For the year ending 2025-12-31, WKSP made $16,101,738 in revenue. -$19,352,297 in net income. Net profit margin of -120.19%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Net sales | 16,101,738 | 8,484,379 | ||
| Cost of sales | 11,626,831 | 7,578,729 | ||
| Gross profit | 4,474,907 | 905,650 | ||
| Research and development | 1,538,923 | 2,289,940 | ||
| Professional fees | - | 3,030,931 | ||
| General and administrative | 14,806,326 | 8,678,994 | ||
| Sales and marketing | 6,947,671 | 2,386,504 | ||
| Gain on foreign exchange | 4,587 | 14,885 | ||
| Total operating expenses | 23,288,333 | 16,371,484 | ||
| Loss from operations | -18,813,426 | -15,465,834 | ||
| Interest income | - | 37,492 | ||
| Rental income (note 17) | - | 76,413 | ||
| Interest expense | 592,755 | 726,095 | ||
| Other | 53,884 | -85,765 | ||
| Total other income (expense) | -538,871 | -697,955 | ||
| Net loss | -19,352,297 | -16,163,789 | ||
| Basic EPS | -3.16 | -5.84 | ||
| Diluted EPS | -3.16 | -5.84 | ||
| Basic Average Shares | 6,143,122 | 2,768,732 | ||
| Diluted Average Shares | 6,143,122 | 2,768,732 | ||
Worksport Ltd (WKSP)
Worksport Ltd (WKSP)