Consumer Cyclical · Auto - Parts
Price
$1.15
Market Cap
$5.6M
Employees
80
Beta
0.26
Avg Volume
4,831,357
CEO
Steven F. Rossi
Business Description
Worksport 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.
Business History
Price Overview
Last updated: Jun 27, 2026 7:54am (5m ago)$1.15
+0.19 (+19.17%)
Day Range
$0.94 – $1.30
52-Week Range
$0.57 – $4.90
50-Day MA
$0.89
200-Day MA
$1.92
Volume
8,755,424.00
Analyst Price Targets
Low
$2.00
Consensus
$2.00
High
$2.00
(6 analysts)
Share Structure
Outstanding
4,886,005.00
Float
4,643,390.00
Free Float
95.0%
High free float
— 95.0% of shares trade freely, ~5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (4.6M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.37
Stock Price: $1.15
EPS (Diluted): -3.15
EPS (Diluted): -3.15
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.57
Stock Price: $1.15
Total Equity: $22.93M
Shares: 7,783,922
Total Equity: $22.93M
Shares: 7,783,922
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.47
Market Cap: $5.62M
Total Debt: $2.64M
Cash: $5.95M
EBITDA: -$16.93M
Total Debt: $2.64M
Cash: $5.95M
EBITDA: -$16.93M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$10.0M
Market Cap: $5.62M
Total Debt: $2.64M
Cash: $5.95M
Total Debt: $2.64M
Cash: $5.95M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.81
Stock Price: $1.15
Revenue: $16.10M
Shares: 7,783,922
Revenue: $16.10M
Shares: 7,783,922
EV/Sales (Total value vs revenue — works when P/E can't)
API0.62
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
27.8%
Gross Profit: $4.47M
Revenue: $16.10M
Revenue: $16.10M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-115.0%
Operating Income: -$18.52M
Revenue: $16.10M
Revenue: $16.10M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-120.2%
Net Income: -$19.35M
Revenue: $16.10M
Revenue: $16.10M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-102.9%
Net Income: -$19.35M
Total Equity: $22.93M
Total Equity: $22.93M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-84.7%
Operating Income: -$18.52M
Tax Rate: 0.0%
Equity: $22.93M
Total Debt: $2.64M
Cash: $5.95M
Tax Rate: 0.0%
Equity: $22.93M
Total Debt: $2.64M
Cash: $5.95M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.50
Current Assets: $16.79M
Current Liabilities: $6.73M
Current Liabilities: $6.73M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.12
Short-Term Debt: $1.69M
Long-Term Debt: $950,481
Total Debt: $2.64M
Total Equity: $22.93M
Long-Term Debt: $950,481
Total Debt: $2.64M
Total Equity: $22.93M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$2.07
Revenue: $16.10M
Shares: 7,783,922
Shares: 7,783,922
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.95
Total Equity: $22.93M
Shares: 7,783,922
Shares: 7,783,922
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-2.33
Operating CF: -$17.31M
CapEx: -$789,460
Shares: 7,783,922
CapEx: -$789,460
Shares: 7,783,922
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.15
Stock Price: $1.15
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$19.35M
Net Income: -$19.35M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WKSP against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 1:01pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $303,750 | $116,502 | $1.5M | $8.5M | $16.1M |
| Cost of Revenue | $350,702 | $56,967 | $1.3M | $7.6M | $11.6M |
| Gross Profit | $-46,952 | $59,535 | $240,514 | $905,650 | $4.5M |
| Operating Expenses | $7.5M | $12.8M | $15.0M | $16.4M | $23.0M |
| Operating Income | -$7.6M | -$12.8M | -$14.7M | -$15.5M | -$18.5M |
| Net Income | -$7.9M | -$12.5M | -$14.9M | -$16.2M | -$19.4M |
