Worksport Historical Income Statement
WKSP Stock | USD 0.59 0.02 3.28% |
Historical analysis of Worksport income statement accounts such as Interest Expense of 647 K, Selling General Administrative of 14.2 M, Other Operating Expenses of 17.1 M or Total Operating Expenses of 15.7 M can show how well Worksport performed in making a profits. Evaluating Worksport income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Worksport's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Worksport latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Worksport is a good buy for the upcoming year.
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About Worksport Income Statement Analysis
Worksport Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Worksport shareholders. The income statement also shows Worksport investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Worksport Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Worksport. It is also known as Worksport overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Cost Of Revenue
Cost of Revenue is found on Worksport income statement and represents the costs associated with goods and services Worksport provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Worksport's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Worksport current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worksport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.At this time, Worksport's Depreciation And Amortization is relatively stable compared to the past year. As of 11/29/2024, Selling And Marketing Expenses is likely to grow to about 1.6 M, though EBITDA is likely to grow to (12.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 211.7K | 486.6K | 1.1M | 1.2M | Cost Of Revenue | 350.7K | 57.0K | 1.3M | 1.4M |
Worksport income statement Correlations
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Worksport Account Relationship Matchups
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Worksport income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 72.0K | 386.2K | 294.9K | 488.7K | 616.2K | 647.0K | |
Selling General Administrative | 809.7K | 881.6K | 6.1M | 10.4M | 13.5M | 14.2M | |
Other Operating Expenses | 2.5M | 1.3M | 7.9M | 12.9M | 16.3M | 17.1M | |
Operating Income | (621.3K) | (982.4K) | (7.6M) | (12.8M) | (14.7M) | (14.0M) | |
Ebit | (621.3K) | (801.4K) | (7.6M) | (12.0M) | (14.3M) | (13.6M) | |
Ebitda | (609.9K) | (774.4K) | (7.4M) | (11.6M) | (13.2M) | (12.5M) | |
Total Operating Expenses | 859.9K | 1.0M | 7.5M | 12.8M | 15.0M | 15.7M | |
Income Before Tax | (414.6K) | (1.2M) | (7.9M) | (12.5M) | (14.9M) | (14.2M) | |
Total Other Income Expense Net | 206.7K | (205.2K) | (335.4K) | 249.8K | (192.3K) | (182.7K) | |
Net Income | (486.6K) | (1.6M) | (8.2M) | (12.2M) | (14.9M) | (14.2M) | |
Income Tax Expense | 72.0K | 386.2K | 294.9K | (312.8K) | 800.8K | 840.8K | |
Gross Profit | 238.5K | 47.1K | (47.0K) | 59.5K | 240.5K | 252.5K | |
Cost Of Revenue | 1.7M | 299.0K | 350.7K | 57.0K | 1.3M | 1.4M | |
Depreciation And Amortization | 11.4K | 27.0K | 211.7K | 486.6K | 1.1M | 1.2M | |
Selling And Marketing Expenses | 50.2K | 148.0K | 1.4M | 2.4M | 1.5M | 1.6M | |
Total Revenue | 1.9M | 346.1K | 303.8K | 116.5K | 1.5M | 1.6M | |
Net Interest Income | (72.0K) | (386.2K) | (291.2K) | (276.4K) | (376.9K) | (358.0K) | |
Net Income From Continuing Ops | (414.6K) | (1.2M) | (7.9M) | (12.5M) | (14.9M) | (14.2M) | |
Net Income Applicable To Common Shares | (359.0K) | (1.2M) | (7.9M) | (12.5M) | (11.3M) | (10.7M) | |
Reconciled Depreciation | 11.4K | 27.0K | 211.7K | 486.6K | 1.1M | 1.2M |
Additional Tools for Worksport Stock Analysis
When running Worksport's price analysis, check to measure Worksport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.