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An announcement from Worksport ( (WKSP) ) is now available.
On October 16, 2025, Worksport Ltd. announced record revenue growth and margin expansion for Q3 2025, with revenue reaching $5.015 million, marking a 62% increase year-over-year. The company achieved a gross margin of 31%, up from 7.9% in Q3 2024, and produced 8,600 units, doubling production since Q1 2025. These results highlight Worksport’s operational leverage and manufacturing efficiency ahead of launching new clean-energy products, SOLIS, COR, and Aetherlux by Terravis, which are expected to further strengthen its market position.
The most recent analyst rating on (WKSP) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Worksport stock, see the WKSP Stock Forecast page.
Spark’s Take on WKSP Stock
According to Spark, TipRanks’ AI Analyst, WKSP is a Neutral.
Worksport’s overall stock score reflects strong revenue growth and positive strategic initiatives highlighted in the earnings call. However, significant challenges in profitability, cash flow, and valuation weigh down the score. The technical analysis suggests neutral market sentiment, while the lack of a dividend yield and negative P/E ratio further impact the valuation negatively.
To see Spark’s full report on WKSP stock, click here.
More about Worksport
Worksport Ltd. is a U.S.-based company that specializes in advanced manufacturing and distributed clean energy technologies. It serves both consumer and industrial markets, focusing on products such as tonneau covers, solar integrations, portable power systems, and clean heating and cooling solutions. The company is actively involved in the clean energy sector and has partnerships with major automotive manufacturers, including Hyundai.
Average Trading Volume: 444,031
Technical Sentiment Signal: Sell
Current Market Cap: $22.65M
See more insights into WKSP stock on TipRanks’ Stock Analysis page.