Worksport Sets New 4-Week Production Record; Strong Growth Continues
Worksport (NASDAQ: WKSP) has achieved a new production milestone, manufacturing 2,499 tonneau covers in July 2025, more than doubling its March 2025 output of 1,234 units. The company demonstrated significant operational efficiency by achieving this growth without proportional headcount increase at its ISO 9001:2015-certified facility.
The company expects to exceed $20 million in revenue this year and projects reaching cash flow positivity soon. Worksport is preparing to launch its clean-tech products - the SOLIS solar-integrated tonneau cover and COR portable power system - in Fall 2025, targeting a $13 billion market. Initial revenue projections for these products are $2-3 million, with eight-figure revenue contributions expected in 2026.
Worksport (NASDAQ: WKSP) ha raggiunto un nuovo traguardo produttivo, realizzando 2.499 coperture tonneau a luglio 2025, più del doppio rispetto alle 1.234 unità prodotte a marzo 2025. L'azienda ha dimostrato una notevole efficienza operativa, ottenendo questa crescita senza un aumento proporzionale del personale presso il suo stabilimento certificato ISO 9001:2015.
La società prevede di superare i 20 milioni di dollari di fatturato quest'anno e stima di raggiungere presto una posizione di cassa positiva. Worksport sta preparando il lancio dei suoi prodotti clean-tech - la copertura tonneau SOLIS con integrazione solare e il sistema di alimentazione portatile COR - per l'autunno 2025, puntando a un mercato da 13 miliardi di dollari. Le prime previsioni di fatturato per questi prodotti sono tra 2 e 3 milioni di dollari, con contributi a otto cifre attesi nel 2026.
Worksport (NASDAQ: WKSP) ha alcanzado un nuevo hito de producción, fabricando 2,499 cubiertas tonneau en julio de 2025, más del doble de su producción de marzo de 2025, que fue de 1,234 unidades. La compañía demostró una significativa eficiencia operativa al lograr este crecimiento sin un aumento proporcional del personal en su planta certificada ISO 9001:2015.
La empresa espera superar los 20 millones de dólares en ingresos este año y proyecta alcanzar pronto un flujo de caja positivo. Worksport se está preparando para lanzar sus productos de tecnología limpia - la cubierta tonneau SOLIS integrada con energía solar y el sistema de energía portátil COR - en otoño de 2025, apuntando a un mercado de 13 mil millones de dólares. Las proyecciones iniciales de ingresos para estos productos son de 2 a 3 millones de dólares, con contribuciones de ingresos de ocho cifras esperadas para 2026.
Worksport (NASDAQ: WKSP)는 2025년 7월에 2,499개의 토노 커버를 생산하며 새로운 생산 이정표를 달성했습니다. 이는 2025년 3월의 1,234대 생산량을 두 배 이상 넘는 수치입니다. 회사는 ISO 9001:2015 인증 시설에서 인력 증가 없이도 이러한 성장을 이루며 뛰어난 운영 효율성을 입증했습니다.
회사는 올해 2,000만 달러 이상의 매출을 기대하고 있으며 곧 현금 흐름 흑자 전환을 목표로 하고 있습니다. Worksport는 2025년 가을에 청정 기술 제품인 SOLIS 태양광 통합 토노 커버와 COR 휴대용 전원 시스템을 출시할 준비를 하고 있으며, 130억 달러 규모의 시장을 겨냥하고 있습니다. 이들 제품의 초기 매출 예상은 200만~300만 달러이며, 2026년에는 8자리 수 매출 기여가 기대됩니다.
Worksport (NASDAQ : WKSP) a atteint un nouveau jalon de production en fabriquant 2 499 couvertures de tonneau en juillet 2025, soit plus du double de sa production de mars 2025 qui s’élevait à 1 234 unités. L’entreprise a démontré une efficacité opérationnelle significative en réalisant cette croissance sans augmentation proportionnelle des effectifs dans son usine certifiée ISO 9001:2015.
La société prévoit de dépasser 20 millions de dollars de chiffre d'affaires cette année et anticipe d’atteindre prochainement une trésorerie positive. Worksport se prépare à lancer ses produits de technologie propre - la couverture de tonneau SOLIS intégrée au solaire et le système d’alimentation portable COR - à l’automne 2025, visant un marché de 13 milliards de dollars. Les premières projections de revenus pour ces produits s’élèvent à 2-3 millions de dollars, avec des contributions à huit chiffres attendues en 2026.
Worksport (NASDAQ: WKSP) hat einen neuen Produktionsmeilenstein erreicht und im Juli 2025 2.499 Tonneau-Abdeckungen hergestellt, mehr als das Doppelte der Produktion von März 2025 mit 1.234 Einheiten. Das Unternehmen zeigte eine signifikante operative Effizienz, indem es dieses Wachstum ohne proportionalen Personalzuwachs in seiner ISO 9001:2015-zertifizierten Anlage erzielte.
