Worksport Ltd

Worksport Ltd. designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-Parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded on April 2, 2003 and is headquartered in Mississauga, Canada.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Worksport achieves 581% revenue growth in Q3 2024, eyes clean energy market for future success

Worksport's Q3 performance reflects strong revenue growth and strategic initiatives to drive future profitability. By focusing on expanding B2B and B2C segments, launching new products, and entering the clean energy market, Worksport aims for sustained growth and enhanced financial performance in 2025.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Worksport Ltd. engages in the designs, development, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded by Steven Rossi on April 2, 2003 and is headquartered in West Seneca, NY.

Mississauga, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq: WKSP) (the “Company”) management has decided to delay the unveiling of brand new energy solutions from its subsidiary Terravis Energy a few weeks to ensure all technical details are accurate and appropriately organized. Additionally, innovations that have transpired these past few weeks need to be featured in their best light, requiring more preparation time.

Worksport Management Delays Terravis Energy Unveil

Mississauga, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”) continues adding to and developing its in-house IP portfolio focused on the sustainable energy markets. The Company now holds 30 patents and 24 trademarks to date, providing protective rights for its solar-integrated products, its Hydrogen fuel cell-powered systems, as well as its conventional tonneau cover products.

Worksport Strengthens In-House IP Portfolio focused on Sustainable Energy Markets

Mississauga, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”) continues its plan to become a global original equipment manufacturer (OEM). After a solid year of building, strategizing, and operational change management, the Company started due diligence on potential automotive manufacturers as of third quarter this year - - to actively seek out partners interested in solar integration programs.

Worksport Pursuing Plan to become a Global Original Equipment Manufacturer

Mississauga, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP) (the “Company”) announced today that it will be presenting virtually at the upcoming Sequire Clean Tech & EV Conference on Monday, December 6th, at 8:00 AM ET. Steven Rossi, Worksport CEO, will be giving the presentation.

Company to Present at Sequire Clean Tech & EV Conference.

Maxim analyst Tate Sullivan initiated coverage on Worksport Ltd (NASDAQ:WKSP) with a Buy rating and $8.00 price target, implying a 99% upside. The analyst is positive about the company selling new charging products for electric trucks, has started taking pre-orders for a new truck cover product that combines solar panels with batteries.

Maxim Bullish On Worksport, Sees Huge Upside

Worksport Ltd (NASDAQ: WKSP) reported a third-quarter FY21 sales decline of 19.8% year-on-year, to $0.093 million. The cost of sales declined 13% Y/Y.

Worksport Registers ~20% Sales Decline In Q3

Mississauga, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP) (the “Company”) reported financial results for the 2021 third quarter period ended September 30, 2021. Investors are encouraged to read the Company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which can also be found at www.worksport.com.

Worksport Reports 2021 Third Quarter Financial Results and Provides Business Update

Mississauga, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP ; WKSPW ) (the “Company”) has appointed Mr. Yosi Behar to its Advisory Board.

Worksport Appoints Yosi Behar, Founder of The Behar Group, to Advisory Board

Mississauga, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP ; WKSPW ) (the “Company”) announced today that Steven Rossi, CEO, will provide a company overview at the Dawson James Securities Small Cap Growth Conference on October 21, 2021 at the Wyndham Grand Hotel in Jupiter, Florida.

Worksport Presenting at Dawson James Securities 6th Annual Small Cap Growth Conference

Worksport (NASDAQ: WKSP) shares are trading higher after the company announced a joint collaboration with Greatcell Solar Italy. Financial details associated with the collaboration were not disclosed.

Why Worksport Shares Are Moving Today

Worksport Ltd (NASDAQ: WKSP) has entered into a collaboration with Greatcell Solar Italy. Greatcell, headquartered in Australia, creates low-cost, bespoke, renewable electricity transducers based on Perovskite Solar Cell technology that can compete against other forms of energy production in all lighting conditions.

Worksport Collaborates With Greatcell Solar Italy

Mississauga – September 28, 2021 -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the “Company”) has appointed Mr. Sengkee Ahn and Mr.

