Worksport (WKSP) Income Statement: Revenue & Earnings

Worksport Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Worksport Ltd. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	8.48	1.53	0.12	0.30	0.35
Cost of Revenue	7.58	1.29	0.06	0.35	0.30
Gross Profit	0.91	0.24	0.06	-0.05	0.05
Operating Expenses
Research & Development	2.29	1.67	0.00	0.00	0.00
Selling, General & Administrative	14.10	13.31	12.84	7.65	1.03
Operating Expenses	16.39	14.98	12.84	7.71	1.03
Operating Income	-15.48	-14.74	-12.78	-7.76	-0.98
Other Income/Expense
Interest Income	0.04	0.24	0.21	0.00	0.00
Interest Expense	0.73	-0.62	0.49	-0.29	-0.39
Other Income/Expense	0.01	0.18	0.53	-0.05	0.00
Income
Income Before Tax	-16.16	-14.93	-12.53	-7.90	-1.19
Income Tax Expense	0.00	-2.61	0.00	0.00	0.00
Net Income	-16.16	-14.93	-12.53	-7.90	-1.19
Net Income - Continuous Operations	-16.16	-14.93	-12.53	-7.90	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-13.68	-13.63	-11.56	-7.69	-0.98
EBIT	-15.44	-14.74	-12.05	-7.76	-0.98
Depreciation & Amortization	1.75	1.11	0.49	0.07	0.01
Earnings Per Share
Basic EPS	-6.00	-8.00	-7.00	-7.00	-4.00
Diluted EPS	-6.00	-8.00	-7.00	-7.00	-4.00
Basic Shares Outstanding	2.77	1.77	1.71	1.15	0.27
Diluted Shares Outstanding	2.77	1.77	1.71	1.15	0.27