Worksport Ltd reports results for the quarter ended June 30 - Earnings Summary
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Worksport LtdQ) reported a quarterly adjusted loss of 71 cents per share for the quarter ended June 30, an improvement from a loss of $1.50 in the same quarter last year. Revenue increased by 113.6% to $4.10 million, surpassing analyst expectations of $3.89 million. The average analyst rating remains "buy" with a median 12-month price target of $11.50, indicating a potential upside of 67.1% from the last closing price of $3.78. The company reported a total quarterly loss of $3.73 million.
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