Worksport ($WKSP) Corporate Update: Record Margins, Strategic Expansion, Imminent Product Launch

Rhea-AI Summary

Worksport (NASDAQ: WKSP), a U.S. manufacturer of clean energy solutions for light trucks, reported significant progress across multiple business segments. The company is experiencing record Q3 performance with gross margins exceeding 30%, following an 83% sequential revenue increase in Q2 2025.

The company confirmed its SOLIS Solar Tonneau Cover and COR Portable Energy System are on track for commercial launch in late Q4 2025, projecting $2-3 million in potential revenue for 2025 and eight-figure growth in 2026. Additionally, Worksport is planning strategic distribution facility expansions in the Southeast and West Coast U.S.

Through its subsidiary Terravis Energy, Worksport is advancing the AetherLux ZeroFrost Heat Pump program, engaging with major corporations and government officials, with launch anticipated in mid-2026.

Positive

• Q3 2025 gross margins exceeding 30% with further growth expected
• 83% sequential revenue increase in Q2 2025
• SOLIS and COR products on track for Q4 2025 launch with $2-3M revenue potential
• Projected eight-figure growth potential for 2026
• Strategic expansion of distribution facilities to reduce shipping costs
• Advanced discussions with multi-billion-dollar corporations for ZeroFrost Heat Pump

Negative

• Company not yet profitable
• New product revenue projections dependent on successful Q4 2025 launch
• Heat pump program launch delayed until mid-2026

Insights

Financial Analyst specializing in Clean Tech

Worksport reports strong revenue growth with 30%+ margins, imminent clean energy product launches, and strategic expansion plans.

Worksport's latest update reveals substantial operational momentum with gross margins exceeding 30% in Q3 2025, following an impressive 83% sequential revenue increase in Q2. This margin expansion demonstrates improving production efficiency and suggests the company is approaching a critical inflection point toward profitability.

The imminent Q4 launch of their SOLIS Solar Tonneau Cover and COR Portable Energy System represents Worksport's strategic pivot from a traditional automotive accessory manufacturer to a clean energy solutions provider. Management's projection of $2-3 million in 2025 revenue from these products, while modest initially, sets up potentially more significant 8-figure growth in 2026 as distribution channels mature.

The planned strategic distribution facility expansions across the Southeast and West Coast signal proper supply chain infrastructure development to support scaling operations. These logistics improvements should directly address two critical metrics: reducing shipping costs (improving margins further) and decreasing delivery times (enhancing customer experience).

Particularly noteworthy is the development at Terravis Energy subsidiary with their AetherLux ZeroFrost Heat Pump program attracting attention from large corporations and government entities. The pursuit of third-party validation suggests a methodical approach to product development rather than rushing to market, potentially creating valuable intellectual property that could generate licensing revenue streams independent of direct product sales.

The company appears to be executing a multi-pronged growth strategy: enhancing core product profitability, entering adjacent clean energy markets, optimizing distribution infrastructure, and developing next-generation technology with multiple commercialization pathways.

Q3 revenue on record pace; SOLIS & COR to launch late Q4; Terravis pursuing validation and global partnerships

West Seneca, New York, Sept. 23, 2025 (GLOBE NEWSWIRE) -- 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, today provided a comprehensive corporate update for September 2025, highlighting strong revenue growth, expanding margins, and progress across its flagship SOLIS, COR, and Terravis product lines.

1. The Company is excited to report that Q3 2025 is pacing to be another record quarter, with gross margins exceeding 30% and expected to climb further as production scales.

This follows an 83% sequential revenue increase reported in Q2 2025 and sets the stage for continued momentum as Worksport advances toward profitability.

“Our growth is accelerating every single month,” said Steven Rossi, Chief Executive Officer (CEO) of Worksport. “Margins are strengthening, sales are growing, and the upcoming launch of our COR & SOLIS clean-tech products will introduce Worksport to entirely new multi-billion-dollar markets. We are building a foundation not just for near-term growth, but for long-term leadership in clean energy and automotive innovation.”

2. The Company is announcing that the highly anticipated SOLIS Solar Tonneau Cover and COR Portable Energy System remain on schedule for commercial launch in late Q4 2025, in time for Holiday sales. Initial shipments are expected to fulfill existing pre-orders before opening a new round of consumer pre-orders.

Worksport CEO recently demonstrated the products’ performance:

• COR powered a large industrial fan under 120°F conditions, showcasing its reliability in extreme environments.
• SOLIS generated more power than the fan consumed, replenishing the COR battery faster than it discharged—underscoring the system’s potential as a true clean energy nano-grid.

The Company is projecting $2-3 million in potential revenue from SOLIS and COR in 2025, with 2026 expected to see 8-figure growth potential as sales expand across both business-to-consumer (B2C) and business-to-business (B2B) channels.

3. Worksport management is exploring strategic distribution facility expansions within the Southeast and West Coast of the U.S, to support its rapidly expanding B2C business. These facilities are expected to lower shipping times and costs, further enhancing customer experience while driving efficiencies at scale. Worksport believes this model will be a successful pilot for increased e-commerce sales and scale.

4. Worksport subsidiary Terravis Energy continues to make significant strides in advancing its AetherLux ZeroFrost Heat Pump program. The product continues to see expanding market opportunities:

• Ongoing discussions are underway with multi-billion-dollar corporations and government officials.
• Third-party validation programs are being initiated to further prove the heat pump system’s general performance superiority, along with performance in extreme climates.
• The roadmap includes finalizing a manufacturing partner, pursuing certifications, and advancing to launch, anticipated in mid-2026.
  

Management also emphasized that potential licensing opportunities remain under consideration, highlighting the broad technological and commercial reach of ZeroFrost technology.

“Our story is one of acceleration and execution,” Rossi added. “We’re seeing record sales, record margins, and transformative product launches right around the corner. With Terravis attracting global attention and SOLIS & COR heading to market, we believe Worksport is on the verge of a breakout.”

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

Connect with Worksport Chief Executive Officer, Steven Rossi

Steven Rossi X (Twitter)
Steven Rossi LinkedIn

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

Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), 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.

FAQ

What are Worksport's (WKSP) Q3 2025 financial performance highlights?

Worksport is experiencing record Q3 performance with gross margins exceeding 30%, following an 83% sequential revenue increase in Q2 2025. The company is progressing toward profitability with strengthening margins and growing sales.

When will Worksport launch its SOLIS and COR products?

Worksport plans to launch the SOLIS Solar Tonneau Cover and COR Portable Energy System in late Q4 2025, targeting Holiday sales. Initial shipments will fulfill existing pre-orders before opening new consumer pre-orders.

What is Worksport's revenue projection for SOLIS and COR products in 2025-2026?

Worksport projects $2-3 million in potential revenue from SOLIS and COR in 2025, with expectations for eight-figure growth in 2026 through B2C and B2B channels.

What is the status of Worksport's Terravis Energy ZeroFrost Heat Pump program?

The ZeroFrost Heat Pump program is in discussions with multi-billion-dollar corporations and government officials, undergoing third-party validation. Launch is anticipated for mid-2026 pending manufacturing partnership and certifications.

How is Worksport expanding its distribution capabilities?

Worksport is exploring strategic distribution facility expansions in the Southeast and West Coast of the U.S. to support B2C business growth, aiming to reduce shipping times and costs while improving customer experience.