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$0.67 - $4.90
Previous CloseN/A
Volume1.25M
Average Volume (3M)504.88K
Market Cap
$8.83M
Enterprise Value$6.68M
Total Cash (Recent Filing)$566.58K
Total Debt (Recent Filing)$3.66M
Price to Earnings (P/E)―
Beta2.03
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. Volume552,948
30 Day Avg. Volume504,882
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 Cap0.76
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)-1.28
Revenue Forecast (FY)$34.77M
Bulls Say, Bears Say
Bulls Say
Revenue Scaling & Improving Gross MarginsRapid multi-year top-line scaling and a meaningful gross-margin lift to ~28% indicate improving unit economics and product-market fit. Sustained margin expansion with higher revenue supports eventual operating leverage, enabling the company to absorb fixed costs and improve path to long-term profitability.
Distribution & Dealer Network ExpansionA growing dealer and distributor footprint (Tri-State win and 500→1,500 target) builds durable go-to-market scale, improves sell-through velocity and lowers incremental customer acquisition costs. Strong channel breadth supports recurring wholesale volumes and steadier revenue conversion as inventory is monetized.
IP, Manufacturing Assets And CertificationsA substantive IP portfolio plus ISO-certified manufacturing and meaningful PPE/inventory provide structural differentiation and capacity to scale. These assets support OEM/distributor partnerships, potential licensing (e.g., AetherLux), and protect product features versus commoditized competitors over the medium term.
Bears Say
Acute Liquidity ShortfallA very low cash balance after large quarterly cash consumption creates material short-term funding risk. Without rapid conversion of inventory/receivables or immediate external financing, operations and distribution expansion plans face credible interruption, constraining execution over the coming months.
Persistent Negative Cash FlowDeep, multi-period negative operating and free cash flow show losses are cash-real and not solely accounting. Continued negative cash generation will erode equity and limit reinvestment capacity unless margins and conversion cycles materially improve, increasing financing and execution pressure.
Going-Concern & Reliance On External FundingAn explicit going-concern disclosure plus recent ATM dilution signals ongoing dependence on capital markets. Sustained elevated operating and marketing spend and inventory buildup make the business sensitive to funding availability, risking dilution or curtailed growth if market access tightens.
Worksport News
WKSP FAQ
What was Worksport Ltd’s price range in the past 12 months?
Worksport Ltd lowest stock price was $0.67 and its highest was $4.90 in the past 12 months.
What is Worksport Ltd’s market cap?
Worksport Ltd’s market cap is $8.83M.
When is Worksport Ltd’s upcoming earnings report date?
Worksport Ltd’s upcoming earnings report date is Aug 19, 2026 which is in 76 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., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its products through wholesalers and online retail channels. It serves private labels and original equipment manufacturers. Worksport Ltd. has a collaboration agreement with Greatcell Energy Pty Ltd. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.
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
23.61% Insiders
1.67% Mutual Funds
2.12% Other Institutional Investors
71.05% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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