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WKSP Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
0.891
Open
0.876
VWAP
0.82
Vol
454.54K
Mkt Cap
10.71M
Low
0.790
Amount
374.54K
EV/EBITDA(TTM)
--
Total Shares
11.97M
EV
8.31M
EV/OCF(TTM)
--
P/S(TTM)
0.37
Worksport Ltd., through its subsidiaries, designs, develops, and manufactures products for various markets, including automotive accessories, consumer electronics, and both residential and commercial heating, ventilation, and air conditioning system markets. The Company protects its products through an intellectual property portfolio with patents and trademarks relating to tonneau covers, solar integrated tonneau covers, portable power stations, NP (non-parasitic) hydrogen-based green energy systems, residential heating and cooling systems (heat pumps), and electric vehicle-charging stations. Its soft tonneau cover offering consists of vinyl wrapped tri- and quad-fold tonneau covers. The soft tonneau cover line includes The Worksport SC3, The Worksport SC3 PRO, The Worksport SC4, and The Worksport SC4 PRO. Its hard tonneau cover line includes The Worksport AL3 and The Worksport AL4. Its hard-folding cover, designed and manufactured in-house, is compatible with all major truck models.
Show More

Events Timeline

(ET)
2026-05-06
08:20:00
Worksport Appoints Jennifer Kartychak as CFO
select
2026-04-29 (ET)
2026-04-29
08:40:00
Worksport Partners with Tri-State Enterprises for Distribution
select
2026-04-20 (ET)
2026-04-20
09:00:00
Worksport Officially Launches Nexus Tonneau Cover
select
2026-04-14 (ET)
2026-04-14
08:30:00
Company Expects Positive Cash Flow Within the Year
select
2026-04-02 (ET)
2026-04-02
08:40:00
Worksport COR Portable Energy System Fully Certified for North American Market
select
2026-03-19 (ET)
2026-03-19
09:10:00
Worksport Unveils New Tonneau Cover Model, Pre-Orders Surge
select
2026-02-19 (ET)
2026-02-19
08:30:00
Worksport Achieves Global Transport Certification for COR Portable Energy System
select

