Worksport Ltd Stock Price, News & Analysis

Worksport (NASDAQ: WKSP) is positioning itself to benefit from Trump's 'Made in America' policies in the automotive sector. The company has expanded its manufacturing workforce by 30% in Q4 to meet growing demand. Q3 revenue increased 581% year-over-year to $3.12 million. The company is targeting $1 million in monthly online sales, doubling current revenue of $500,000 per month. Worksport plans to launch its SOLIS solar cover and COR portable energy system by Q2/Q3 2025, with expectations of achieving cash flow positivity in 2025. The CEO recently purchased restricted shares at a 44% premium to market price, demonstrating confidence in the company's future.

Worksport (NASDAQ: WKSP) announces a 30% increase in manufacturing workforce to meet growing sales demand. The company aims to double its monthly online sales to $1 million from the current $500,000 reported less than 60 days ago. To support the end-of-year launch of the AL4 tonneau cover, Worksport is adding an evening production shift. The company reported Q3 revenue of $3.12 million, representing a 581% year-over-year increase. Looking ahead, Worksport plans to launch its SOLIS solar cover and COR portable energy system by Q2/Q3 2025, targeting cash flow positivity in 2025.

Worksport (NASDAQ: WKSP) has retained Digital BD, Inc. to investigate potential illegal short selling of its shares amid unusual trading activity. CEO Steven Rossi demonstrated confidence by purchasing restricted shares at a 44% premium to market price. The company reported significant growth with Q3 revenue reaching $3.12 million, a 581% year-over-year increase from $458,433. Digital BD will monitor daily short volume data from U.S. exchanges and analyze market maker trading patterns for compliance with Regulation SHO requirements. The company believes current stock activity doesn't reflect its business health and growth prospects.

Worksport (NASDAQ: WKSP) reported exceptional Q3 2024 financial results with revenue surging to $3.12 million, marking a 581% year-over-year increase from Q3 2023's $458,433. The company's B2C sales grew significantly, reaching $1.59 million and representing 51% of total revenue. Following a 275% revenue increase from Q1 to Q2 2024, Q3 showed another 63% growth from Q2.

The company expects to exceed its previous 2024 revenue guidance of $6-8M and projects 2025 revenue between $25-34.5 million. Worksport aims to achieve cash flow positivity in 2025, supported by new product launches including the AL4 tonneau cover, SOLIS solar cover, and COR portable energy system.

Worksport (NASDAQ: WKSP) reported significant growth in Q3 2024, with revenue surging 581% year-over-year to $3.12 million compared to $458,433 in Q3 2023. B2C sales increased dramatically from $21,599 to $1.59 million, representing 51% of total revenue. The company expects to exceed its 2024 revenue guidance of $6-8 million and projects 2025 revenue between $25-34.5 million. Worksport aims to achieve cash flow positivity in 2025, targeting production of 200 tonneau covers per day. New product launches include the AL4 tonneau cover in Q4 2024, with SOLIS solar cover and COR portable energy system planned for Q2/Q3 2025.

Worksport (NASDAQ: WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions, has announced its Q3 2024 earnings conference call set for November 13, 2024, at 4:30 PM ET. The call will be conducted online and will provide a detailed discussion on the company's performance, recent growth trends, and future outlook. Investors and analysts are invited to join the call to gain insights into Worksport's financial updates and growth prospects.

Worksport (NASDAQ: WKSP) announces an upgrade to its SOLIS solar tonneau cover technology, shifting to 60V output. This enhancement is expected to reduce consumer costs by up to $400 USD and increase compatibility with various battery generator systems. The upgrade comes during the Alpha release phase and includes key benefits such as broader market appeal, simplified integration, and maintained performance levels. A redesigned wireway management system is planned for completion by November's end. The company is preparing for influencer campaigns and live demonstrations to showcase the SOLIS Covers with COR & other battery systems, targeting the 60 million pickup trucks in the U.S. market.

Worksport (NASDAQ: WKSP) reports over 200% growth in B2B dealer account sales over the last four months across USA and Canada. The company has shipped hundreds of retail display units to dealers, achieving a 31% conversion rate for immediate orders. The company is also launching a pre-order campaign for its new AL4 Premium Tonneau Cover, attracting interest from major distributors. Notable achievements include strong performance in the Southwest region and first B2B order from Puerto Rico. With over 17,000 potential dealers in the U.S., Worksport aims to expand its market presence while maintaining aggressive pricing strategies.

Worksport (NASDAQ: WKSP) CEO Steven Rossi discusses the company's recent developments in an exclusive Cleantech Podcast interview. The company is implementing strategic cost-saving measures and expanding into new markets, including manufacturing aftermarket accessories for the Rivian R1T electric pickup truck. Rossi highlights their SOLIS solar Tonneau cover, which can provide 8-10 miles of daily driving range for electric trucks, representing 30% of average North American commutes. The company is also launching the COR product and AL4 Premium Tonneau Cover. Founded in 2011, Worksport specializes in innovative Tonneau covers that can transform trucks into mobile power stations for jobsite and campsite applications.