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Worksport Ltd Stock Price, News & Analysis

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Welcome to our dedicated page for Worksport news (Ticker: WKSP), a resource for investors and traders seeking the latest updates and insights on Worksport stock.

Worksport Ltd (WKSP) delivers innovative solutions through its automotive accessories and sustainable energy systems. This news hub provides investors and industry observers with official updates on corporate milestones, product developments, and financial performance.

Access timely press releases covering earnings reports, manufacturing advancements, and technological breakthroughs in solar integration. Track strategic partnerships and regulatory filings that shape the company's position in both automotive and clean energy markets.

Our curated collection ensures transparent access to Worksport's operational updates without speculative analysis. Discover announcements about new tonneau cover designs, hydrogen energy initiatives, and intellectual property developments directly from primary sources.

Bookmark this page for streamlined monitoring of Worksport's progress in merging automotive functionality with sustainable technology. Verify all information through official SEC filings and company communications linked within each news item.

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Worksport Ltd. (NASDAQ: WKSP) has shared its 2025 business outlook and key catalysts. The company reported significant revenue growth from $1.5M in 2023 to $8.5M in 2024, with monthly revenues exceeding $1M by end of 2024. Worksport maintains $6M cash on hand and a low debt-to-asset ratio of 0.32. The company is preparing to launch two major products: the SOLIS Solar Tonneau Cover and COR portable energy system in 2025. Their manufacturing facility can handle $100M-$300M in annual revenue. Additionally, their subsidiary Terravis Energy has developed AetherLux, an innovative heat pump technology. Management expects 2025 revenues to surpass current market cap, targeting weekly revenues of $1M within 24 months and cash flow positivity by late 2025.
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Worksport Ltd. (NASDAQ: WKSP) has announced its participation in the upcoming D. Boral Capital Inaugural Global Conference on May 14, 2025, at The Plaza Hotel in New York City. CEO Steven Rossi will be available for one-on-one investor meetings from 9:00 A.M. to 3:00 P.M. ET. The conference will feature notable businessman and investor Kevin O'Leary as the keynote speaker. Interested investors can schedule meetings by contacting John Perez at jperez@dboralcapital.com or investors@worksport.com.

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Worksport (NASDAQ: WKSP) has formed a strategic partnership with Patriot Automotive Technologies to expand its nationwide distribution network. The collaboration will see Worksport's tonneau covers, including the popular AL4 premium cover, sold through Patriot's network of over 200 dealer locations across the United States.

Key highlights of the partnership:

  • Expected to generate multi-million dollar annual recurring revenue in 2025
  • Builds on Worksport's recent 64% dealer network growth in Q1 2025
  • Strengthens Worksport's position as a U.S.-based manufacturer of premium automotive accessories

The partnership aims to support local brick-and-mortar dealers while providing American-made tonneau covers. Worksport plans to announce additional partnerships and upcoming launches of its clean-tech products, including the SOLIS Solar Tonneau Cover and COR Portable Energy System.

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Worksport (NASDAQ: WKSP) reported significant growth in Q1 2025, with March B2B sales increasing nearly 70% from February, driven by strong demand for their US-made AL4 premium tonneau cover. The company's dealer network expanded 64% to 151 active dealers, up from 92 at the end of 2024, with 59 new dealers added in Q1.

The AL4 cover, manufactured with over 90% domestic content including American aluminum, has gained traction among brick-and-mortar dealers nationwide. The company plans to launch its SOLIS solar-integrated tonneau cover and COR modular portable energy system later in 2025, aiming to expand into sustainable power solutions.

Management projects to achieve cash-flow positivity through B2B growth, direct-to-consumer sales, and cost control measures. With an addressable market of 17,000 dealers nationwide, Worksport expects continued growth through strategic partnerships with distributors and purchasing groups.

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Worksport (NASDAQ: WKSP) reported exceptional financial results for fiscal year 2024, with net sales reaching $8.48 million, marking a 455% increase from $1.53 million in 2023. The company's Q4 2024 performance was particularly strong, with net sales of $2.93 million, up 250% year-over-year.

Key financial metrics include increased cash and equivalents of $4.88 million, plus an additional $6.7 million raised through warrant inducement in March 2025. The company's inventory stands at $5.19 million, with working capital improved to $7.3 million.

