Worksport Reports Highest Monthly Revenue in Company History
Rhea-AI Summary
Worksport (NASDAQ:WKSP) reported record monthly net sales of approximately $2.05 million for November 2025 with a gross margin near 30%. The unaudited November result is the highest monthly revenue in company history and continues a 2025 growth trend: ~$1.2M in April, $1.71M in July, and >$2.0M in November. Gross margin expanded from 11% in Q4 2024 to 18% in Q1 2025, 26% in Q2 2025, and now ~30%, which management attributes to U.S. manufacturing scale and cost optimization.
The company highlighted demand for its core tonneau covers and clean-energy products, including SOLIS and COR, and reiterated progress toward sustained profitability.
Positive
- Record monthly net sales of $2.05M in November 2025
- Gross margin expanded to approximately 30%
- Monthly revenue rose from $1.2M (Apr) to $2.05M (Nov)
Negative
- November net sales are reported as unaudited
News Market Reaction 11 Alerts
On the day this news was published, WKSP declined 3.10%, reflecting a moderate negative market reaction. Argus tracked a peak move of +17.2% during that session. Argus tracked a trough of -10.9% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $597K from the company's valuation, bringing the market cap to $19M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
WKSP fell 13.41% while peers were mixed: GTEC +3.85%, PRTS +5.15%, REE -4.39%, WPRT -5.03%, SYPR -0.9%, pointing to stock-specific pressure rather than a unified sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 16 | Product launch update | Positive | +4.8% | Launch of Rivian R1T-compatible SOLIS solar tonneau with ~250W capacity. |
| Dec 08 | Operations expansion | Positive | -4.3% | Opening of AI-integrated Shreveport distribution center to speed U.S. shipping. |
| Dec 02 | Record sales update | Positive | +4.3% | Record Black Friday and weekly online sales driven by SOLIS and COR debut. |
| Dec 01 | Product commercialization | Positive | -2.3% | Launch of COR battery and SOLIS solar array with initial purchase order >$1M. |
| Nov 25 | New product rollout | Positive | +6.2% | HD3 heavy-duty tonneau cover begins B2B dealer sales after October production. |
Recent positive product and growth updates have produced mixed price reactions, with both rallies and pullbacks.
Over the last month, Worksport has focused on commercializing its clean-energy and tonneau products while reporting strong growth metrics. On Nov 25, it moved the HD3 tonneau cover into B2B dealer sales. On Dec 1, it launched the COR battery and SOLIS solar array, followed by record Black Friday and weekly online sales reported on Dec 2. Subsequent updates highlighted the Rivian-compatible SOLIS on Dec 16. Today’s record November revenue and margin update builds directly on this commercialization and growth trajectory.
Regulatory & Risk Context
An effective Form S-3 shelf filed on Nov 17, 2025 allows Worksport to offer up to $30,000,000 of various securities, including $4,000,000 via an amended at-the-market program. This replaces a prior shelf and provides flexibility to raise capital alongside its ongoing product launches and growth initiatives.
Market Pulse Summary
This announcement reports record November net sales of $2.05 million and gross margins near 30%, extending Worksport’s 2025 trend of rising revenue from roughly $1.2 million in April and improving margins from about 11% in Q4 2024. Recent filings highlight continued net losses, going concern language, and a $30,000,000 Form S-3 shelf for potential capital raises. Investors may watch whether monthly strength persists, margins hold near 30%, and how additional financing affects the balance sheet.
Key Terms
gross margins financial
clean-energy products technical
tonneau cover technical
AI-generated analysis. Not financial advice.
November sales reach
WEST SENECA, NY / ACCESS Newswire / December 18, 2025 / Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator in advanced manufacturing, clean energy technologies and automotive accessories, serving both consumer and reseller markets, today reported record monthly sales for November 2025, continuing the Company's strong revenue growth trend and margin expansion.
The Company achieved unaudited net sales of approximately
This performance builds on a clear and consistent growth trajectory throughout 2025. Monthly revenue increased from approximately
Margin expansion has also remained a key focus. Gross margin improved from approximately
"Our November results reflect real operating progress," said Steven Rossi, Chief Executive Officer of Worksport. "Sales reached an all-time monthly record with margins remaining stable and expected to grow. We believe this shows that our business model is scaling, demand remains strong, and our execution is improving quarter by quarter."
Management noted that the Company continues to execute on disciplined growth initiatives, drive operating efficiencies, and expand sales of its clean-energy products, including the recently announced SOLIS and COR systems, while sustaining steady demand across its core tonneau cover lineup.
Worksport expects to continue providing updates as it advances toward sustained profitability and long-term shareholder value creation.
Join Worksport's Investor Relation Newsletter for all Future Updates: Worksport's Newsletter.
Contacts
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789-128
W: investors.worksport.com W: www.worksport.com E: investors@worksport.com
Connect with Worksport Chief Executive Officer, Steven Rossi
Steven Rossi X (Twitter)
Steven Rossi LinkedIn
About Worksport
Worksport Ltd. (Nasdaq:WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is terravisenergy.com.
Connect with Worksport
Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram, the links of which are links to external third-party websites, as well as sign up for the Company's newsletters at investors.worksport.com.
Social Media Disclaimer
The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.
Forward-Looking Statements
The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "scheduled," "expect," "future," "intend," "plan," "project," "envisioned," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
SOURCE: Worksport Ltd.
View the original press release on ACCESS Newswire
FAQ
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