Worksport Ltd Stock Price, News & Analysis

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.

Worksport (NASDAQ: WKSP) reported strong Q1 2025 results with net sales of $2.24 million, a 337% increase from Q1 2024. The company achieved significant margin expansion, with gross margins improving to 18% from 7% year-over-year. Worksport maintains a healthy working capital of $7.94MM, including $5.1MM in cash.

The company provided optimistic 2025 revenue guidance of $20-25 million, representing a 2.5x to 3x increase over 2024. This growth will be primarily driven by their tonneau cover segment, particularly the newly launched AL4 product. Worksport targets 25-30% gross margins by year-end 2025 and expects $2-3 million in revenue from green energy product lines. The company aims to achieve cash flow breakeven by year-end at the upper end of their revenue guidance.

Worksport (NASDAQ: WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions for light trucks, overlanding, and consumer goods markets, has scheduled its Q1 2025 earnings release for Thursday, May 15, 2025, after market close. The company will host a live webcast at 4:30 P.M. ET featuring management discussion and Q&A.

Management has indicated that they believe the company's current market valuation may not reflect its underlying strengths and emphasized their focus on achieving cash-flow positivity and driving significant growth in 2025.

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.

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.