Worksport Ltd Stock Price, News & Analysis

Worksport (NASDAQ:WKSP) reported significant growth and expansion initiatives following a record Q2 2025. The company achieved $4.1M in Q2 revenue, up 83% from the previous quarter, while production increased over 50% since March 2025.

Key developments include doubling its R&D facilities in Ozark, Missouri, and preparing for the Fall 2025 launch of its SOLIS solar tonneau cover and COR portable nano-grid system. The company projects $2-3M in revenue from these products in 2025, with potential for 8-figure growth in 2026.

Additionally, Worksport's subsidiary Terravis Energy is advancing its AetherLux Pro heat pump technology, targeting the $148B global heat pump market, with interest from major corporations and government entities.

Worksport (NASDAQ: WKSP) reported strong Q2 2025 results, with unaudited revenue reaching $4.1 million, an 83% increase from Q1 2025's $2.24 million. The company achieved significant margin expansion, with gross margins improving from 17.7% to 26.0% quarter-over-quarter.

The performance validates Worksport's strategic shift from lower-margin private label production to a Made in America brand focus. The company expects to exceed 30% gross margins by year-end and projects $20M in full-year revenue. Additionally, Worksport plans to launch its innovative SOLIS Solar Tonneau Cover and COR Portable Energy System in late 2025, targeting high-margin clean energy markets.

Worksport (NASDAQ: WKSP), a U.S. manufacturer of truck solutions, reported significant operational achievements, including a 50% increase in monthly production and 100% improvement in gross margins over the past five months. The company's distribution network expanded from 94 to over 550 dealers, while gross margins improved from 11% to 23% in May 2025.

After generating revenues of $1.5M in 2023 and $8.5M in 2024, Worksport is projected to reach $20M in revenue for 2025. The company is preparing to launch its SOLIS solar-integrated tonneau cover and COR portable nano-grid system in Fall 2025, targeting a $13B market. A major U.S. construction company has already selected these products for a paid pilot project.

Worksport (NASDAQ: WKSP) has secured a pilot project with a leading US construction firm for its SOLIS solar tonneau cover and COR portable energy system. The construction company, which operates a fleet of over 1,000 trucks, will initially purchase two sets of the systems for evaluation in Phase I.

The pilot aims to validate Worksport's clean-tech solutions in real-world construction environments, with potential for broader implementation across the customer's large truck fleet. The construction firm serves notable clients including the U.S. Army Corps of Engineers, Department of Homeland Security, and U.S. Coast Guard. The SOLIS and COR product line is scheduled for public release in Fall 2025.

Worksport (NASDAQ: WKSP) reported record-breaking revenues for May 2025 at $1.28 million, marking their second consecutive month of all-time-high sales. The company's gross margins improved by 25% compared to Q1 2025, reaching 23%, with projections to hit 30% by year-end. Their dealer network expanded significantly from 94 in Q4 2024 to over 550 currently, including two major national distributors. Worksport projects 2025 revenue of approximately $20 million, up from $8.5 million in 2024 and $1.5 million in 2023. The company expects to achieve cash-flow positivity by year-end 2025. Their Made-in-USA cover line, using over 90% domestic content, continues gaining traction. Additionally, Worksport plans to launch SOLIS solar tonneau cover and COR portable nano-grid power system in fall 2025, targeting clean energy and portable power markets.

Worksport (NASDAQ: WKSP) has secured its second national automotive distributor, expanding its dealer network to over 550 U.S. locations - a nearly 6x increase since early 2025. The company currently sells to 187 of these dealers and projects $21.5M in annual repeatable B2B revenue at full activation. Management reaffirms 2025 revenue guidance of $20-$25M, representing 2.5-3x YoY growth. The company maintains strong DTC performance with ~$1M in monthly e-commerce revenue. Worksport plans to launch SOLIS (solar-integrated tonneau cover) and COR (portable energy storage system) in Fall 2025. After achieving 157% YoY gross margin increase in Q1 2025, the company aims for profitability and positive cash flow in 2025.

Worksport (NASDAQ: WKSP) has announced the Fall 2025 launch of its SOLIS & COR nano-grid system, a revolutionary clean energy solution for pickup trucks and portable power applications. The system consists of the SOLIS solar tonneau cover and COR portable power system, capable of delivering over 4,000Wh of solar-generated energy. The company projects $2-3 million in new revenue for 2025 from these products, with expectations of reaching 8-figure annual revenue in 2026. The COR system has passed all testing and awaits UL certification, while SOLIS has completed beta deployment with paying customers. Manufacturing will take place at Worksport's ISO-certified U.S. facility near Buffalo, New York. The company's total addressable market is expected to triple from $4 billion to over $13 billion, targeting over 60 million pickup trucks in the U.S. along with broader consumer applications.

Worksport (NASDAQ: WKSP) reported record-breaking April sales of $1.22 million, with its newly launched premium AL4 tonneau cover contributing 40% of total product sales. The company has successfully rolled out 80% (20 out of 25 models) of the AL4 product line, with the remaining five models expected to launch soon. The AL4, manufactured in Worksport's U.S. facility using over 90% domestic content, has shown strong dealer adoption and reorder patterns. Management expects Q2 revenue to exceed Q1, with further acceleration in Q3 and Q4 driven by the planned launch of SOLIS solar-integrated tonneau cover and COR portable power system. The company's focus on American-made premium products and emerging clean-tech innovations positions it for growth and improved margins.

Worksport (NASDAQ: WKSP) has achieved ISO 9001:2015 certification for its U.S. production facility, marking a significant milestone in its growth strategy. The certification, issued by Bureau Veritas Certification Holding SAS, is valid from April 2025 through April 2028. This achievement is expected to unlock new opportunities with major automotive OEMs like Toyota, GM, Ford, and Honda.

The company, which manufactures premium tonneau covers and clean-energy solutions, plans to leverage this certification to expand its product line, including the upcoming launch of its SOLIS Solar Tonneau Cover and COR Portable Energy System later this year. These innovations are expected to drive high-margin revenue growth and expand Worksport's market beyond traditional automotive accessories.