Worksport Ltd (WKSP)
NASDAQ:WKSP
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WKSP Stock Chart & Stats
$1.07
-$0.07(-7.44%)
At close: 4:00 PM EST
$1.07
-$0.07(-7.44%)
Day’s Range― - ―
52-Week Range$0.61 - $4.90
Previous CloseN/A
Volume1.25M
Average Volume (3M)541.54K
Market Cap
$7.93M
Enterprise Value$6.68M
Total Cash (Recent Filing)$566.58K
Total Debt (Recent Filing)$3.66M
Price to Earnings (P/E)―
Beta2.08
Next Earnings
Aug 19, 2026EPS Estimate
-0.38Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.71
Shares Outstanding12,531,540
10 Day Avg. Volume626,155
30 Day Avg. Volume541,543
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.57
Price to Sales (P/S)0.81
P/FCF Ratio-0.72
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue0.39
Enterprise Value/Gross Profit1.36
Enterprise Value/Ebitda-0.35
Forecast
1Y Price Target
$6.75Price Target Upside530.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.27
Revenue Forecast (FY)$34.77M
Bulls Say, Bears Say
Bulls Say
Revenue Growth And Improving Gross MarginsSustained top-line scaling from near-zero to mid-double-digit millions and a move to ~28% gross margin indicate improving unit economics and product-market fit. This supports durable margin sustainability as volumes rise and provides a clearer path to leverage fixed costs and approach operating profitability.
Robust IP And Patent For AetherLux ZeroFrostA granted U.S. patent for ZeroFrost strengthens proprietary positioning in the cold-climate heat-pump space, creating potential licensing, strategic partnerships, or differentiated product sales. As a structural asset, this expands optionality beyond tonneau covers into a large HVACR market if Terravis commercializes successfully.
Distribution Expansion And Manufacturing AssetsSecuring a cross-regional distributor and holding meaningful inventory and manufacturing PPE underpin scalable go-to-market and fulfillment. These structural channel and capacity assets reduce single-channel risk, enable higher volume execution, and support the company’s strategy to convert inventory to revenue at scale.
Bears Say
Severe Cash Burn And Low LiquidityPersistent, large negative operating cash flow and a very low cash balance create structural financing risk: the business depends on converting inventory and hitting sales cadence or securing external capital. Over several months, this cash profile constrains investment, supplier terms, and execution flexibility.
Ongoing Net Losses And Very Negative ROEDeep, recurring net losses and sharply negative returns on equity indicate current scale is insufficient to cover operating costs. This structural profitability gap implies continued dilution risk, difficulty building retained earnings, and pressure on capital structure unless margins and operating leverage improve materially.
Going-concern Disclosure And Reliance On DilutionAn explicit going-concern disclosure plus recent equity raises demonstrate reliance on external funding to continue operations. Structurally, this creates execution risk: future capital access, share dilution, and timing of revenue conversion become determinative for survival and long-term investor returns.
Worksport News
WKSP FAQ
What was Worksport Ltd’s price range in the past 12 months?
Worksport Ltd lowest stock price was $0.61 and its highest was $4.90 in the past 12 months.
What is Worksport Ltd’s market cap?
Worksport Ltd’s market cap is $7.93M.
When is Worksport Ltd’s upcoming earnings report date?
Worksport Ltd’s upcoming earnings report date is Aug 19, 2026 which is in 69 days.
How were Worksport Ltd’s earnings last quarter?
Worksport Ltd released its earnings results on May 13, 2026. The company reported -$0.54 earnings per share for the quarter, missing the consensus estimate of -$0.52 by -$0.02.
Is Worksport Ltd overvalued?
According to Wall Street analysts Worksport Ltd’s price is currently Undervalued.
Does Worksport Ltd pay dividends?
Worksport Ltd does not currently pay dividends.
What is Worksport Ltd’s EPS estimate?
Worksport Ltd’s EPS estimate is -0.38.
How many shares outstanding does Worksport Ltd have?
Worksport Ltd has 12,531,540 shares outstanding.
What happened to Worksport Ltd’s price movement after its last earnings report?
Worksport Ltd reported an EPS of -$0.54 in its last earnings report, missing expectations of -$0.52. Following the earnings report the stock price went down -8.277%.
Which hedge fund is a major shareholder of Worksport Ltd?
Currently, no hedge funds are holding shares in WKSP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Worksport Ltd
Worksport Ltd., headquartered in Vaughan, Canada, is engaged in the design, manufacturing, and distribution of truck bed covers, commonly known as tonneau covers, across both Canada and the United States. Its product portfolio encompasses a range of soft covers (SC) and durable tough covers (TC). Specific models include the SC3, a tri-fold cover engineered with a rubber gasket to create a secure seal, shielding cargo from moisture and debris. The SC3pro variant allows users to effortlessly open the cover using a release cable. For heavy-duty applications, the TC3 features a robust, thick aluminum tri-cover panel with a honeycomb core, coated in a resilient, scratch-resistant black powder finish. Furthermore, the company is actively developing TerraVis, an innovative solar-powered tonneau cover that will offer portable, rechargeable power capabilities to pickup truck owners. Worksport distributes its products through an established network of wholesalers and direct online retail channels, catering to both private label brands and original equipment manufacturers. The company maintains a collaboration agreement with Greatcell Energy Pty Ltd. Worksport Ltd. formally adopted its current name in May 2020, having previously operated as Franchise Holdings International, Inc.
WKSP Company Deck
WKSP Earnings Call
Q1 2026
0:00 / 0:00
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.View all WKSP earnings summariesWKSP Stock 12 Month Forecast
Average Price Target
$6.75
▲(530.84% Upside)
Technical Analysis
Ownership Overview
24.25% Insiders
1.67% Mutual Funds
2.12% Other Institutional Investors
70.41% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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