| EBITDA | -$7.5M | -$11.6M | -$13.2M | -$13.7M | -$16.9M |
| EPS | $-0.69 | $-1.74 | $-2.07 | $-5.84 | $-3.15 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 23, 2026 1:01pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $28.6M | $14.6M | $3.4M | $4.9M | $5.9M |
| Total Current Assets | $34.0M | $18.3M | $9.1M | $10.5M | $16.8M |
| Total Assets | $36.3M | $32.8M | $26.0M | $25.7M | $30.8M |
| Current Liabilities | $1.8M | $2.5M | $7.2M | $3.2M | $6.7M |
| Long-Term Debt | $0 | $5.3M | $0 | $4.8M | $950,481 |
| Total Liabilities | $2.1M | $8.6M | $7.8M | $8.3M | $7.8M |
| Total Equity | $34.2M | $24.1M | $18.2M | $17.4M | $22.9M |
| Retained Earnings | -$20.8M | -$33.4M | -$48.3M | -$64.5M | -$83.9M |
Cash Flow (Annual)
Last updated: Jun 23, 2026 1:01pm (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M | -$8.0M | -$11.9M | -$10.1M | -$17.3M |
| Capital Expenditure | -$1.1M | -$11.2M | -$3.7M | $-528,235 | $-789,460 |
| Free Cash Flow | -$5.2M | -$19.1M | -$15.6M | -$10.7M | -$18.1M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $27.5M | -$13.9M | -$11.3M | $1.5M | $1.1M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:34am (5h ago)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$8.5M $8.4M – $8.5M
|
$16.2M $16.1M – $16.3M
|
$34.8M $34.5M – $35.0M
|
$39.2M $38.9M – $39.5M
|
| EBITDA |
-$8.5M -$8.5M – -$8.4M
|
-$16.2M -$16.3M – -$16.1M
|
-$34.8M -$35.0M – -$34.5M
|
-$39.2M -$39.5M – -$38.9M
|
| Net Income |
-$45.6M -$46.0M – -$45.2M
|
-$22.6M -$22.8M – -$22.4M
|
-$9.9M -$10.0M – -$9.8M
|
-$6.7M -$6.8M – -$6.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 23, 2026 1:01pm (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -61.6% | +1,213.0% | +454.7% | +89.8% |
| Gross Profit Growth | +226.8% | +304.0% | +276.5% | +394.1% |
| Operating Income Growth | -68.9% | -15.4% | -4.9% | -19.8% |
| Net Income Growth | -58.7% | -19.1% | -8.3% | -19.7% |
| EBITDA Growth | -53.4% | -14.2% | -3.6% | -23.7% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 2:34am (5h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-05 | Rossi Steven F. | P-Purchase | 79,618.00 | $0.63 | $50,000 |
| 2026-05-01 | Kartychak Jennifer Anne | 0.00 | $0.00 | $0 | |
| 2026-05-01 | Kartychak Jennifer Anne | 100,000.00 | $2.21 | $221,000 | |
| 2026-04-13 | Rossi Steven F. | P-Purchase | 88,214.00 | $0.85 | $75,000 |
| 2026-02-09 | Rossi Steven F. | A-Award | 240,000.00 | $1.66 | $398,400 |
| 2026-02-09 | Caragol William J | A-Award | 25,002.00 | $1.66 | $41,503 |
| 2026-02-09 | Rossi Lorenzo | A-Award | 15,000.00 | $1.66 | $24,900 |
| 2026-02-09 | Loverock Craig William | A-Award | 25,002.00 | $1.66 | $41,503 |
| 2026-02-09 | SIEGEL NED L | A-Award | 25,002.00 | $1.66 | $41,503 |
| 2025-07-12 | Loverock Craig William | A-Award | 10,000.00 | $3.80 | $38,000 |
| 2025-07-12 | Caragol William J | A-Award | 50,000.00 | $3.80 | $190,000 |
| 2025-07-12 | SIEGEL NED L | A-Award | 10,000.00 | $3.80 | $38,000 |
| 2025-07-12 | Rossi Lorenzo | A-Award | 10,000.00 | $3.80 | $38,000 |
| 2025-07-12 | Rossi Steven F. | A-Award | 215,000.00 | $3.80 | $817,000 |
| 2025-04-04 | Rossi Steven F. | A-Award | 30,000.00 | $3.09 | $92,700 |
| 2025-04-04 | SIEGEL NED L | A-Award | 7,000.00 | $3.09 | $21,630 |
| 2025-04-04 | Caragol William J | A-Award | 7,000.00 | $3.09 | $21,630 |
| 2025-04-04 | Loverock Craig William | A-Award | 7,000.00 | $3.09 | $21,630 |
| 2025-03-07 | Rossi Lorenzo | A-Award | 100,000.00 | $0.60 | $59,510 |
| 2024-11-19 | Rossi Steven F. | P-Purchase | 33,333.00 | $0.75 | $25,000 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WKSP — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30