News

seekingalpha
9.5
05-13seekingalpha
PinnedWorksport Q1 Earnings Miss Expectations with Losses
  • Earnings Report Disappointment: Worksport's Q1 GAAP EPS of -$0.54 misses expectations by $0.02, indicating challenges in profitability that could undermine investor confidence.
  • Weak Revenue Growth: Although revenue increased by 47.8% year-over-year to $3.31M, it fell short of expectations by $2.02M, reflecting unmet market demand that may hinder future expansion plans.
  • Executive Changes: Worksport has appointed Jennifer Kartychak as CFO to enhance margins and cash flow, indicating a strategic shift in financial management to address current fiscal pressures.
  • CEO Stock Purchase: The CEO's acquisition of 88,200 shares demonstrates confidence in the company's future growth, with projected revenues of $35M to $42M in 2026, suggesting a positive outlook for long-term business development.
seekingalpha
9.5
04:11 AMseekingalpha
Worksport Ltd. Q1 2026 Earnings Call Insights
  • Financial Performance: In Q1 2026, Worksport Ltd. reported net sales of $3.3 million, reflecting a year-over-year growth of approximately 48%, with gross profit exceeding $854,000 and a gross margin of about 26%, indicating initial success in sales channel activation and cost control.
  • Cash Flow Situation: The net cash used in operating activities for Q1 was approximately $8.2 million, with cash and cash equivalents decreasing to $566,000, highlighting the company's need to convert inventory into revenue to improve cash flow, indicating financial pressure.
  • Product Launch Progress: The company commenced commercial shipping of SOLIS and NEXUS in January and April 2026, respectively, although CEO Rossi noted that initial sales were not significant, the future sales potential remains promising, particularly in Q2.
  • Future Outlook: Management reaffirmed revenue guidance for 2026 at $35 million to $42 million, planning to gradually reduce the frequency of quarterly guidance updates in favor of focusing on long-term strategic resource allocation, demonstrating confidence in future growth.
Newsfilter
9.5
05-07Newsfilter
Worksport to Host Q1 2026 Earnings Call and Investor Townhall
  • Earnings Call Scheduled: Worksport is set to hold its Q1 2026 earnings conference call on May 13, 2026, at 4:30 p.m. ET, where management will discuss financial results and recent business developments, aiming to enhance investor understanding of the company's operations.
  • Inaugural Investor Townhall: Following the earnings call, Worksport will host its first investor townhall, introducing a new communication platform designed to establish a more direct connection with shareholders and facilitate deeper discussions on the company's strategic direction.
  • Real-Time Interaction and Q&A: The townhall will feature a strategic discussion led by the CEO and real-time updates on product development, with shareholders encouraged to submit questions in advance, thereby enhancing investor engagement and transparency.
  • Commitment to Long-Term Value Creation: CEO Steven Rossi emphasized that through this new communication format, Worksport aims to help shareholders better understand the company's strategic focus and its significance for long-term value creation, further strengthening relationships with investors.
seekingalpha
5.0
05-06seekingalpha
Worksport Appoints New CFO to Drive Growth
  • Executive Change: Worksport announced the appointment of Jennifer Kartychak as CFO, effective May 1, 2026, replacing Michael Johnston who resigned on April 30, with the leadership change aimed at enhancing the company's operational cash flow positivity, reflecting a strong focus on financial management.
  • Goal Alignment: Kartychak's incentives are closely tied to key objectives such as SEC reporting, monthly closes, internal controls, SG&A cost savings, margin improvement, and cash flow breakeven, ensuring her role is directly aligned with the company's growth roadmap.
  • Financial Transparency: The company confirmed no disagreements on financial reporting or operations with the former CFO, a statement that may enhance investor confidence in the company's financial transparency and potentially have a positive impact on stock prices.
  • Future Outlook: With accelerated new product launches, Worksport anticipates revenue between $35 million and $42 million in 2026, with gross margins climbing to 30%, indicating strong growth potential in a competitive market.
seekingalpha
8.5
04-14seekingalpha
Worksport CEO Steven Rossi Buys Shares, Signaling Confidence Amid Growth
  • CEO Share Purchase: Worksport CEO Steven Rossi purchased 88,200 shares at $0.85 each, totaling approximately $75,000, demonstrating strong confidence in the company's future prospects amidst ongoing growth.
  • Rapid Revenue Growth: The company anticipates revenue growth from approximately $1.5 million in 2023 to $16.1 million by 2025, with a target of $35 million to $42 million in 2026, reflecting robust market demand and expansion potential.
  • Margin Improvement: Worksport's gross margins have improved from around 11% to 30%, with plans to reach 35% by 2026, significantly enhancing the company's profitability and financial health.
  • Dealer Network Expansion: The dealer network has expanded to over 550 locations, with ongoing product launches, and the company expects to achieve positive cash flow by 2026 with quarterly revenues of $9 million to $11 million, further solidifying its market position.
seekingalpha
9.5
03-27seekingalpha
Worksport Ltd. Reports Significant Growth in FY 2025 Earnings
  • Significant Sales Growth: Worksport's net sales for FY 2025 nearly doubled to $16.1 million, reflecting an 89.8% increase from 2024, indicating substantial progress in market expansion and product launches despite ongoing operational losses.
  • Margin Improvement: Gross margins improved from 11% to 28% for FY 2025, with Q4 margins reaching 30.1%, demonstrating enhanced cost control and operational efficiency, which is expected to lay the groundwork for future profitability.
  • Dealer Network Expansion: The company's dealer network expanded sixfold to over 550 locations in FY 2025, indicating a significant increase in market penetration that will help drive future sales growth and brand influence.
  • 2026 Outlook: Management anticipates revenue between $35 million and $42 million for 2026, with a gross margin target of 35%, reflecting confidence in new product launches and market demand while emphasizing the strategic goal of achieving positive cash flow.
Wall Street analysts forecast WKSP stock price to rise
2 Analyst Rating
Wall Street analysts forecast WKSP stock price to rise
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
5.00
Averages
8.25
High
11.50
Current: 0.000
sliders
Low
5.00
Averages
8.25
High
11.50
Maxim
Tate Sullivan
Buy
downgrade
$3
AI Analysis
2026-03-31
Reason
Maxim
Tate Sullivan
Price Target
$3
AI Analysis
2026-03-31
downgrade
Buy
Reason
Maxim analyst Tate Sullivan lowered the firm's price target on Worksport to $2.50 from $3 and keeps a Buy rating on the shares. The firm cites the company's Q4 results with revenue in-line with the February preannouncement, but gross margin below the preannouncement and an EBITDA loss wider than estimates, the analyst tells investors in a research note. Maxim adds however that it remains positive on the stock as the company is continuing to sell truck bed covers and increasing sales of its new clean-energy products with improved margins, including a heat pump, a portable battery cover, and a solar panel truck bed cover.
Maxim
Tate Sullivan
Buy
downgrade
$5 -> $3
2026-02-13
Reason
Maxim
Tate Sullivan
Price Target
$5 -> $3
2026-02-13
downgrade
Buy
Reason
Maxim analyst Tate Sullivan lowered the firm's price target on Worksport to $3 from $5 and keeps a Buy rating on the shares. The company's Q4 revenue coming in below expectations suggests lower initial growth in distributor sales of Worksport truck bed covers, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for WKSP
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Valuation Metrics

