Worksport Full Year 2024 Earnings: In Line With Expectations

Worksport (NASDAQ:WKSP) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.48m (up 455% from FY 2023).
• Net loss: US$16.2m (loss widened by 8.3% from FY 2023).
• US$5.84 loss per share.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Worksport Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for Worksport (2 are a bit unpleasant!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.