BREAKING: Worksport Posts Fourth Consecutive Monthly Sales Record in July 2025; Gross Margin Reaches 31% Target One Quarter Early
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) ha registrato nel luglio 2025 il suo quarto record mensile consecutivo di vendite, con ricavi pari a $1,71 milioni. L'azienda ha raggiunto un traguardo importante ottenendo un margine lordo del 31% a luglio, superando l'obiettivo annuale del 30% con un trimestre di anticipo.
I ricavi mensili sono cresciuti in modo costante da aprile (circa $1,2M) a luglio, mentre i margini lordi sono saliti notevolmente dall'11% del Q4 2024 al 31% di luglio 2025. Attualmente l'azienda opera a un ritmo annualizzato superiore a $20 milioni. Worksport prevede di lanciare diversi nuovi prodotti nel 2025, tra cui la copertura heavy-duty HD3 nel Q3 e la copertura solare SOLIS insieme al sistema modulare di alimentazione COR nel Q4.
Worksport (NASDAQ: WKSP) registró en julio de 2025 su cuarto récord mensual consecutivo de ventas, con ingresos de $1.71 millones. La compañía alcanzó un hito importante al lograr un margen bruto del 31% en julio, superando su objetivo anual del 30% con un trimestre de antelación.
Los ingresos mensuales mostraron un crecimiento constante desde abril (≈$1,2M) hasta julio, mientras que los márgenes brutos se ampliaron notablemente del 11% en el cuarto trimestre de 2024 al 31% en julio de 2025. La empresa ya opera a una tasa anualizada superior a $20 millones. Worksport planea lanzar varios productos nuevos en 2025, incluyendo la cubierta pesada HD3 en el T3 y la cubierta solar SOLIS junto con el sistema modular de energía COR en el T4.
Worksport (NASDAQ: WKSP)는 2025년 7월에 네 번째 연속 월간 매출 기록을 세우며 매출액 $1.71백만을 기록했습니다. 회사는 7월에 31%의 매출총이익률을 달성해 연말 목표인 30%를 한 분기 앞당겨 넘겼습니다.
월별 매출은 4월(약 $1.2M)부터 7월까지 꾸준히 증가했으며, 매출총이익률은 2024년 4분기 11%에서 2025년 7월 31%로 크게 개선되었습니다. 현재 회사는 연환산 기준 $20백만 이상 수준으로 운영되고 있습니다. Worksport는 2025년에 HD3 중장비 톤오 커버를 3분기에, SOLIS 태양광 커버와 COR 모듈형 전원 시스템을 4분기에 출시할 계획입니다.
Worksport (NASDAQ: WKSP) a enregistré en juillet 2025 son quatrième record mensuel consécutif de ventes, avec un chiffre d'affaires de 1,71 million $. La société a atteint un jalon important en réalisant un marge brute de 31% en juillet, dépassant son objectif annuel de 30% un trimestre plus tôt que prévu.
Les revenus mensuels ont augmenté de manière régulière d'avril (≈1,2M $) à juillet, tandis que les marges brutes sont passées de 11% au T4 2024 à 31% en juillet 2025. L'entreprise fonctionne désormais à un rythme annualisé supérieur à 20 millions $. Worksport prévoit de lancer plusieurs nouveaux produits en 2025, notamment la couverture HD3 heavy-duty au T3 et la couverture solaire SOLIS ainsi que le système d'alimentation modulaire COR au T4.
Worksport (NASDAQ: WKSP) verzeichnete im Juli 2025 seinen vierten Monatsumsatzrekord in Folge und erzielte einen Umsatz von $1,71 Millionen. Das Unternehmen erreichte im Juli einen wichtigen Meilenstein mit einer Bruttomarge von 31% und übertraf damit sein Jahresziel von 30% ein Quartal früher als geplant.
Die monatlichen Umsätze wuchsen von April (ca. $1,2M) bis Juli kontinuierlich, während sich die Bruttomargen deutlich von 11% im Q4 2024 auf 31% im Juli 2025 erhöhten. Das Unternehmen operiert nun mit einer annualisierten Run-Rate von über $20 Millionen. Worksport plant für 2025 mehrere Produktneueinführungen, darunter die schwere HD3-Pritschenabdeckung im Q3 sowie die SOLIS-Solarabdeckung und das modulare Energiesystem COR im Q4.
- Fourth consecutive monthly sales record reaching $1.71M in July 2025
- Gross margin expanded to 31%, exceeding 30% year-end target one quarter early
- Dramatic margin improvement from 11% in Q4 2024 to 31% in July 2025
- Annualized run-rate now exceeding $20M+
- Production reached strongest levels to date
- Multiple product launches planned for H2 2025
- None.
Insights
Worksport's revenue acceleration and margin expansion demonstrate operational scaling success, though profitability timeline remains uncertain.
Worksport's July results reveal impressive operational momentum with $1.71 million in monthly revenue, marking their fourth consecutive record. What's particularly notable is the dramatic gross margin expansion to
This margin expansion indicates substantial manufacturing efficiencies being realized at their U.S. facility. The company is now achieving their year-end margin target one quarter ahead of schedule, suggesting their domestic manufacturing strategy is working despite higher labor costs compared to overseas production.
At current run rates, Worksport is tracking toward an annualized revenue of
The upcoming product launches represent potential inflection points: the HD3 heavy-duty tonneau cover in Q3, followed by their flagship SOLIS solar cover and COR modular power system in Q4. These innovative products could drive further revenue acceleration if successfully commercialized. While the company mentions a "disciplined path toward sustained profitability," no specific timeline is provided, leaving uncertainty about when positive earnings might be achieved despite the improved margins.
Company Achieves Consistent Growth With Four Straight Record Months; Gross Margin Expands 2,000+ Basis Points in Three Quarters; Production Hits Strongest Levels to Date
West Seneca, New York, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today reported that July 2025 revenue reached
Operating Momentum and Financial Highlights
- Gross margin ramp:
31% in July, up from26% in Q2 2025,18% in Q1 2025, and11% in Q4 2024.
- Annualized run-rate (non-GAAP):
- July performance paces above
$20M +. Expected to continue to grow every month.
- July performance paces above
- Production strength:
- July production reached the Company’s strongest levels to date, driven by scale and manufacturing efficiencies.
- Product catalysts:
- HD3 heavy-duty tonneau cover (expected Q3);
- SOLIS solar cover and COR modular power system (expected Q4).
- Proprietary ZeroFrost™ Heat Pump Technology (expected 2026)
CEO Commentary
“Four consecutive record months and
Growth Trajectory
At July’s run rate, Worksport is pacing above
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Contacts
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789-128
W: investors.worksport.com W: www.worksport.com E: investors@worksport.com
Connect with Worksport Chief Executive Officer, Steven Rossi
Steven Rossi X (Twitter)
Steven Rossi LinkedIn
About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy’s website is terravisenergy.com.
Connect with Worksport
Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), the links of which are links to external third-party websites, as well as sign up for the Company’s newsletters at investors.worksport.com.
Social Media Disclaimer
The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (SEC”) filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.
Forward-Looking Statements
The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “scheduled,” “expect,” “future,” “intend,” “plan,” “project,” “envisioned,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
FAQ
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