Worksport Appoints Sengkee Ahn and Michael Timmons to Advisory Board

Image via Worksport On September 21, 2021, Worksport Ltd. (NASDAQ: WKSP) launches the first round of pre-orders where individual buyers and manufacturers can make a downpayment on the portable TerraVis™ solar power generation system.

Worksport Makes the Impossible Possible: Green-Energy Microgrid Systems Power EV Trucking and Off-Grid Lifestyling

Bayerische Motoren Werke AG

XPeng

Photo by Markus Spiske on Unsplash The EV revolution is happening with governments and automakers going full speed ahead to combat carbon emissions with all-electric vehicles. Many players joining forces in the attempt to win the race with the power of synergy.

BMW, XPENG and Worksport Switching Gears Forward

The stock price of Worksport Ltd (NASDAQ: WKSP) increased by over 24% during intraday trading today. This is why it happened.

WKSP Stock: Why It Significantly Increased Today

Image Source: Worksport The wait is almost over. After months of teasing, Worksport's (NASDAQ: WKSP) solar and battery technology, Terravis COR™ preorder site is imminent.

This Company Could Lead the Next Innovation in Power

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP, WKSPW) (“Worksport” or the “Company”), a company that designs and distributes pickup truck covers called tonneau covers throughout the United States and Canada, including Tonneau covers that provide security and protection for cargo to personal pickup truck owners, today announced the closing of the sale of an additional 210,909 shares of its common stock at a price of $5.49 per share pursuant to the exercise of the underwriters' over-allotment option in connection with its public offering that closed on August 6, 2021, resulting in gross proceeds of approximately $1.2 million and bringing the total gross proceeds of the public offering to approximately $19.2 million.

Worksport Announces Closing of Underwriters' Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering

Worksport Ltd (NASDAQ: WKSP) has announced the formation of a wholly-owned subsidiary, Terravis Energy Inc. The move is in line with the company's aim to expand its energy creation and storage markets.

Worksport Forms Wholly-Owned Subsidiary Terravis Energy

Photo by Sharon McCutcheon on Unsplash Cash on hand is one of the most important financial statements for businesses.

What Worksport's $28 Million Cash on Hand Means for the Company and Shareholders

Mississauga, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP ; WKSPW ) (the “Company”) is moving into a new location which will serve as its headquarters and Canadian manufacturing facility. The new 55,000 sq ft office and facility is located at 7299 East Danbro Crescent, Mississauga, Ontario L5N 6P8, Canada.

Worksport is moving into its New Headquarters and Manufacturing Facility

TORONTO, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP, WKSPW) (“Worksport” or the “Company”), a company that designs and distributes pickup truck covers called tonneau covers throughout the United States and Canada, including Tonneau covers that provide security and protection for cargo to personal pickup truck owners, today announced the closing of its previously announced underwritten public offering of 3,272,727 units at a price to the public of $5.50 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $6.05. The common stock and warrants were immediately separable and were issued separately. The common stock and warrants began trading on the Nasdaq Capital Market on August 4, 2021, under the symbols “WKSP” and “WKSPW,” respectively. Worksport received gross proceeds of approximately $18.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. All share numbers and pricing information in this press release reflect the Company's previously announced 1-for-20 reverse stock split of its issued and outstanding common stock, which became effective at 12:01 a.m., Eastern Time, on August 4, 2021.

Worksport Announces Closing of Upsized $18.0 Million Public Offering and Uplisting to Nasdaq

Worksport Ltd. ( WKSP , Financial) is a Canada-based designer and producer of tonneau truck covers.

Worksport: A True Automotive Innovator

Worksport Ltd. (OTC: WKSP) announced in a Tuesday press release its stock will uplist to the Nasdaq exchange on Wednesday.

Worksport CEO says Nasdaq listing will be ‘very beneficial in the long-term'

Worksport Ltd. (NASDAQ: WKSP) - a company that designs and distributes pickup truck covers called tonneau covers - started trading on the Nasdaq today.

WKSP Stock: Nasdaq Uplisting And 1-For-20 Reverse Stock Split Goes Into Effect

Worksport Ltd (NASDAQ: WKSP) will start trading on NASDAQ, commencing today. As part of the process for meeting initial listing requirements, the Company completed a 1-for-20 reverse stock split.

News for Worksport Ltd Stock (WKSP)