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-Q - Q2 2024 - Aug 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 155 % -66.2%
Quick Ratio 81 % +62.8%
Debt-to-equity 44.6 % +22.4%
Return On Equity -84.5 % -42.2%
Return On Assets -58.4 % -34.2%
Operating Margin -402 % +91.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 29.7M shares +70%
Common Stock, Shares, Outstanding 28.5M shares +63.8%
Entity Public Float 35.7M USD +33.9%
Common Stock, Value, Issued 2.85K USD +63.7%
Weighted Average Number of Shares Outstanding, Basic 26M shares +51.2%
Weighted Average Number of Shares Outstanding, Diluted 26M shares +51.2%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 3.73M USD +1191%
Selling and Marketing Expense 936K USD -56.9%
General and Administrative Expense 11.4M USD +53.9%
Operating Income (Loss) -15M USD -7.76%
Nonoperating Income (Expense) -318K USD -217%
Net Income (Loss) Attributable to Parent -15.3M USD -12.2%
Earnings Per Share, Basic -0.74 USD/shares +6.33%
Earnings Per Share, Diluted -0.74 USD/shares +6.33%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 3.43M USD -42%
Accounts Receivable, after Allowance for Credit Loss, Current 623K USD +90.9%
Inventory, Net 6.39M USD +122%
Assets, Current 10.7M USD +2.76%
Property, Plant and Equipment, Net 14.3M USD +1.93%
Operating Lease, Right-of-Use Asset 705K USD -34%
Assets 27.2M USD +0.72%
Liabilities, Current 2.25M USD -67.3%
Operating Lease, Liability, Noncurrent 485K USD -30%
Liabilities 8.04M USD +5.87%
Retained Earnings (Accumulated Deficit) -56M USD -37.7%
Stockholders' Equity Attributable to Parent 19.1M USD -1.3%
Liabilities and Equity 27.2M USD +0.72%

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 299M shares 0%
Common Stock, Shares, Issued 28.5M shares +63.8%
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
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 17.3M USD -44.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 144K USD -9.51%
Deferred Tax Assets, Valuation Allowance 7.54M USD +62.2%
Deferred Tax Assets, Gross 7.54M USD +62.2%
Operating Lease, Liability 729K USD -32.8%
Payments to Acquire Property, Plant, and Equipment 213K USD -80.4%
Lessee, Operating Lease, Liability, to be Paid 834K USD -34.5%
Property, Plant and Equipment, Gross 605K USD -49.7%
Operating Lease, Liability, Current 243K USD -37.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 274K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year One 302K USD +13.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 105K USD -44.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 258K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 46.9K USD
Operating Lease, Payments 136K USD +11.2%
Additional Paid in Capital 69.2M USD +18.1%
Interest Expense 575K USD -8.59%