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Upturn AI SWOT - About
WKSP 
Worksport Ltd (WKSP)
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Upturn Advisory Summary
06/30/2025: WKSP (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $10.33
1 Year Target Price $10.33
| 1 | Strong Buy |
| 2 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -48.73% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 15.44M USD | Price to earnings Ratio - | 1Y Target Price 10.33 |
Price to earnings Ratio - | 1Y Target Price 10.33 | ||
Volume (30-day avg) 3 | Beta 2.01 | 52 Weeks Range 2.44 - 12.00 | Updated Date 06/30/2025 |
52 Weeks Range 2.44 - 12.00 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -5.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -165.59% | Operating Margin (TTM) -190.09% |
Management Effectiveness
Return on Assets (TTM) -37.28% | Return on Equity (TTM) -86.66% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 13594374 | Price to Sales(TTM) 1.51 |
Enterprise Value 13594374 | Price to Sales(TTM) 1.51 | ||
Enterprise Value to Revenue 1.33 | Enterprise Value to EBITDA -1.58 | Shares Outstanding 5200130 | Shares Floating 4512517 |
Shares Outstanding 5200130 | Shares Floating 4512517 | ||
Percent Insiders 6.29 | Percent Institutions 9.49 |
Analyst Ratings
Rating 2 | Target Price 10.33 | Buy 2 | Strong Buy 1 |
Buy 2 | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Worksport Ltd
Company Overview
History and Background
Worksport Ltd. was founded to design, develop, manufacture, and own proprietary hard-folding truck bed tonneau covers with solar integration. The company has focused on innovation in the automotive accessory market, particularly electric vehicles and renewable energy solutions.
Core Business Areas
- Tonneau Covers: Design and manufacturing of truck bed tonneau covers, including hard-folding and solar-integrated options.
- Solar Power Systems: Development of solar power systems and related products for integration with tonneau covers and other applications.
- Energy Storage: Development of advanced energy storage solutions that are compatible with portable hydrogen fuel cells.
Leadership and Structure
The leadership team consists of the CEO and executive management focused on engineering, product development, and sales. The organizational structure is centered around product innovation, manufacturing, and marketing.
Top Products and Market Share
Key Offerings
- COR Tonneau Cover: Hard-folding tonneau cover designed for enhanced durability and security. Market share data unavailable. Competitors include: Leer, ARE, Extang.
- SOLIS Tonneau Cover: Solar-integrated tonneau cover designed to generate solar energy for electric vehicles and power tools. Market share data unavailable. Competitors include: None, this is a novel and unique product
- TerraVis Energy Storage System: Portable energy storage system that works with the SOLIS and uses hydrogen fuel cell technology for off-grid energy solutions. Market share data unavailable. Competitors include: Generac, Goal Zero, Jackery.
Market Dynamics
Industry Overview
The automotive aftermarket industry is experiencing growth, particularly in truck accessories and renewable energy solutions. There's an increasing demand for innovative and sustainable products. Demand in solar for electric vehicles has also grown significantly.
Positioning
Worksport Ltd. aims to be a leader in solar-integrated truck bed covers and portable energy solutions. Their competitive advantage lies in their focus on innovation and sustainability.
Total Addressable Market (TAM)
The total addressable market for tonneau covers and portable power solutions is estimated at billions of dollars. Worksport is positioned to capture a portion of this market with its innovative products.
Upturn SWOT Analysis
Strengths
- Innovative product designs
- Focus on solar integration and renewable energy
- Proprietary technology
- Strong brand name
- Intellectual property protection
Weaknesses
- Limited manufacturing capacity
- Dependence on key suppliers
- High R&D expenses
- Relatively small marketing budget compared to larger competitors
- Past operating losses
Opportunities
- Growing demand for electric vehicle accessories
- Expansion into new markets
- Partnerships with automotive manufacturers
- Government incentives for renewable energy
- Increasing consumer awareness of sustainable products
Threats
- Competition from established automotive accessory companies
- Fluctuations in raw material prices
- Changes in government regulations
- Economic downturns affecting consumer spending
- Technological advancements rendering current products obsolete
Competitors and Market Share
Key Competitors
- THO
- ALRV
- GPI
Competitive Landscape
Worksport's advantage lies in innovation, but it faces challenges from larger competitors with established distribution channels and greater financial resources. It must gain market share quickly.
Growth Trajectory and Initiatives
Historical Growth: Limited historical revenue growth due to the early stage of the company.
Future Projections: Future growth is dependent on the successful commercialization of its products and market adoption. Analyst estimates vary.
Recent Initiatives: Recent initiatives include expanding manufacturing capacity, securing partnerships, and launching new products.
Summary
Worksport Ltd. is an innovative company focusing on solar-integrated tonneau covers and portable energy solutions. While its product designs are promising, it faces challenges due to its early-stage status, competition from established players, and dependence on external funding. The company's success hinges on the successful commercialization of its products and strategic partnerships to enhance its market presence.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Press releases
- Analyst reports
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. Investment decisions should be made after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Worksport Ltd
Exchange NASDAQ | Headquaters West Seneca, NY, United States | ||
IPO Launch date 2003-07-15 | Founder, Chairman, President, CEO & Secretary Mr. Steven F. Rossi | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 80 | Website https://www.worksport.com |
Full time employees 80 | Website https://www.worksport.com | ||
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station. It serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. The company is based in West Seneca, New York.
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