For the quarter ending 2025-09-30, WKSP made $5,013,872 in revenue. -$4,928,679 in net income. Net profit margin of -98.30%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net sales | 5,013,872 | 4,104,958 | 2,240,005 | 1,720,240.5 |
| Cost of sales | 3,445,088 | 3,022,846 | 1,843,784 | 1,539,316.5 |
| Gross profit | 1,568,784 | 1,082,112 | 396,221 | 180,924 |
| Research and development | 301,095 | 304,833 | 369,601 | 572,485 |
| General and administrative | 2,950,100 | 2,454,055 | 2,988,781 | 1,428,676.5 |
| Sales and marketing | 2,362,195 | 1,305,355 | 869,749 | 623,237 |
| Professional fees | 748,656 | 637,493 | 426,041 | 821,320 |
| (gain) loss on foreign exchange | 491 | 1,993 | 1,645 | 584,829.5 |
| Total operating expenses | 6,361,555 | 4,699,743 | 4,652,527 | 4,005,859 |
| Loss from operations | -4,792,771 | -3,617,631 | -4,256,306 | -3,824,935 |
| Rental income | - | 0 | - | 14,966.667 |
| Other | - | 0 | -16,854 | -21,441.25 |
| Interest expense | 138,887 | 128,156 | 195,438 | 181,115 |
| Interest income | 2,979 | 11,303 | 8,134 | 9,373 |
| Total other income (expense) | -135,908 | -116,853 | -204,158 | -182,801.5 |
| Net loss | -4,928,679 | -3,734,484 | -4,460,464 | -4,007,736.5 |
| Loss per share (basic) | -0.75 | -0.71 | -1.05 | -2.775 |
| Loss per share (diluted) | -0.75 | -0.71 | -1.05 | -2.775 |
| Weighted average number of shares (basic) | 6,563,228 | 5,285,705 | 4,262,474 | -26,311,345 |
| Weighted average number of shares (diluted) | 6,563,228 | 5,285,705 | 4,262,474 | -26,311,345 |
Worksport Ltd (WKSP)
Worksport Ltd (WKSP)