Worksport Ltd financial data

Symbol
WKSP on Nasdaq
Industry
Motor Vehicle Parts & Accessories
Location
2500 N America Dr., West Seneca, NY
State of incorporation
NV
Fiscal year end
December 31
Former names
Franchise Holdings International, Inc. (to 7/2/2020), TMANGLOBAL COM INC (to 5/6/2009)
Latest financial report
10-K - Q4 2024 - Mar 27, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 251 % +43.2%
Quick Ratio 149 % +207%
Debt-to-equity 46.4 % +9.28%
Return On Equity -90 % -13.9%
Return On Assets -61.5 % -10.9%
Operating Margin -182 % +81.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 4.8M shares -80.1%
Common Stock, Shares, Outstanding 4.02M shares +97.6%
Entity Public Float 28.6M USD -19.8%
Common Stock, Value, Issued 4.02K USD +97.6%
Weighted Average Number of Shares Outstanding, Basic 2.77M shares +56.5%
Weighted Average Number of Shares Outstanding, Diluted 2.77M shares +56.5%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 8.48M USD +455%
Selling and Marketing Expense 2.39M USD +60.9%
General and Administrative Expense 8.68M USD +8.84%
Operating Income (Loss) -15.5M USD -4.95%
Nonoperating Income (Expense) -698K USD -263%
Net Income (Loss) Attributable to Parent -16.2M USD -8.27%
Earnings Per Share, Basic -5.84 USD/shares +30.8%
Earnings Per Share, Diluted -5.84 USD/shares +30.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 4.88M USD +45.1%
Accounts Receivable, after Allowance for Credit Loss, Current 42.6K USD -90.8%
Inventory, Net 5.19M USD +42.9%
Assets, Current 10.5M USD +14.8%
Property, Plant and Equipment, Net 13.6M USD -5.79%
Operating Lease, Right-of-Use Asset 595K USD -35.1%
Assets 25.7M USD -0.84%
Employee-related Liabilities, Current 377K USD +344%
Accrued Liabilities, Current 800K USD +319%
Liabilities, Current 3.17M USD -55.7%
Operating Lease, Liability, Noncurrent 368K USD -39.5%
Liabilities 8.32M USD +7.04%
Retained Earnings (Accumulated Deficit) -64.5M USD -33.5%
Stockholders' Equity Attributable to Parent 17.4M USD -4.21%
Liabilities and Equity 25.7M USD -0.84%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.79M USD +4.76%
Net Cash Provided by (Used in) Financing Activities 3.18M USD
Net Cash Provided by (Used in) Investing Activities -213K USD +81.5%
Common Stock, Shares Authorized 29.9M shares 0%
Common Stock, Shares, Issued 4.02M shares +97.6%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 171K USD
Interest Paid, Excluding Capitalized Interest, Operating Activities 144K USD -9.51%
Deferred Tax Assets, Valuation Allowance 12M USD +40.6%
Deferred Tax Assets, Gross 12M USD +40.6%
Operating Lease, Liability 615K USD -34.4%
Payments to Acquire Property, Plant, and Equipment 213K USD -80.4%
Lessee, Operating Lease, Liability, to be Paid 688K USD -36.4%
Property, Plant and Equipment, Gross 16.7M USD +3.27%
Operating Lease, Liability, Current 247K USD -24.9%
Lessee, Operating Lease, Liability, to be Paid, Year Two 280K USD -2.27%
Lessee, Operating Lease, Liability, to be Paid, Year One 295K USD -26.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 72.9K USD -49.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 113K USD -59.3%
Lessee, Operating Lease, Liability, to be Paid, Year Four 46.9K USD
Operating Lease, Payments 136K USD +11.2%
Additional Paid in Capital 79.8M USD +23.3%
Interest Expense 575K USD -8.59%