Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Worksport ( (WKSP) ) has shared an announcement.
In June 2025, Worksport Ltd. announced record-breaking revenues for April and May 2025, with May sales reaching $1.28 million and a 25% improvement in gross margins compared to Q1 2025. This growth is attributed to the company’s focus on higher-value branded products and operational efficiency at its New York facility. Worksport’s active dealer network expanded significantly, and the company expects continued strong performance with the launch of its SOLIS and COR clean-tech products later in the year. The company projects reaching approximately $20 million in revenue by the end of 2025, aiming for cash flow positivity and sustained profitability.
The most recent analyst rating on (WKSP) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
Spark’s Take on WKSP Stock
According to Spark, TipRanks’ AI Analyst, WKSP is a Neutral.
Worksport demonstrates strong revenue growth and strategic expansion initiatives, supported by positive corporate events and promising product launches. However, financial instability and a negative valuation significantly hinder the stock’s appeal. Potential investors should weigh the company’s growth prospects against its financial challenges.
To see Spark’s full report on WKSP stock, click here.
More about Worksport
Worksport Ltd. is a U.S.-based manufacturer and innovator specializing in hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors. The company designs, develops, and manufactures tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions, with a focus on American-made products and partnerships, including one with Hyundai for the SOLIS Solar cover.
Average Trading Volume: 221,204
Technical Sentiment Signal: Sell
Current Market Cap: $14.56M
Learn more about WKSP stock on TipRanks’ Stock Analysis page.