See more : Youngbo Chemical Co., Ltd. (014440.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 Announces New Partnership with Large Distributor in the Midwest
West Seneca, New York--(Newsfile Corp. - June 5, 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 excited to announce...
Worksport Secures New U.S. Patent For Innovative Solar Truck Cover
West Seneca, New York--(Newsfile Corp. - May 29, 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 announcing that it...
Worksport ($WKSP) Sets Guidance for 300-433% Revenue Growth in 2024
West Seneca, New York--(Newsfile Corp. - May 23, 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, today laid out its...
Worksport Reports 1,506% Surge in Q1 Revenue, Announces Forward Guidance
West Seneca, New York--(Newsfile Corp. - May 16, 2024) - Worksport Ltd. (NASDAQ: WKSP), a key US-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today reported the financial...
Worksport Announces $2.8 Million Grant from New York State; Plans Significant Growth & Innovation
West Seneca, New York--(Newsfile Corp. - May 8, 2024) - Worksport Ltd. (NASDAQ: WKSP), a leading U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced being awarded...
Worksport Announces Monumental Partnership to Tap $3 Billion Market
Chosen as Chief of Chaos' next big project, Worksport is partnering with the team behind the viral marketing of famous brands like Manscaped, Dollar Shave Club, Paramount+, Uber, and Instacart to plot explosive growth for Worksport's innovative product lines. West...
Worksport Signals Undervalued Status, Eyes Major 2024 Growth
West Seneca, New York--(Newsfile Corp. - April 25, 2024) - Worksport Ltd. (NASDAQ: WKSP) (NASDAQ: WKSPW), a U.S.-based manufacturer dedicated to developing innovative hybrid and clean energy solutions in light truck, overlanding, and global consumer goods markets, today released a...
WORKSPORT ANNOUNCES RECEIPT OF SOLAR PANELS REQUIRED TO BEGIN PRODUCTION OF HIGHLY ANTICIPATED SOLIS SOLAR TONNEAU COVER
West Seneca, New York, March 28, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP), an innovative automotive accessory manufacturer dedicated to developing clean energy solutions, is thrilled to announce the arrival of a large quantity of custom solar panels, which...
WORKSPORT ANNOUNCES PRICING OF APPROXIMATELY $2.8 MILLION REGISTERED DIRECT OFFERING & CONCURRENT PRIVATE PLACEMENT PRICED AT-THE-MARKET UNDER NASDAQ RULES
West Seneca, New York, March 18, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce today that it has entered into a securities purchase agreement with a single institutional investor to purchase 3,850,132...
Worksport to Advance Power Electronics with Gallium Nitride Semiconductors, improving on Silicone-Based Technology
Silicone-based semiconductors presently used by major chip manufactures such as NVIDIA present opportunities for innovation by Worksport.
Source: https://incomestatements.info
Category: Stock Reports