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 - Q3 2024 - Nov 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 195 % -26.6%
Quick Ratio 112 % +131%
Debt-to-equity 45.2 % +11.7%
Return On Equity -85.5 % -18.3%
Return On Assets -58.9 % -14.4%
Operating Margin -235 % +88.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 32.9M shares +69.5%
Common Stock, Shares, Outstanding 30.9M shares +77.3%
Entity Public Float 35.7M USD +33.9%
Common Stock, Value, Issued 3.09K USD +77.3%
Weighted Average Number of Shares Outstanding, Basic 29.4M shares +68.9%
Weighted Average Number of Shares Outstanding, Diluted 29.4M shares +68.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.4M USD +777%
Selling and Marketing Expense 1.22M USD -38.2%
General and Administrative Expense 11.2M USD +24.5%
Operating Income (Loss) -15M USD -0.61%
Nonoperating Income (Expense) -518K USD -394%
Net Income (Loss) Attributable to Parent -15.5M USD -5.33%
Earnings Per Share, Basic -0.65 USD/shares +23.5%
Earnings Per Share, Diluted -0.65 USD/shares +23.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.86M USD -37.4%
Accounts Receivable, after Allowance for Credit Loss, Current 466K USD -9.97%
Inventory, Net 6.14M USD +72.8%
Assets, Current 8.89M USD +12.6%
Property, Plant and Equipment, Net 14M USD -2.53%
Operating Lease, Right-of-Use Asset 658K USD -32%
Assets 24.9M USD +1.29%
Liabilities, Current 3.01M USD -60.3%
Operating Lease, Liability, Noncurrent 433K USD -32.7%
Liabilities 8.58M USD +4.5%
Retained Earnings (Accumulated Deficit) -60.2M USD -34.8%
Stockholders' Equity Attributable to Parent 16.4M USD -0.31%
Liabilities and Equity 24.9M USD +1.29%

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 30.9M shares +77.3%
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 682K USD -30.8%
Payments to Acquire Property, Plant, and Equipment 213K USD -80.4%
Lessee, Operating Lease, Liability, to be Paid 758K USD -34.1%
Property, Plant and Equipment, Gross 605K USD -49.7%
Operating Lease, Liability, Current 249K USD -27.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 187K USD -30.5%
Lessee, Operating Lease, Liability, to be Paid, Year One 276K USD -23.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 75.9K USD -53.9%
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 72.5M USD +21.9%
Interest Expense 575K USD -8.59%