Worksport Ltd Stock Price, News & Analysis

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.

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.

Worksport (NASDAQ: WKSP) has announced two significant sales milestones in early 2025. The company's dealer network has expanded by 30%, adding 24 new dealer locations. Additionally, their new flagship AL4 Premium Tonneau Cover is now available for purchase on worksport.com.

The company has shown substantial growth, increasing sales from $1.5M in 2023 to a run rate of approximately $1MM per month in 2024. Management expects the AL4 to become their best-selling tonneau cover, driving sales and margins for 2025. The company plans to have 5 AL4 models available by February 2025 end, with new models being added monthly.

Worksport is also preparing to launch additional products later in 2025, including the SOLIS solar tonneau cover and the COR portable nano-grid system, as part of their clean-tech solutions portfolio.

KULR Technology Group (NYSE: KULR) and Worksport (NASDAQ: WKSP) have announced a strategic partnership focused on battery technology advancement and domestic manufacturing. The collaboration encompasses three main areas: joint development of Worksport's COR Battery Pack System, AI-integrated battery management system software, and thermal runaway protection integration.

The partnership leverages KULR's K1-DS platform for performance evaluation and safety testing, with the first generation of Worksport SOLIS and COR scheduled for release in H2 2025. After expanding U.S. production in 2024, Worksport's revenue increased by over 450% from 2023 to 2024, achieving a monthly run rate exceeding $1 million. The company projects potential nine-figure revenues within 2-3 years.

The collaboration aims to capitalize on the growing portable energy system market, projected to reach $21.95-24.8 billion by 2032 with a CAGR of 16-24%. The partnership focuses on domestic manufacturing to meet increasing U.S.-based production demand.

Worksport (NASDAQ: WKSP) has announced a major breakthrough through its subsidiary Terravis Energy with the unveiling of AetherLux™, a revolutionary heat pump system. The innovation features proprietary ZeroFrost™ technology that eliminates the need for defrost cycles, a common drawback in conventional heat pumps.

The system operates effectively from -57°F to 131°F, setting new industry standards in the global heat pump market, which is projected to reach $148 billion by 2030. The product line includes two variants: the standard AetherLux Performance Unit (operating to -13°F) and the AetherLux Pro Ultra-Performance Unit with ZeroFrost™ technology.

Key features include an estimated COP of 3.0-3.5 at -57°F, HSPF of 11.0-12.5, AI-driven optimization, and R32 refrigerant compliance with 2025 Clean Air Act regulations. The system promises enhanced efficiency, reduced energy consumption, and improved operational lifespan.

Worksport (NASDAQ: WKSP) announced that its subsidiary, Terravis Energy, has unveiled the revolutionary AetherLux™ heat pump system. The system features proprietary ZeroFrost™ technology that eliminates the need for defrost cycles, a common drawback in conventional heat pumps.

The system operates effectively from -57°F to 131°F, setting new industry standards in a market projected to reach $148 billion by 2030. The AetherLux product line will include three models, with the Pro Model featuring the ZeroFrost technology. Key features include high efficiency with an estimated COP of 3.0-3.5 at -57°F, AI-driven optimization, and R32 refrigerant compliance with 2025 Clean Air Act regulations.

Two variants will be available: the Performance Unit (operating to -13°F) in 18,000 and 36,000 BTU units, and the Pro Unit featuring ZeroFrost technology for extreme conditions.

Worksport (NASDAQ: WKSP) subsidiary Terravis Energy has unveiled the revolutionary AetherLux™ heat pump system, featuring proprietary ZeroFrost™ technology that eliminates defrost cycles, a common drawback in traditional heat pumps. The system operates effectively from -57°F to 131°F, setting new performance standards in the heat pump market.

The product line includes two variants: the standard AetherLux Performance Unit (operating from -13°F to hot temperatures) and the AetherLux Pro with ZeroFrost technology. Key features include defrost-free design, high efficiency with COP of 3.0-3.5 at -57°F, HSPF of 11.0-12.5, AI-driven optimization, and R32 refrigerant compliance with 2025 Clean Air Act regulations.

The innovation targets a global heat pump market projected to exceed $148 billion by 2030, growing at 9.4% CAGR. The system will be available in 18,000 and 36,000 BTU units, with pricing and preorder details forthcoming.

Opthea (ASX/NASDAQ:OPT), a clinical-stage biopharmaceutical company focused on developing novel therapies for retinal diseases including wet age-related macular degeneration (wet AMD), has announced its participation in Oppenheimer's 35th Annual Healthcare Life Sciences Conference.

The company's Chief Executive Officer, Frederic Guerard, PharmD, will deliver a presentation on Tuesday, February 11, 2025, at 10:00 AM ET and will be available for one-on-one meetings during the conference, which runs from February 11-12, 2025. The presentation will be accessible via webcast and will also be available on the company's investor relations website.

Chipotle Mexican Grill (CMG) reported strong fourth quarter and full year 2024 results. Q4 total revenue increased 13.1% to $2.8 billion, with comparable restaurant sales up 5.4%, driven by 4.0% transaction growth. Operating margin improved to 14.6% from 14.4% year-over-year.

For full year 2024, total revenue grew 14.6% to $11.3 billion, with comparable sales increasing 7.4%. The company opened 304 new company-owned restaurants, including 257 with Chipotlanes, bringing the total restaurant count to 3,726. Digital sales represented 35.1% of total food and beverage revenue.

The company repurchased $995.8 million of stock in 2024 at an average price of $57.21 per share. For 2025, management anticipates low to mid-single digit comparable restaurant sales growth and plans to open 315-345 new company-owned restaurants.