
Worksport Ltd.
WKSPNASDAQConsumer CyclicalAuto - Parts
Previous close
$0.588
−$0.0219 · -3.59%
WKSP company overview
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GoAI snapshot
AI-powered factor overview
GoAI score
Hold
Wait — insufficient conviction to act
Valuation
67
Undervalued
Momentum
25
Weakening
Sentiment
72
Bullish
Risk resilience
37
High Risk
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Company profile
Company websiteWorksport Ltd., headquartered in Vaughan, Canada, is engaged in the design, manufacturing, and distribution of truck bed covers, commonly known as tonneau covers, across both Canada and the United States. Its product portfolio encompasses a range of soft covers (SC) and durable tough covers (TC). Specific models include the SC3, a tri-fold cover engineered with a rubber gasket to create a secure seal, shielding cargo from moisture and debris. The SC3pro variant allows users to effortlessly open the cover using a release cable. For heavy-duty applications, the TC3 features a robust, thick aluminum tri-cover panel with a honeycomb core, coated in a resilient, scratch-resistant black powder finish. Furthermore, the company is actively developing TerraVis, an innovative solar-powered tonneau cover that will offer portable, rechargeable power capabilities to pickup truck owners. Worksport distributes its products through an established network of wholesalers and direct online retail channels, catering to both private label brands and original equipment manufacturers. The company maintains a collaboration agreement with Greatcell Energy Pty Ltd. Worksport Ltd. formally adopted its current name in May 2020, having previously operated as Franchise Holdings International, Inc.
- Industry
- Auto - Parts
- Sector
- Consumer Cyclical
- Headquarters
- US
- CEO
- Steven F. Rossi
- Listed since
- Jun 21, 2001
- Employees
- 119
Market position
Day range
Current $0.588
52-week range
Current $0.588
- Open
- $0.62
- Previous close
- $0.6099
- Volume
- 833.2K
- 0.14× average
- Average volume
- 5.76M
- Average daily volume
- Market cap
- 8.99M USD
- Beta
- 0.27
- Market reference 1
- 50-day average
- $0.749
- -21.50% below average
- 200-day average
- $1.4122
- -58.36% below average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 10.05M USD
- P/E (TTM)
- -0.25×
- P/B (TTM)
- 0.37×
- P/S (TTM)
- 0.49×
- EV / EBITDA
- -0.59×
- Earnings yield
- -147.90%
- Free cash flow yield
- -138.36%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 30.06%
- Operating margin
- -110.45%
- Net margin
- -114.49%
- Return on equity
- -84.39%
- Return on assets
- -62.89%
- Return on invested capital
- -71.67%
Financial health
- Debt / equity
- 0.29×
- Current ratio
- 2.5×
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 16.1M USD | 8.48M USD | 1.53M USD | 116.5K USD | 303.75K USD |
| Cost of goods sold | 11.63M USD | 7.58M USD | 1.29M USD | 56.97K USD | 350.7K USD |
| Gross profit | 4.47M USD | 905.65K USD | 240.51K USD | 59.54K USD | −46.95K USD |
| Research and development | 1.54M USD | 2.29M USD | 1.67M USD | — | — |
| Selling, general, and administrative | 21.75M USD | 14.1M USD | 13.31M USD | 12.84M USD | 7.51M USD |
| Operating expenses | 23M USD | 16.37M USD | 14.98M USD | 12.83M USD | 7.51M USD |
| Interest income | — | 37.49K USD | 239.35K USD | 212.29K USD | 3.69K USD |
| Interest expense | 592.76K USD | 726.1K USD | 616.21K USD | 488.7K USD | 294.92K USD |
| Depreciation and amortization | 1.83M USD | 1.75M USD | 1.11M USD | 486.58K USD | 66.88K USD |
| Operating income | −18.52M USD | −15.47M USD | −14.74M USD | −12.77M USD | −7.56M USD |
| Net income | −19.35M USD | −16.16M USD | −14.93M USD | −12.53M USD | −7.9M USD |
Company facts updated Aug 24, 2026.
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Analyst price target
Average target
$2.00
240.14% upsideWKSP news
WKSP peers
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