Das Unternehmen erwartet, in diesem Jahr über 20 Millionen US-Dollar Umsatz zu erzielen und prognostiziert bald positive Cashflows. Worksport bereitet die Markteinführung seiner Clean-Tech-Produkte – der SOLIS solarintegrierten Tonneau-Abdeckung und des COR tragbaren Energiesystems – für Herbst 2025 vor und zielt auf einen 13-Milliarden-Dollar-Markt ab. Die ersten Umsatzerwartungen für diese Produkte liegen bei 2 bis 3 Millionen US-Dollar, mit achtstelligen Umsatzerträgen, die für 2026 erwartet werden.
- Record production of 2,499 tonneau covers in July 2025, representing 100% growth in 4 months
- Improved operational efficiency with production growth achieved without proportional headcount increase
- Over 100% gross margin improvement in past five months
- Expected to surpass $20 million in revenue in 2025
- New SOLIS and COR products targeting $13 billion market opportunity
- Top 15 U.S. construction company piloting SOLIS and COR units
- Current demand continues to outpace supply
- Cash flow positivity and profitability not yet achieved
Insights
Worksport doubles production capacity without proportional workforce increase, signaling enhanced operational efficiency and potential for strong revenue growth.
Worksport's 2,499 tonneau covers produced in July represents a 102% increase from March's 1,234 units, demonstrating remarkable operational scaling in just four months. What's particularly impressive is achieving this without a proportional headcount increase, indicating significant improvements in manufacturing efficiency at their ISO-certified facility.
The company has simultaneously improved gross margins by over 100% in the past five months while scaling production. This dual improvement in both volume and margins is rare in manufacturing operations and suggests excellent execution of process optimization initiatives. Typically, rapid scaling creates quality or efficiency challenges that temporarily compress margins.
Current demand exceeding supply capability represents a positive constraint – Worksport isn't struggling to find customers, they're racing to meet existing demand. This puts them in an enviable position where each production increase translates directly to revenue growth without additional sales costs.
Their projection of reaching $20 million in revenue this year and achieving cash flow positivity appears reasonable given their production trajectory. With their core tonneau cover business establishing solid footing, the upcoming clean-tech product launches (SOLIS and COR) represent promising diversification that could accelerate growth in 2026. The pilot with a top 15 U.S. construction company could serve as a high-profile reference customer that opens doors to enterprise-scale contracts in a $13 billion addressable market.
2,499 Units Produced in 4 weeks of July, Doubling March 2025 Output
West Seneca, New York--(Newsfile Corp. - August 5, 2025) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to report its strongest 4-week production stretch to date. From early July through the final week of the month, the Company produced 2,499 tonneau covers—more than double the 1,234 units produced in March 2025 and reflecting over
Operational Scaling Drives Record Performance
This latest production milestone continues a clear trend of sequential growth for Worksport, following its
Management notes that this growth in output is critical as demand continues to outpace supply, driven by the exceptional market reception of the Company's flagship Made in USA AL4 premium tonneau cover.
"To double production in four months, while simultaneously improving gross margins significantly, is a powerful validation of our factory team, processes, and strategy," said Steven Rossi, Chief Executive Officer of Worksport Ltd. "Dealer demand continues to scale, and we're manufacturing more than ever before. We believe this progress puts Worksport on track to surpass
Looking Ahead: Clean-Tech Product Launches and Expanded Verticals
Later this year, Worksport is expected to launch its first clean-tech product vertical: the SOLIS solar-integrated tonneau cover and the COR portable power system. Together, these products form a portable nano-grid and target a combined
Both SOLIS and COR have passed third-party lab and beta testing, with production lines in development. The Company expects first shipments in Fall 2025, with projected revenue of
Notably, a top 15 U.S. construction company is currently piloting the SOLIS and COR units for integration into their national fleet.
Webcast Registration for Presentation on Q2 Performance
Worksport reminds investors, analysts, and media to register in advance for the Worksport's Q2 2025 live webcast, where management will provide insights into the Company's Q2 2025 financial performance and outlook for 2025. Worksport is focused on achieving cash flow positivity, followed by profitability, in the next few quarters. With increasing margins and record revenues, the Company is excited to share details on its progress and highlight multiple growth verticals ahead.
- Register Here: [Conference Call Registration]
Earnings Call Details:
- Date: August 13, 2025
- Time: 1:00 P.M. ET
- Format: Live webcast with management discussion and Q&A
For further information:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128
W: investors.worksport.com W: www.worksport.com E: investors@worksport.com
Join: Worksport's Newsletter
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
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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.
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