Worksport Ltd Stock Price, News & Analysis

Worksport (NASDAQ: WKSP) announced that its new HD3 Heavy-Duty tonneau cover has entered production on Oct 23, 2025. The HD3 is a hard-folding truck bed cover built for commercial and fleet use with upgraded materials, reinforced seals, and heavy-duty latches as an evolution of the AL3 platform.

Initial distribution will be through existing distributors, dealers, and strategic retailers with initial shipments expected mid-November 2025. Six HD3 models are already in production; the company expects a rolling schedule toward 25+ applications by December 2025.

Worksport (NASDAQ: WKSP) reported record unaudited Q3 2025 results with accelerating U.S. manufacturing scale ahead of three clean-energy product launches: SOLIS, COR, and Aetherlux by Terravis.

Key metrics: Revenue $5.015M (+62% YoY, +22% QoQ), Gross margin 31.0% (up ~2,300 bps YoY), Gross profit $1.60M, and Production 8,600 units (doubling since Q1). These mark the third consecutive record quarter and reflect operational leverage from domestic manufacturing. The company plans to file its Form 10-Q on November 13, 2025.

Worksport (NASDAQ: WKSP) completed a $10.0 million Regulation A offering on Oct 15, 2025, removing near-term capital uncertainty and funding near-term commercialization. The offering includes $4.50 warrants that become exercisable as the company’s valuation rises. Proceeds will fund Q4 2025 launches of the COR™ portable power system and SOLIS™ solar tonneau cover and expansion of production and dealer channels.

The company reported its fourth consecutive monthly sales record and gross margins of 31%, and says the new capital positions it to pursue cash-flow positivity in early 2026 while scaling U.S. manufacturing.

Worksport (NASDAQ: WKSP) announced that subsidiary Terravis Energy was selected for an NREL Technical Assistance Program (NTAP) project in Alaska to analyze the AetherLux Pro heat pump with ZeroFrost technology.

The NTAP will perform preliminary energy-savings and technology analyses for Fairbanks (extreme cold/dry) and Juneau (cold/humid), quantify household cost reductions using the Alaska Heat Pump Calculator, and outline a roadmap for joint field demonstrations. Terravis reports continuous performance below -56°F and cites a potential addressable market where 60% of North American homes still use fossil-fuel heating. The release also notes Worksport’s clean-tech portfolio and product launches planned for 2025.

Worksport (NASDAQ: WKSP), a U.S.-based advanced manufacturing and clean energy technology company, reported significant B2B growth with its active dealer network expanding 42% in one quarter to 266 dealers. The company's B2B revenue has grown at a 25% monthly geometric rate since early 2025, with August setting a new revenue record.

Gross margins have shown consistent improvement, rising from 11% in Q4 2024 to 31% in July 2025. The company is preparing to launch its HD3 Tonneau Cover and is developing an additional innovative model for Spring 2026. Additionally, Worksport confirmed the upcoming Q4 2025 launch of its SOLIS Solar Tonneau Cover and COR Portable Energy System, marking its entry into clean energy markets.

Worksport (NASDAQ: WKSP), a U.S. manufacturer of clean energy solutions for light trucks, reported significant progress across multiple business segments. The company is experiencing record Q3 performance with gross margins exceeding 30%, following an 83% sequential revenue increase in Q2 2025.

The company confirmed its SOLIS Solar Tonneau Cover and COR Portable Energy System are on track for commercial launch in late Q4 2025, projecting $2-3 million in potential revenue for 2025 and eight-figure growth in 2026. Additionally, Worksport is planning strategic distribution facility expansions in the Southeast and West Coast U.S.

Through its subsidiary Terravis Energy, Worksport is advancing the AetherLux ZeroFrost Heat Pump program, engaging with major corporations and government officials, with launch anticipated in mid-2026.

Worksport (NASDAQ: WKSP) reported its fourth consecutive monthly sales record in July 2025, with revenue reaching $1.71 million. The company achieved a significant milestone by reaching a 31% gross margin in July, surpassing its year-end 30% target one quarter ahead of schedule.

Monthly revenue showed consistent growth from April (~$1.2M) through July, while gross margins expanded dramatically from 11% in Q4 2024 to 31% in July 2025. The company is now operating at an annualized run-rate exceeding $20 million. Worksport plans to launch several new products in 2025, including the HD3 heavy-duty tonneau cover in Q3, and the SOLIS solar cover and COR modular power system in Q4.

Worksport (NASDAQ: WKSP), a U.S.-based manufacturer of clean energy solutions for light trucks, will present at Wall Street Reporter's "NEXT SUPER STOCK" livestream conference on September 4, 2025, at 1 PM ET.

CEO Steven Rossi will discuss the company's recent achievements, including record Q2 2025 revenue of $4.10 million (up 114% YoY), improved gross margins from 11% to 26%, and expansion of dealer network to 450+ new accounts. The presentation will also cover upcoming product launches including the HD3 tonneau cover, SOLIS solar cover, and COR portable power system, as well as the development of AetherLux™ cold-climate heat pump technology.

Worksport (NASDAQ: WKSP) reported strong Q2 2025 results with record-breaking performance. The company achieved net sales of $4.10 million, marking a 114% year-over-year and 83% sequential increase. Gross margin expanded to 26.4%, resulting in a 173% increase in gross profit to $1.08 million.

Key operational metrics show operating loss improved 15% QoQ to $(3.62) million, while operating cash use improved 19% to $(3.10) million. The company maintains $6.1 million in total liquidity and reaffirmed its 2025 revenue target of ≥$20 million. Production is ramping up, with July output averaging 115-130 units/day and targeting ~200 units/day by late Q3.

Worksport expects to achieve operating cash-flow breakeven by Q4 2025 or early Q1 2026, with gross margins projected to reach ~30% by year-end. The company plans to launch HD3, SOLIS, and COR products in the coming quarters.