Worksport Ltd.
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Worksport Ltd.'s past years’ income statements indicate that its last revenue has increased compared to the previous period by 1213% to $1,529,632. Profit margin reached -976%. Total operating expenses were $14,977,175.
Profit Margin
| 2014 | 593.00K | -479.34K | -80.83% |
|---|---|---|---|
| 2015 | 651.66K | -3.48M | -535.21% |
| 2016 | 361.12K | -1.13M | -314.64% |
| 2017 | 408.70K | -3.40M | -832.66% |
| 2018 | 481.52K | -1.76M | -366.14% |
| 2019 | 1.92M | -486.56K | -25.26% |
| 2020 | 346.14K | -1.57M | -454.69% |
| 2021 | 303.75K | -8.19M | -2696.96% |
| 2022 | 116.50K | -12.22M | -10490.48% |
| 2023 | 1.52M | -14.92M | -975.98% |
WKSP Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.52M | 116.50K | 303.75K | 346.14K | 1.92M | 481.52K | 408.70K | 361.12K | 651.66K | 593.00K |
Cost of revenue | 1.28M | 56.96K | 350.70K | 298.99K | 1.68M | 384.90K | 231.77K | 334.06K | 532.58K | 435.40K |
Gross profit | 240.51K | 59.53K | -46.95K | 47.14K | 238.54K | 96.61K | 176.93K | 27.06K | 119.08K | 157.60K |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47.34K | 4.93K |
Selling and marketing | 1.48M | 2.44M | 1.38M | 148.00K | 50.15K | 90.56K | 3.71K | 62.01K | 203.84K | 88.46K |
Total operating expenses | 14.97M | 12.84M | 7.51M | 1.02M | 859.85K | 1.22M | 1.95M | 381.62K | 3.53M | 624.98K |
Operating income | -14.73M | -12.78M | -7.56M | -982.44K | -621.30K | -1.21M | -1.78M | -362.22K | -3.41M | -467.38K |
Other income (expenses), net | -192.29K | 249.76K | -335.35K | -205.17K | 206.69K | -580.25K | -1.62M | -579.77K | -61.95K | -11.95K |
Income before tax | -14.92M | -12.53M | -7.89M | -1.18M | -414.60K | -1.76M | -3.40M | -1.13M | -3.48M | -479.34K |
Income tax expense | 0 | -312.79K | 294.92K | 386.24K | 71.96K | 580.25K | 1.45M | 579.77K | 48.12K | 8.37K |
Net income | -14.92M | -12.22M | -8.19M | -1.57M | -486.56K | -1.76M | -3.40M | -1.13M | -3.48M | -479.34K |
Earnings per share | ||||||||||
Basic EPS | -0.84 | -0.72 | -0.71 | -0.58 | -0.26 | -1.58 | -3.34 | -2.03 | -103.45 | -20.25 |
Diluted EPS | -0.84 | -0.72 | -0.71 | -0.58 | -0.26 | -1.58 | -3.33 | -2.03 | -103.45 | -20.25 |
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