The current forward P/E ratio for Worksport Ltd (WKSP.O) is 0.00, compared to its 5-year average forward P/E of -2.97. For a more detailed relative valuation and DCF analysis to assess Worksport Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-2.97
Current PE
0.00
Overvalued PE
0.24
Undervalued PE
-6.18

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-3.10
Current EV/EBITDA
-0.15
Overvalued EV/EBITDA
0.13
Undervalued EV/EBITDA
-6.33

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
35.87
Current PS
0.25
Overvalued PS
130.42
Undervalued PS
-58.68

Financials

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Frequently Asked Questions

What is Worksport Ltd (WKSP) stock price today?

The current price of WKSP is 0.791 USD — it has decreased -11.62

What is Worksport Ltd (WKSP)'s business?

Worksport Ltd., through its subsidiaries, designs, develops, and manufactures products for various markets, including automotive accessories, consumer electronics, and both residential and commercial heating, ventilation, and air conditioning system markets. The Company protects its products through an intellectual property portfolio with patents and trademarks relating to tonneau covers, solar integrated tonneau covers, portable power stations, NP (non-parasitic) hydrogen-based green energy systems, residential heating and cooling systems (heat pumps), and electric vehicle-charging stations. Its soft tonneau cover offering consists of vinyl wrapped tri- and quad-fold tonneau covers. The soft tonneau cover line includes The Worksport SC3, The Worksport SC3 PRO, The Worksport SC4, and The Worksport SC4 PRO. Its hard tonneau cover line includes The Worksport AL3 and The Worksport AL4. Its hard-folding cover, designed and manufactured in-house, is compatible with all major truck models.

What is the price predicton of WKSP Stock?

Wall Street analysts forecast WKSP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WKSP is8.25 USD with a low forecast of 5.00 USD and a high forecast of 11.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Worksport Ltd (WKSP)'s revenue for the last quarter?

Worksport Ltd revenue for the last quarter amounts to 3.31M USD, increased 47.89

What is Worksport Ltd (WKSP)'s earnings per share (EPS) for the last quarter?

Worksport Ltd. EPS for the last quarter amounts to -0.54 USD, decreased -48.57

How many employees does Worksport Ltd (WKSP). have?

Worksport Ltd (WKSP) has 103 emplpoyees as of May 14 2026.

What is Worksport Ltd (WKSP) market cap?

Today WKSP has the market capitalization of 10.71M USD.