Worksport (WKSP)
NASDAQ:WKSP
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Earnings Data
Report Date
Aug 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.38Last Year’s EPS
-0.71Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: clear operational progress with multiple product launches (SOLIS, COR, NEXUS), certifications, distribution wins, meaningful year-over-year revenue and gross-profit improvement, and a sizeable asset/inventory base and IP portfolio. Offsetting these positives are material near-term liquidity and cash-burn concerns (cash fell to $566k, ~$8.2M cash used in operations in Q1), elevated operating and marketing spend, reliance on converting inventory and new channel relationships to generate cash, and a prior going-concern disclosure. Management emphasizes conversion in H2 2026 toward operational cash-flow positivity, but execution risk and the need for external funding remain key issues.Company Guidance
Strong Revenue Growth
Net sales for Q1 2026 increased ~47.9% year-over-year to $3.3 million (Q1 2025: $2.2 million), driven by expanded product launches and channel development.
Large Improvement in Gross Profit and Margin
Gross profit more than doubled (≈115.5% YoY) to ~$0.9 million and gross margin improved to ~26% in Q1 2026 from ~18% in Q1 2025 (Q4 2025: ~30%).
Product Launches and Certifications
Commercial shipping of SOLIS and COR began in January; NEXUS unveiled in March and launched commercially in April; COR received UL and CSA certification in April enabling broader North American retail/commercial distribution.
Distribution Expansion
Secured Tri-State Enterprises as a major cross-regional distributor with initial purchase orders; dealer network exceeds 500 locations with a target of 1,500+ by year-end, improving route-to-market reach.
Meaningful Asset and Inventory Base
Inventory balance of $11.6 million and net property & equipment of $13.3 million (including ~$8.3M building/land and ~$6.6M manufacturing equipment) support manufacturing capacity and scaling.
Tonneau Cover Sales Momentum
Since production start in late 2023, approximately 26,000 tonneau covers sold (8,000 in 2024; 16,000 in 2025; ~2,000 in Q1 2026); 2025 net sales from tonneau covers were $16.1M.
B2C and B2B Channel Progress
Q1 channel split approximately $1.8M B2C (≈1,700 covers) and $1.5M B2B (≈2,300 covers); management is prioritizing B2B expansion while maintaining DTC momentum.
Strategic Upside: Terravis / AetherLux
Terravis Energy's AetherLux ZeroFrost heat pump advancing toward certifications in 2026, with DOE/NREL interest; management cites potential to address a $150B+ HVACR market as upside to core business.
2026 Revenue Guidance and Path to Profitability
Company reaffirms fiscal 2026 revenue guidance from Form 10-K of $35M–$42M and is targeting operational cash-flow positivity in the second half of 2026 as inventory converts to revenue and margins improve.
Intellectual Property and Manufacturing Credentials
Robust IP portfolio (≈26 issued & 57 pending utility patents; 51 issued & 25 pending design patents; 44 registered & 15 pending trademarks) and ISO 9001:2015 certified West Seneca facility support differentiation and OEM/distributor conversations.
WKSP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WKSP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $0.89 | $0.82 | -8.28% |
Mar 26, 2026 | $1.33 | $1.02 | -22.93% |
Nov 13, 2025 | $2.52 | $2.16 | -14.29% |
Aug 13, 2025 | $3.78 | $3.39 | -10.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Worksport (WKSP) report earnings?
Worksport (WKSP) is schdueled to report earning on Aug 19, 2026, Before Open (Confirmed).
What is Worksport (WKSP) earnings time?
Worksport (WKSP) earnings time is at Aug 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WKSP EPS forecast?
WKSP EPS forecast for the fiscal quarter 2026 (Q2) is -0.38.