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- NasdaqCM:WKSP
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.
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.
Valuation is complex, but we're here to simplify it.
Discover if Worksport might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave 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.
About NasdaqCM:WKSP
Worksport
Together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States.
Moderate risk with adequate balance sheet.
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