Worksport (WKSP)
NASDAQ:WKSP
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-1.05Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed but constructive picture: the company demonstrated substantial top-line growth, dramatic margin improvement, successful product commercialization, expanded distribution, ISO certification, and a strengthened IP portfolio. Those operational wins are balanced by meaningful near-term financial risks — elevated operating cash burn, increased G&A, large inventory, tariff-driven input-cost pressure (notably aluminum), and reliance on a concentrated U.S. and e-commerce sales mix. Management has raised incremental capital, set ambitious 2026 guidance (revenue $35M–$42M and ~35% gross margin), and articulated a path to operating cash flow positivity, but execution against supply-chain, commercialization, and cash-conversion risks will determine whether the positive operational momentum translates into sustained profitability.Company Guidance
Strong Revenue Growth
Net sales increased 89.8% year-over-year to $16.1M in fiscal 2025 (from $8.5M in 2024), following growth from $1.5M in 2023. Management projects 2026 revenue of $35M to $42M.
Material Gross Margin Improvement
Full-year gross margin improved by 2,800 basis points to 28% (from 11% in 2024). Q4 2025 gross margin was ~30.1%, up from ~11% in Q4 2024 and 26.4% earlier in 2025. Company targets ~35% gross margin in 2026.
Product Commercialization and Portfolio Expansion
Multiple R&D programs moved to commercial activity in 2025: HD3 entered production and sales (Nov 2025); SOLIS (solar-integrated cover) and CORE (portable energy) commercially launched in Dec 2025. Management outlined a new 'game-changer' hard folding tonneau cover for early 2026.
Shift to Higher-Quality, Higher-Margin Sales Mix
Hard tonneau covers generated $15.7M of net sales vs $0.5M for soft covers. Online retailer sales rose 142% to $11.9M and comprised 74% of total net sales (up from 58% in 2024). Distributor/jobber sales increased to $4.2M from $0.4M in 2024; private-label sales went to $0 in 2025 from $3.1M in 2024.
Manufacturing Scale & Operational KPIs
Domestic production capacity (West Seneca, NY) capable of >125 units per 8-hour shift; achieved strongest four-week production run in Aug 2025. Management estimates quarterly breakeven revenue of $9M–$11M at ~35% gross margin.
Distribution Expansion & Certifications
Dealer network expanded roughly sixfold to over 550 locations in the U.S. and Canada; ISO 9001 certification obtained (April 2025), enabling pursuit of Tier 1 OEM relationships.
Capital Raises and Liquidity Position
Raised ~$6.4M via warrant inducement in Dec 2025 and ~$0.5M net via ATM in 2025 (ATM capacity amended to permit up to an additional $4.0M). Cash of $5.95M plus $3.4M revolver availability provided total liquidity > $9.3M as of 12/31/2025.
Robust Intellectual Property & TerraVis Progress
Portfolio: 24 issued utility patents, 50 issued design patents, 95 pending applications, 43 trademarks and 15 pending. TerraVis AetherLux heat pump demonstrated ZeroFrost operation to −57°C; manufacturing partner selected and commercial certification targeted in 2026.
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 |
|---|---|---|---|
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% |
May 15, 2025 | $3.31 | $2.93 | -11.48% |
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 May 14, 2026, Before Open (Confirmed).
What is Worksport (WKSP) earnings time?
Worksport (WKSP) earnings time is at May 14, 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?
Currently, no data Available