Welcome to our dedicated page for Worksport, Ltd. news (Ticker: WKSP), a resource for investors and traders seeking the latest updates and insights on Worksport, Ltd. stock.
Worksport Ltd, under its subsidiaries, is a leading designer, developer, and manufacturer of tonneau covers, solar integrations, and hydrogen-based green energy solutions. The company's innovative products cater to the automotive and clean energy industries, with a focus on sustainability and eco-friendly solutions. Worksport has reported significant revenue growth, operational successes, and strategic collaborations, positioning itself as a key player in the market.
Worksport's product lineup includes soft vinyl and hard aluminum tonneau covers, as well as upcoming first-to-market solar tonneau covers and portable energy systems. The company's recent financial results for Q1 FY 2024 showcased impressive revenue increases, operational efficiencies, and gross margin improvements. Worksport's strategic investments in production, inventory, and expansion highlight its commitment to growth and innovation.
With a robust intellectual property portfolio, Worksport is well-positioned to lead the market with cutting-edge technologies and groundbreaking products. The company's partnerships, distribution networks, and growth forecasts underscore its trajectory towards transformative success in the automotive and clean energy sectors.
Worksport (NASDAQ: WKSP) has launched a new investor relations website featuring their strategic vision targeting a $13B market. The company reported significant growth with 581% year-over-year sales increase in Q3 and plans to launch three new products in 2025, including the AL4 tonneau cover, SOLIS solar tonneau cover, and COR mobile power system.
The company has secured pre-orders for its AL4 tonneau cover from two major distributors and expects its tonneau cover business to reach 9-figures in revenue within the next few years. Recent achievements include 51% B2C and 60% B2B sales growth in November, a 30% increase in production capacity, and projected savings of over $2MM from new strategic initiatives.
Worksport (NASDAQ: WKSP) reported significant growth milestones in December 2024, including a 117% expansion in dealer network since September and securing pre-orders for its upcoming AL4 tonneau cover from major U.S. distributors. The company announced plans to allocate up to $5 million in Bitcoin and XRP, capped at 10% of excess cash, as part of its treasury management strategy. Recent performance shows a 51% increase in B2C sales and 60% rise in B2B sales. The company is preparing to launch its AL4 tonneau cover, followed by SOLIS solar tonneau cover and COR mobile power system in 2025. Following a December 8 appearance on FOX & Friends, Worksport has gained increased national visibility for its American-made products.
Worksport (WKSP) made its national television debut on FOX & Friends Weekend, where CEO Steven Rossi showcased the company's upcoming SOLIS solar tonneau cover and COR portable energy system. The segment, part of the show's 'Made in America' feature, highlighted Worksport's commitment to domestic manufacturing and clean energy solutions.
The appearance on FOX & Friends Weekend, which averages 1.2 million viewers per episode, received positive feedback from producers and is expected to boost brand visibility. The company views this media exposure as a strategic opportunity to reach potential customers and secure additional national media coverage.
The showcase focused on Worksport's clean-tech initiatives in sustainable mobility and off-grid power solutions, which align with the company's growth strategy for 2025, aiming to drive revenue growth and improve margins.
Worksport (NASDAQ: WKSP) announces its upcoming appearance on FOX & Friends, America's most-watched cable news morning show, scheduled for December 8th, 2024, at 7:30 AM ET. CEO Steven Rossi will showcase the company's innovative product lineup, including the AL4 Premium tonneau cover, SOLIS solar cover, and COR portable energy system to an audience exceeding one million live viewers.
The presentation will feature two pickup trucks equipped with Worksport's solutions at FOX Plaza in Manhattan. The company will offer an exclusive discount code for purchases through their e-commerce platform during the broadcast. The appearance represents a strategic milestone for Worksport's expansion, targeting multi-billion dollar markets with their clean energy solutions for the light truck sector.
Worksport (WKSP) reports significant sales growth in November 2024, with B2C sales increasing 51% and B2B sales rising 60% compared to September. The company has strategically discontinued private label sales to focus exclusively on higher-margin Worksport branded products. Daily sales during the holiday period surged to over three times the Q3 record.
The company is approaching its target of $1M in monthly B2C sales and has seen notable gross margin improvements in November compared to Q3 2024. Worksport is preparing for the launch of three new products in 2025: the premium AL4 tonneau cover and the clean-tech power generation systems SOLIS and COR.
Worksport (NASDAQ: WKSP) announces a strategic move into cryptocurrency, planning to adopt Bitcoin (BTC) and XRP for its corporate treasury. The Board approved purchases of up to $5 million in cryptocurrencies, to 10% of excess operational cash. The company will also accept crypto payments on its e-commerce platform, with expected transaction cost savings of up to 37%.
The initiative includes converting interest earnings from money market accounts into cryptocurrencies and potentially allocating a portion of future capital raises to BTC and XRP holdings. This strategy follows strong Q3 2024 performance, with revenue reaching $3.12 million, representing a 581% year-over-year increase from $458,433 in Q3 2023.
Worksport (NASDAQ: WKSP) has announced a strategic move into cryptocurrency, planning to adopt Bitcoin (BTC) and XRP (Ripple) for its corporate treasury. The company's Board of Directors has approved purchases of up to $5 million in cryptocurrencies, to 10% of excess operational cash.
The strategy includes accepting cryptocurrency payments on their e-commerce platform, which is expected to reduce transaction processing fees by up to 37%. The company may also convert interest earnings from money market accounts into cryptocurrencies and allocate a portion of future capital raises to BTC and XRP holdings.
This initiative comes amid strong financial performance, with Q3 revenue reaching $3.12 million, representing a 581% year-over-year increase from $458,433 in Q3 2023.
Worksport (NASDAQ: WKSP) has been invited to present at the prestigious ICR Conference 2025 on January 14, 2025, from 2:30 PM to 2:55 PM ET in Orlando, Florida. Following its remarkable 581% YoY growth in Q3 2024, the company will join industry leaders like Walmart, Yum! Brands, and SharkNinja at the event.
The presentation will highlight Worksport's growth trajectory, upcoming product launches including the AL4 tonneau cover and SOLIS and COR clean-tech products, and strategic initiatives for 2025. The executive team will be available for one-on-one meetings with investors, analysts, and industry professionals to discuss recent achievements and expansion plans.
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.
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