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Worksport ( (WKSP) ) just unveiled an update.
On May 15, 2025, Worksport Ltd. announced its financial results for the first quarter of 2025, highlighting a significant 337% increase in revenue and a 157% improvement in gross margins compared to the previous year. The company is optimistic about its trajectory for the rest of the year, forecasting full-year revenue between $20 million and $25 million, and aims to achieve cash flow positive operations by year-end. The introduction of the high-margin AL4 cover and upcoming green energy product lines are expected to drive future growth.
The most recent analyst rating on (WKSP) stock is a Buy with a $1.50 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’s significant revenue growth and strategic initiatives are overshadowed by financial instability and bearish technical indicators. High debt, negative valuation, and ongoing financial risks weigh heavily on the stock despite positive growth prospects.
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.
Average Trading Volume: 140,033
Technical Sentiment Signal: Strong Sell
Current Market Cap: $17.17M
Find detailed analytics on WKSP stock on TipRanks’ Stock Analysis page.