Welcome to our dedicated page for Worksport news (Ticker: WKSP), a resource for investors and traders seeking the latest updates and insights on Worksport stock.
Worksport Ltd. (NASDAQ: WKSP) generates frequent news as it advances its position in tonneau covers, solar-integrated truck bed systems, portable power platforms, and clean heating and cooling technologies. This WKSP news page aggregates company press releases and third-party coverage so readers can review operational updates, product launches, and financial performance in one place.
Recent Worksport news has highlighted the commercial rollout of the SOLIS solar tonneau cover and COR portable energy system, which together form a compact nano-grid for pickup trucks. Articles also cover the introduction of the HD3 heavy-duty tonneau cover for B2B dealers, expansion of U.S. operations with a dedicated SOLIS assembly facility in Missouri, and the opening of a strategic distribution center in Shreveport, Louisiana to support faster shipping and AI-integrated logistics.
Investors following WKSP can use this page to track announcements about record monthly revenue, online sales milestones, and updates on margin trends and manufacturing scale. Coverage also includes information about Worksport’s partnership with Hyundai for the SOLIS solar cover, the launch of SOLIS models compatible with EV pickup trucks such as the Rivian R1T, and progress at Terravis Energy on the Aetherlux heat pump with ZeroFrost technology.
Because Worksport communicates material financial information through press releases, SEC filings, and public webcasts, this news feed is a useful starting point for monitoring corporate developments. Bookmark this page to review new WKSP headlines related to earnings, product commercialization, distribution expansion, and clean energy initiatives as they are released.
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.
Worksport (NASDAQ: WKSP) has retained Digital BD, Inc. to investigate potential illegal short selling of its shares amid unusual trading activity. CEO Steven Rossi demonstrated confidence by purchasing restricted shares at a 44% premium to market price. The company reported significant growth with Q3 revenue reaching $3.12 million, a 581% year-over-year increase from $458,433. Digital BD will monitor daily short volume data from U.S. exchanges and analyze market maker trading patterns for compliance with Regulation SHO requirements. The company believes current stock activity doesn't reflect its business health and growth prospects.
Worksport (NASDAQ: WKSP) reported exceptional Q3 2024 financial results with revenue surging to $3.12 million, marking a 581% year-over-year increase from Q3 2023's $458,433. The company's B2C sales grew significantly, reaching $1.59 million and representing 51% of total revenue. Following a 275% revenue increase from Q1 to Q2 2024, Q3 showed another 63% growth from Q2.
The company expects to exceed its previous 2024 revenue guidance of $6-8M and projects 2025 revenue between $25-34.5 million. Worksport aims to achieve cash flow positivity in 2025, supported by new product launches including the AL4 tonneau cover, SOLIS solar cover, and COR portable energy system.
Worksport (NASDAQ: WKSP) reported significant growth in Q3 2024, with revenue surging 581% year-over-year to $3.12 million compared to $458,433 in Q3 2023. B2C sales increased dramatically from $21,599 to $1.59 million, representing 51% of total revenue. The company expects to exceed its 2024 revenue guidance of $6-8 million and projects 2025 revenue between $25-34.5 million. Worksport aims to achieve cash flow positivity in 2025, targeting production of 200 tonneau covers per day. New product launches include the AL4 tonneau cover in Q4 2024, with SOLIS solar cover and COR portable energy system planned for Q2/Q3 2025.
Worksport (NASDAQ: WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions, has announced its Q3 2024 earnings conference call set for November 13, 2024, at 4:30 PM ET. The call will be conducted online and will provide a detailed discussion on the company's performance, recent growth trends, and future outlook. Investors and analysts are invited to join the call to gain insights into Worksport's financial updates and growth prospects.
Worksport (NASDAQ: WKSP) announces an upgrade to its SOLIS solar tonneau cover technology, shifting to 60V output. This enhancement is expected to reduce consumer costs by up to $400 USD and increase compatibility with various battery generator systems. The upgrade comes during the Alpha release phase and includes key benefits such as broader market appeal, simplified integration, and maintained performance levels. A redesigned wireway management system is planned for completion by November's end. The company is preparing for influencer campaigns and live demonstrations to showcase the SOLIS Covers with COR & other battery systems, targeting the 60 million pickup trucks in the U.S. market.
Worksport (NASDAQ: WKSP) reports over 200% growth in B2B dealer account sales over the last four months across USA and Canada. The company has shipped hundreds of retail display units to dealers, achieving a 31% conversion rate for immediate orders. The company is also launching a pre-order campaign for its new AL4 Premium Tonneau Cover, attracting interest from major distributors. Notable achievements include strong performance in the Southwest region and first B2B order from Puerto Rico. With over 17,000 potential dealers in the U.S., Worksport aims to expand its market presence while maintaining aggressive pricing strategies.
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