WKSPW
Income statement / Annual
Last year (2024), Worksport Ltd.'s total revenue was $8.48 M,
an increase of 454.67% from the previous year.
In 2024, Worksport Ltd.'s net income was -$16.16 M.
See Worksport Ltd.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$8.48 M |
$1.53 M |
$116,502.00 |
$303,750.00 |
$346,144.00 |
$1.93 M |
$481,521.00 |
$408,701.00 |
$361,123.00 |
$651,667.00 |
| Cost of Revenue |
$7.58 M
|
$1.29 M
|
$56,967.00
|
$350,702.00
|
$298,996.00
|
$1.69 M
|
$384,908.00
|
$231,771.00
|
$334,060.00
|
$532,581.00
|
| Gross Profit |
$905,650.00
|
$240,514.00
|
$59,535.00
|
-$46,952.00
|
$47,148.00
|
$238,547.00
|
$96,613.00
|
$176,930.00
|
$27,063.00
|
$119,086.00
|
| Gross Profit Ratio |
0.11
|
0.16
|
0.51
|
-0.15
|
0.14
|
0.12
|
0.2
|
0.43
|
0.07
|
0.18
|
| Research and Development Expenses |
$2.29 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$47,348.00
|
| General & Administrative Expenses |
$11.71 M
|
$13.50 M
|
$10.40 M
|
$6.12 M
|
$881,583.00
|
$809,693.00
|
$1.13 M
|
$1.95 M
|
$319,611.00
|
$3.28 M
|
| Selling & Marketing Expenses |
$2.39 M
|
$1.48 M
|
$2.45 M
|
$1.39 M
|
$148,008.00
|
$50,159.00
|
$90,567.00
|
$3,715.00
|
$62,013.00
|
$203,845.00
|
| Selling, General & Administrative Expenses |
$14.10 M
|
$14.98 M
|
$12.84 M
|
$7.51 M
|
$1.03 M
|
$859,852.00
|
$1.22 M
|
$1.95 M
|
$381,624.00
|
$3.48 M
|
| Other Expenses |
$0.00
|
-$2,693.00
|
$213,383.00
|
$0.00
|
$261,119.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$12,999.00
|
| Operating Expenses |
$16.39 M
|
$14.98 M
|
$12.84 M
|
$7.51 M
|
$1.03 M
|
$859,852.00
|
$1.22 M
|
$1.95 M
|
$381,624.00
|
$3.54 M
|
| Cost And Expenses |
$23.95 M
|
$16.27 M
|
$12.90 M
|
$7.86 M
|
$1.33 M
|
$2.55 M
|
$1.61 M
|
$2.18 M
|
$715,684.00
|
$4.07 M
|
| Interest Income |
$37,492.00
|
$239,353.00
|
$212,290.00
|
$3,694.00
|
$386,249.00
|
$71,961.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$726,095.00
|
$616,214.00
|
$488,704.00
|
$294,923.00
|
$386,249.00
|
$71,961.00
|
$55,548.00
|
$118,907.00
|
$123,863.00
|
$10,851.00
|
| Depreciation & Amortization |
$1.75 M
|
$1.11 M
|
$486,582.00
|
$211,740.00
|
$26,962.00
|
$11,438.00
|
$1,516.00
|
$1,290.00
|
$998.00
|
$882.00
|
| EBITDA |
-$13.68 M |
-$13.20 M |
-$11.56 M |
-$7.39 M |
-$774,413.00 |
-$275,635.00 |
-$1.71 M |
-$3.23 M |
-$933,341.00 |
-$3.46 M |
| EBITDA Ratio |
-1.61
|
-8.63
|
-99.22
|
-24.33
|
-2.24
|
-0.14
|
-3.54
|
-7.91
|
-2.58
|
-5.31
|
| Operating Income Ratio |
-1.82
|
-9.63
|
-109.73
|
-24.89
|
-2.84
|
-0.32
|
-2.52
|
-4.36
|
-1
|
-5.24
|
| Total Other Income/Expenses Net |
-$683,070.00
|
-$192,297.00
|
$249,762.00
|
-$335,354.00
|
-$205,177.00
|
$178,818.00
|
-$551,911.00
|
-$1.62 M
|
-$774,000.00
|
-$61,953.00
|
| Income Before Tax |
-$16.16 M
|
-$14.93 M
|
-$12.53 M
|
-$7.90 M
|
-$1.19 M
|
-$414,607.00
|
-$1.76 M
|
-$3.40 M
|
-$1.14 M
|
-$3.49 M
|
| Income Before Tax Ratio |
-1.91
|
-9.76
|
-107.59
|
-26
|
-3.43
|
-0.22
|
-3.66
|
-8.33
|
-3.15
|
-5.35
|
| Income Tax Expense |
$0.00
|
$0.00
|
-$312,793.00
|
$294,923.00
|
$386,249.00
|
$71,961.00
|
$580,252.00
|
$1.46 M
|
$579,777.00
|
$48,129.00
|
| Net Income |
-$16.16 M
|
-$14.93 M
|
-$12.22 M
|
-$8.19 M
|
-$1.57 M
|
-$486,568.00
|
-$1.76 M
|
-$3.40 M
|
-$1.14 M
|
-$3.49 M
|
| Net Income Ratio |
-1.91
|
-9.76
|
-104.9
|
-26.97
|
-4.55
|
-0.25
|
-3.66
|
-8.33
|
-3.15
|
-5.35
|
| EPS |
-0.55 |
-0.84 |
-0.72 |
-0.71 |
-0.58 |
-0.26 |
-1.58 |
-3.34 |
-2.03 |
-103.45 |
| EPS Diluted |
-0.55 |
-0.84 |
-0.72 |
-0.71 |
-0.58 |
-0.26 |
-1.58 |
-3.33 |
-2.03 |
-103.45 |
| Weighted Average Shares Out |
$2.77 M
|
$17.69 M
|
$17.08 M
|
$11.50 M
|
$2.73 M
|
$1.84 M
|
$1.12 M
|
$1.02 M
|
$560,575.00
|
$33,716.00
|
| Weighted Average Shares Out Diluted |
$2.77 M
|
$17.69 M
|
$17.08 M
|
$11.50 M
|
$2.73 M
|
$1.84 M
|
$1.12 M
|
$1.02 M
|
$560,576.00
|
$33,716.00
|
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