 | -0.50 | -0.57 | 15.22 | -1.85 | -1.36 | -1.36 | -1.36 | -1.35 | -4.00 | -2.54 |
| Weighted Avg Shares Out | 17.69M | 17.08M | 11.50M | 2.73M | 1.84M | 1.12M | 1.02M | 560.58K | 33.72K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 10.31K | 23.67K |
| Weighted Avg Shares Out (Dil) | 17.69M | 17.08M | 11.50M | 2.73M | 1.84M | 1.12M | 1.02M | 560.58K | 33.72K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 23.67K | 10.31K | 23.67K |
Worksport ($WKSP) Announces Record High Revenues; 275% Q2 Growth
Q2 Earnings Call Available: Management Discusses Revenue Growth and Future Outlook West Seneca, New York--(Newsfile Corp. - August 14, 2024) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions...
Worksport Ltd. (WKSP) Q2 2024 Earnings Call Transcript
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West Seneca, New York--(Newsfile Corp. - June 20, 2024) - Worksport® Ltd. (NASDAQ: WKSP), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is proud to announce its...
Worksport Awarded 'Innovator of the Year': Growth Catalyst
West Seneca, New York--(Newsfile Corp. - June 13, 2024) - Worksport® Ltd. (NASDAQ: WKSP), a key U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is proud to announce...
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