Welcome to our dedicated page for Worksport news (Ticker: WKSPW), a resource for investors and traders seeking the latest updates and insights on Worksport stock.
Worksport Ltd. (Nasdaq: WKSP; WKSPW) generates frequent news as it advances tonneau covers, solar integrations, and clean energy systems for pickup trucks and related markets. Company updates often highlight progress on its SOLIS Solar Cover, the COR Battery System, and hard-folding tonneau covers produced at its New York State manufacturing facility, giving investors and industry followers insight into product development and manufacturing scale-up.
News items for WKSP and WKSPW commonly cover topics such as record revenue growth, production milestones for AL3PRO and other hard-folding covers, and distribution agreements that expand access to Worksport products. Releases also discuss clean-tech initiatives, including the integration of Gallium Nitride (GaN) semiconductors in portable power stations through a collaboration with Infineon Technologies AG, and development work within the Terravis Energy subsidiary on NP (Non-Parasitic), hydrogen-based solutions and a cold climate heat pump concept.
Investors tracking Worksport news can expect regular updates on the anticipated launch and testing phases of the SOLIS Solar Cover and COR Battery System, including Alpha releases, pre-order plans, and compatibility work for truck models such as those from Ford, General Motors, Stellantis, Nissan, Toyota, and others. Company communications also address OEM-related discussions, an active partnership with Hyundai for SOLIS, and early planning for applications like the Ford F-150 Lightning.
This news feed brings together Worksport’s press releases and related coverage so readers can follow developments in its automotive accessories, solar integrations, mobile energy storage systems, and capital markets activities linked to WKSP and WKSPW. For those monitoring the intersection of pickup truck accessories and clean energy technology, the Worksport news stream provides ongoing context on the company’s operations and strategic direction.
Worksport ($WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions for light trucks, has published responses to investor questions from its Q2 earnings call and Investor Q&A Portal. The company reported record-high revenues in Q2 2024, with a 274% growth from Q1 2024. Key highlights include:
- Production of SOLIS and COR Alpha units is underway, with release expected in September.
- The AL3 model is gaining traction, with a target of exceeding $1 million in Monthly Recurring Revenue by year-end.
- The premium AL4 line is scheduled for release in Q4 2024.
- Worksport aims to achieve operational cash flow positivity by 2025.
- The company's market cap was $19.67MM as of August 21, 2024, with a book value of $19.15MM.
Worksport is on track to meet or exceed its 2024 revenue guidance of $6-8 million and projects $15-20 million in revenue for FY 2025 from the tonneau cover segment alone.
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