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Worksport (WKSP)
NASDAQ:WKSP
US Market
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Worksport (WKSP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 12, 2025
Before Open (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
-0.52
Last Year’s EPS
-1.4
Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Aug 13, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call reflects a strong growth trajectory with record revenue, improved gross margins, and significant expansion in distribution networks. However, challenges remain with increased operating expenses and cash flow management. The company is optimistic about its ability to achieve cash flow positivity and profitability in the near future.
Company Guidance
In the recent earnings call for Q2 2025, Worksport provided comprehensive guidance on its financial outlook and strategic initiatives. The company achieved record quarterly revenues of $4.1 million, marking a 114% year-over-year growth and an 83% increase from Q1 2025. Gross profit rose by 173% to $1.08 million, with gross margins improving by 800 basis points to 26.4%. Operating expenses were $4.7 million, slightly up from $4.21 million in Q2 2024 but flat compared to Q1 2025. The company aims to reach operational cash flow breakeven by late Q4 2025 or early Q1 2026, with a full-year revenue target of at least $20 million. Worksport's strategic focus includes expanding its dealer network, enhancing production capabilities, and launching new products such as the HD3, SOLIS, and COR, expected to contribute significantly to future growth and profitability. The company also highlighted a strong inventory position and a robust $6 million in total liquidity to support ongoing sales growth. Additionally, Worksport's long-term debt declined to $2.09 million, reflecting disciplined financial management. Overall, the company is poised for continued expansion with a focus on operational efficiencies, product innovation, and strategic market positioning.
Record Quarterly Revenue
Q2 2025 was the highest revenue quarter in company history with net sales reaching $4.1 million, representing a 114% year-over-year growth and an 83% sequential increase from Q1 2025.
Gross Margin Expansion
Gross margin improved by 800 basis points to 26.4%, up from 17.7% in Q1 2025 and 15.4% in Q2 2024, marking the third consecutive quarter of margin expansion.
Dealer and Distribution Network Growth
Added two national distributors, expanding the dealer network significantly with the potential to support over $21.5 million in annual revenue.
Production Scaling
Production targeting 200 units per day by late Q3 2025, up from 50 units per day at the start of the year.
New Product Developments
Launch plans for HD3, SOLIS, and COR products in the second half of 2025 with potential new revenue streams.
Improved Operational Efficiency
Operational loss improved to $3.62 million from $4.26 million in Q1 2025. Operating cash usage in Q2 was approximately $3.1 million, a 19% improvement from Q1 2025.

Worksport (WKSP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

WKSP Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 12, 2025
2025 (Q3)
-0.52 / -
-1.4
Aug 13, 2025
2025 (Q2)
-0.83 / -0.71
-1.552.67% (+0.79)
May 15, 2025
2025 (Q1)
-0.96 / -1.05
-1.841.67% (+0.75)
Mar 27, 2025
2024 (Q4)
-1.28 / -1.26
-237.00% (+0.74)
Nov 13, 2024
2024 (Q3)
-1.30 / -1.40
-2.339.13% (+0.90)
Aug 13, 2024
2024 (Q2)
-1.30 / -1.50
-2.231.82% (+0.70)
Feb 06, 2024
2023 (Q4)
-2.40 / -2.00
-20.00% (0.00)
Nov 15, 2023
2023 (Q3)
-2.50 / -2.30
-1.7-35.29% (-0.60)
Nov 15, 2021
2021 (Q3)
- / -1.50
-0.212-607.55% (-1.29)
Apr 14, 2021
2020 (Q4)
- / -2.37
-0.892-166.14% (-1.48)
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
Aug 13, 2025
$3.78$3.39-10.32%
May 15, 2025
$3.31$2.93-11.48%
Mar 27, 2025
$3.67$3.35-8.72%
Nov 13, 2024
$8.70$7.33-15.75%
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 Nov 12, 2025, Before Open (Confirmed).
    What is Worksport (WKSP) earnings time?
    Worksport (WKSP) earnings time is at Nov 12, 2025, 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 2025 (Q3) is -0.52.
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