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.
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 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.
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.
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.
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.
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.
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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