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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$0.57 - $4.90
Previous CloseN/A
Volume1.25M
Average Volume (3M)7.42M
Market Cap
$16.04M
Enterprise Value$6.02M
Total Cash (Recent Filing)$566.58K
Total Debt (Recent Filing)$3.66M
Price to Earnings (P/E)―
Beta1.80
Next Earnings
Aug 19, 2026EPS Estimate
-0.38Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.71
Shares Outstanding14,712,529
10 Day Avg. Volume21,083,132
30 Day Avg. Volume7,422,498
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 Cap0.38
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit1.22
Enterprise Value/Ebitda-0.33
Forecast
1Y Price Target
$2.00Price Target Upside86.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.27
Revenue Forecast (FY)$34.77M
Bulls Say, Bears Say
Bulls Say
Revenue Growth & Improving MarginsSustained top-line scaling with materially improved gross margins signals improving unit economics. Revenue rose sharply year-over-year and margins moved from mid-teens to mid/upper-20s, creating a structural opportunity to convert scale into operating leverage if channel expansion and cost discipline continue.
Distribution Expansion & Dealer ScaleExpanding B2B distribution and securing national/regional partners increases recurring order potential and reduces dependence on paid acquisition. A broader dealer footprint supports predictable replenishment, higher sell-through velocity and more efficient scale economics over the medium term as inventory converts to revenue.
IP Portfolio & Manufacturing CapacityA large patent portfolio, ISO certification and material manufacturing assets give durable competitive advantages and operational self-sufficiency. Inventory and equipment capacity underpin scalable production, while IP and certifications support OEM/distributor conversations, licensing optionality and longer-term margin improvement.
Bears Say
Severe Cash Burn & Low LiquidityVery low cash and high quarterly cash outflows create a structural funding overhang. With cash near depletion and prior going-concern disclosure, the company faces ongoing dilution or creditor solutions to execute its H2 conversion plan, increasing execution risk over the coming months.
Persistent Net Losses & Negative Free Cash FlowLosses materially exceed revenue and translate into sustained negative cash generation, weakening returns and equity over time. Chronic negative FCF constrains reinvestment, debt capacity and strategic flexibility unless profitability and cash conversion inflect meaningfully and durably.
Elevated Operating Spend & Conversion RiskHigh and potentially persistent sales, marketing and G&A spend as a percent of sales, combined with large inventory to convert, pressures near-term margins and requires successful sell-through. If channel conversion lags or B2B mix remains heavier, margin volatility and cash burn may persist.
Worksport News
WKSP FAQ
What was Worksport Ltd’s price range in the past 12 months?
Worksport Ltd lowest stock price was $0.57 and its highest was $4.90 in the past 12 months.
What is Worksport Ltd’s market cap?
Worksport Ltd’s market cap is $16.04M.
When is Worksport Ltd’s upcoming earnings report date?
Worksport Ltd’s upcoming earnings report date is Aug 19, 2026 which is in 48 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 14,712,529 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
$2.00
▲(86.92% Upside)
Technical Analysis
Ownership Overview
20.65% Insiders
1.42% Mutual Funds
1.80% Other Institutional Investors
74.80% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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