Worksport Ltd. (WKSP)

NASDAQ: WKSP · IEX Real-Time Price · USD
2.33
+0.06 (2.64%)
Aug 12, 2022 10:58 AM EDT - Market open
2.64%
Market Cap 39.61M
Revenue (ttm) 343,884
Net Income (ttm) -9.49M
Shares Out 17.00M
EPS (ttm) -0.66
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 43,829
Open 2.29
Previous Close 2.27
Day's Range 2.25 - 2.33
52-Week Range 1.58 - 9.09
Beta 1.43
Analysts Buy
Price Target 6.07 (+160.5%)
Earnings Date Aug 15, 2022

About WKSP

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... [Read more...]

Industry Auto Parts
Founded 2003
Employees 11
Stock Exchange NASDAQ
Ticker Symbol WKSP
Full Company Profile

Financial Performance

In 2021, Worksport's revenue was $303,750, a decrease of -12.25% compared to the previous year's $346,144. Losses were -$7.90 million, 565.0% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for WKSP stock is "Buy." The 12-month stock price forecast is 6.07, which is an increase of 160.52% from the latest price.

Price Target
$6.07
(160.52% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Worksport to Present its proprietary SOLIS and COR Products for Three Global Automotive Manufacturers

Mississauga, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the “Company” or “Worksport”), is engaging in active negotiations with three major global automakers interested in partnerin...

Worksport Granted $1.15M from Canadian Federal Government Partner, MITACS

Mississauga, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”), through its subsidiary Terravis Energy Inc., has been granted $1.15 Million in matched funding from MITACS,...

Worksport Ltd. (Nasdaq: WKSP) to Ring The Nasdaq Stock Market Closing Bell

Mississauga and Manhattan, July 25, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the “Company” or “Worksport”), celebrates its uplisting with Nasdaq almost one year ago this July 29, with a v...

Worksport Launches Storefronts On Amazon, eBay And Walmart Marketplace

Worksport Ltd (NASDAQ: WKSP) has launched its eCommerce storefronts on Amazon.com (NASDAQ: AMZN), eBay (NASDAQ: EBAY), and Walmart (NYSE: WMT) Marketplace. N.A. Williams Company will execute Worksport's...

Worksport Launches Storefronts on Amazon, eBay and Walmart Marketplace

Mississauga, June 22, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. ( Nasdaq : WKSP) (the “Company” or “Worksport”), seeking to capitalize on the growing shift of consumer mindsets towards clean energy with i...

Worksport to Present at LD Micro 12th Annual Invitational

Mississauga, May 31, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. ( Nasdaq : WKSP) (the “Company” or “Worksport”), seeking to capitalize on the growing shift of consumer mindsets towards clean energy with it...

Worksport Participating in H.C. Wainwright 2022 Global Investment Conference, Hosted May 23 - 26, 2022

Mississauga, May 17, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the “Company” or “Worksport”), seeking to capitalize on the growing shift of consumer mindsets towards clean energy with its ...

Worksport Announces Purchase of 222,000-Sq Ft Facility, On-shoring Production of Consumer Products

Mississauga , May 12, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the “Company” or “Worksport”), through its wholly owned subsidiary, Worksport New York Operations Corporation (“WKSP NY”), s...

Worksport subsidiary Terravis Energy Accepts Offer from Indigenous Critical Infrastructure Fund to be Exclusive Clean...

Mississauga, May 04, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”) subsidiary Terravis Energy, foreseeing the future of the sustainable energy markets, has accepted an offer fr...

Worksport Unveils Terravis Energy Green Hydrogen Energy Systems

Mississauga, April 26, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”) unveils brand new green hydrogen-powered systems from its research and development subsidiary, Terravis Ene...

Worksport Enters Into Formal Agreement With Hyundai America Technical Center, Inc.

Worksport to produce working models of its SOLIS and COR for Upcoming Hyundai Vehicle Worksport to produce working models of its SOLIS and COR for Upcoming Hyundai Vehicle

Worksport and Hyundai America Technical Center, Inc., enter into a formal agreement to Produce Working Models of its ...

Mississauga, April 12, 2022 (GLOBE NEWSWIRE) -- on February 22, 2022, Worksport Ltd. (Nasdaq: WKSP) (the “Company” or “Worksport”) and Hyundai America Technical Center, Inc. (“HATCI”) executed a letter ...

Worksport Ltd 2021 Highlights

Mississauga, April 06, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. ( Nasdaq : WKSP) (the “Company”) has filed its annual report with Securities and Exchange Commission.

Worksport Contracts N.A. Williams Company for eCommerce Marketplaces

Mississauga, March 31, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. ( Nasdaq : WKSP) (the “Company”) has contracted leading manufacturers' representative firm, N.A. Williams Company, for category management ...

Worksport to Participate in the 2022 Virtual Growth Conference Presented by Maxim Group LLC and hosted by M-Vest on M...

Mississauga, March 25, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”), seeking to capitalize on the growing shift of consumer mindsets towards clean energy with its proprietary ...

Worksport Appoints Hudson Institute Adjunct Fellow, Mr. Thomas DiNanno, to Advisory Board

Mississauga, Ontario, March 17, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the “Company”) has appointed Mr. Thomas DiNanno, a Hudson Institute Adjunct Fellow, to its Advisory Board. During ...

Worksport Management Delays Terravis Energy Unveil

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 Energ...

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

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 ...

Worksport Pursuing Plan to become a Global Original Equipment Manufacturer

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,...

Company to Present at Sequire Clean Tech & EV Conference.

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 o...

Maxim Bullish On Worksport, Sees Huge Upside

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 charg...

Worksport Registers ~20% Sales Decline In Q3

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 Reports 2021 Third Quarter Financial Results and Provides Business Update

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 encour...

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

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

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

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 Secu...