About Worksport Ltd.
https://www.worksport.comWorksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States.
CEO
Steven F. Rossi
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-03-18 | Reverse | 1:10 |
| 2021-08-04 | Reverse | 1:20 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : C+
Most Recent Analyst Grades
Grade Summary
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Price Target
Institutional Ownership
Summary
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About Worksport Ltd.
https://www.worksport.comWorksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $5.01M ▲ | $6.36M ▲ | $-4.93M ▼ | -98.3% ▼ | $-0.75 ▼ | $-4.79M ▼ |
| Q2-2025 | $4.1M ▲ | $4.7M ▲ | $-3.73M ▲ | -90.97% ▲ | $-0.71 ▲ | $-3.16M ▲ |
| Q1-2025 | $2.24M ▼ | $4.65M ▲ | $-4.46M ▼ | -199.13% ▼ | $-1.05 ▲ | $-3.82M ▼ |
| Q4-2024 | $2.93M ▼ | $4.33M ▲ | $-4.3M ▼ | -146.89% ▼ | $-1.19 ▲ | $-3.33M ▲ |
| Q3-2024 | $3.12M | $4.15M | $-4.13M | -132.43% | $-1.4 | $-3.5M |
What's going well?
Revenue is up 22% and gross profit is rising even faster, showing demand is growing. Gross margins improved, suggesting the company is getting more efficient at delivering its products.
What's concerning?
Operating expenses are growing much faster than sales, leading to even bigger losses. The company is issuing more shares, which hurts existing shareholders, and there's no sign of profitability yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $3.76M ▲ | $27.56M ▲ | $7.27M ▲ | $20.29M ▲ |
| Q2-2025 | $1.39M ▼ | $23.58M ▼ | $6.26M ▼ | $17.32M ▼ |
| Q1-2025 | $5.08M ▲ | $26.66M ▲ | $6.54M ▼ | $20.13M ▲ |
| Q4-2024 | $4.88M ▲ | $25.74M ▲ | $8.32M ▼ | $17.41M ▲ |
| Q3-2024 | $1.86M | $24.94M | $8.58M | $16.36M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-3.73M ▲ | $-3.1M ▲ | $-124.45K ▲ | $-467.66K ▼ | $-3.69M ▼ | $-3.16M ▲ |
| Q1-2025 | $-4.46M ▼ | $-3.84M ▼ | $-458.34K ▼ | $4.5M ▼ | $197.27K ▼ | $-4.3M ▼ |
| Q4-2024 | $-4.3M ▼ | $-2.18M ▼ | $-27.48K ▲ | $5.23M ▲ | $3.03M ▲ | $-2.21M ▼ |
| Q3-2024 | $-4.13M ▼ | $-1.54M ▲ | $-164.97K ▼ | $134.49K ▼ | $-1.57M ▼ | $-1.7M ▲ |
| Q2-2024 | $-4.01M | $-3.63M | $-122.82K | $3.64M | $-110.89K | $-3.75M |
Revenue by Geography
| Region | Q3-2025 |
|---|---|
 NonUS | $0 ▲ |
CEO
Steven F. Rossi
Compensation Summary
(Year 2024)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-03-18 | Reverse | 1:10 |
| 2021-08-04 | Reverse | 1:20 |
ETFs Holding This Stock
Summary
Showing Top 2 of 12
Ratings Snapshot
Rating : C+
Most Recent Analyst Grades
Grade Summary
Showing Top 2 of 2
Price Target
Institutional Ownership
Summary
Showing Top 2 of 2