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Worksport Ltd (WKSP)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  0.10.30.31.90.50.40.40.7
            Revenue growth  -61.6%-12.2%-82.0%300.1%17.8%13.2%-44.6%9.9%
Cost of goods sold  0.10.40.31.70.40.30.30.6
Gross profit  0.10.00.00.20.10.10.00.0
            Gross margin  51.1%-15.5%1.0%12.4%20.1%34.3%7.5%3.7%
Selling, general and administrative   [+]12.87.51.00.91.22.00.43.5
Research and development          
Other operating expenses  0.00.00.00.00.10.00.0-0.1
EBITDA   [+]-12.3-7.5-1.0-0.6-1.2-1.8-0.4-3.4
            EBITDA margin  -10546.7%-2467.4%-277.1%-30.2%-251.2%-435.3%-100.0%-525.6%
Depreciation  0.50.10.00.00.00.00.00.0
EBITA  -12.8-7.6-1.0-0.6-1.2-1.8-0.4-3.4
            EBITA margin  -10964.4%-2489.5%-284.9%-30.8%-251.5%-435.6%-100.3%-525.6%
Amortization of intangibles         0.0
EBIT   [+]-12.8-7.6-1.0-0.6-1.2-1.8-0.4-3.4
            EBIT margin  -10964.4%-2489.5%-284.9%-30.8%-251.5%-435.6%-100.3%-525.7%
Interest expense  0.50.30.40.10.10.00.00.0
Other income (expense), net   [+]0.70.00.20.3-0.5-1.6-0.8-0.1
Pre-tax income  -12.5-7.9-1.2-0.4-1.8-3.4-1.1-3.5
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -12.5-7.9-1.2-0.4-1.8-3.4-1.1-3.5
            Net margin  -10759.0%-2599.9%-343.1%-21.5%-366.1%-832.7%-314.6%-535.2%
   
Basic EPS   [+]($0.73)($0.69)($0.43)($0.01)($0.08)($0.17)($0.02)($0.09)
Diluted EPS   [+]($0.73)($0.69)($0.43)($0.01)($0.08)($0.17)($0.02)($0.09)
   
Shares outstanding (basic)   [+]17.111.52.736.822.320.467.340.5
Shares outstanding (diluted)   [+]17.111.52.736.822.320.467.340.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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