Looking ahead to 2025, Worksport projects net sales between $20-34.5 million, with anticipated gross margins of 25-30% by late 2025. The company aims for breakeven and potential cash-flow positivity by year-end 2025. New product launches include the AL4 tonneau cover in Q4 and SOLIS and COR products scheduled for Q2/Q3 launch.

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Worksport (NASDAQ: WKSP) reported exceptional financial results for fiscal year 2024, with net sales reaching $8.48 million, marking a 455% increase from $1.53 million in 2023. The company's Q4 2024 performance was particularly strong, with net sales of $2.93 million, up 250% year-over-year.

Key financial metrics include strengthened cash position of $4.88 million, strategic inventory increase to $5.19 million, and improved working capital of $7.3 million. The company's B2C online sales grew significantly, reaching $1.59 million in Q3 2024, representing 51% of total revenue.

Looking ahead to 2025, Worksport projects net sales between $20-34.5 million and expects gross margins of 25-30% by late 2025. The company aims to achieve breakeven and potential cash-flow positivity by year-end 2025, supported by upcoming product launches including the AL4 tonneau cover, SOLIS solar-integrated tonneau, and COR mobile battery system.

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Worksport (NASDAQ: WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions for light trucks, overlanding, and consumer goods markets, will release its Q4 and full-year 2024 financial results on Thursday, March 27, 2025, before market open.

The company will host a live webcast at 8:30 AM ET on the same day, where management will discuss financial performance and provide outlook for 2025. Management has indicated that the current market valuation may not reflect Worksport's underlying strengths and emphasized their focus on achieving cash-flow positivity and driving significant growth in the coming year.

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Worksport (NASDAQ: WKSP) outlines its growth trajectory and business fundamentals for 2025. The company's revenue increased from $1.5M in 2023 to $8.5M in 2024, reaching $1M monthly by year-end. With $6M cash on hand and minimal debt (0.32 debt-to-asset ratio), Worksport's U.S. facility can handle $100M-$300M annual revenue.

Key developments include:

  • 30% dealer network expansion in early 2025
  • Upcoming launch of SOLIS Solar Tonneau Cover targeting $4B market
  • Introduction of COR portable energy system with Q2 2025 certification target
  • AetherLux ZeroFrost™ heat pump technology breakthrough

The company, holding 170+ patents/trademarks, targets $1M weekly revenue within 24 months and expects cash flow positivity in 2025. Management projects 2025 revenues to exceed current market valuation.

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Worksport (NASDAQ: WKSP) has announced a 1-for-10 reverse stock split effective March 18, 2025, as part of its strategy to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The company's common stock will continue trading under the symbol 'WKSP' with a new CUSIP number 98139Q308.

The reverse split will reduce outstanding shares from approximately 47.9 million to 4.8 million, with fractional shares being rounded up. The split was approved by the Board on February 25, 2025, and doesn't require shareholder approval under Nevada law.

CEO Steven Rossi emphasized that Worksport remains fundamentally unchanged, targeting cash flow positivity in 2025. The company is preparing to launch its clean-energy lifestyle products, COR and SOLIS, later this year.

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Worksport (NASDAQ: WKSP) has announced significant progress for its subsidiary Terravis Energy's AetherLux™ heat pump system with ZeroFrost™ technology. The innovation has garnered strong interest from top global manufacturers following its recent unveiling.

The company has revealed impressive test results from a 121-minute in-house evaluation:

  • Continuous operation at -56.9°F (-49.4°C) without defrost cycles
  • Minimum heat output of 85.9°F (29.9°C)
  • Average sustained output of 96.5°F (35.8°C)
  • Operating pressures up to 616.9 psi
  • Airflow velocities of 5.74 m/s

Terravis Energy plans to complete certification for non-Pro units within 2025 while exploring expedited commercialization of Pro units featuring ZeroFrost technology. The company is currently in discussions with potential partners, vendors, and distributors for both Pro and non-Pro versions of the AetherLux heat pump products.

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FAQ

What is the current stock price of Worksport (WKSP)?

The current stock price of Worksport (WKSP) is $2.84 as of May 8, 2025.

What is the market cap of Worksport (WKSP)?

The market cap of Worksport (WKSP) is approximately 15.2M.
Worksport Ltd

NYSE:WKSP

WKSP Rankings

WKSP Stock Data

15.25M
4.61M
5.39%
8.6%
2.37%
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Motor Vehicle Parts & Accessories
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