Worksport Delivers Record Production With 100%+ Margin Growth as Revenue Tracks Toward $20M Milestone Ahead of Clean-Tech Product Launch
Worksport (NASDAQ: WKSP), a U.S. manufacturer of truck solutions, reported significant operational achievements, including a 50% increase in monthly production and 100% improvement in gross margins over the past five months. The company's distribution network expanded from 94 to over 550 dealers, while gross margins improved from 11% to 23% in May 2025.
After generating revenues of $1.5M in 2023 and $8.5M in 2024, Worksport is projected to reach $20M in revenue for 2025. The company is preparing to launch its SOLIS solar-integrated tonneau cover and COR portable nano-grid system in Fall 2025, targeting a $13B market. A major U.S. construction company has already selected these products for a paid pilot project.
Worksport (NASDAQ: WKSP), produttore statunitense di soluzioni per camion, ha annunciato importanti risultati operativi, tra cui un aumento del 50% nella produzione mensile e un raddoppio dei margini lordi negli ultimi cinque mesi. La rete di distribuzione dell'azienda è cresciuta da 94 a oltre 550 concessionari, mentre i margini lordi sono passati dall'11% al 23% a maggio 2025.
Dopo aver registrato ricavi di 1,5 milioni di dollari nel 2023 e 8,5 milioni nel 2024, Worksport prevede di raggiungere 20 milioni di dollari di fatturato nel 2025. L'azienda si prepara a lanciare in autunno 2025 il copertura tonneau solare integrata SOLIS e il sistema nano-grid portatile COR, puntando a un mercato da 13 miliardi di dollari. Una grande società edile statunitense ha già selezionato questi prodotti per un progetto pilota a pagamento.
Worksport (NASDAQ: WKSP), fabricante estadounidense de soluciones para camiones, reportó logros operativos significativos, incluyendo un incremento del 50% en la producción mensual y una mejora del 100% en los márgenes brutos en los últimos cinco meses. La red de distribución de la empresa creció de 94 a más de 550 concesionarios, mientras que los márgenes brutos mejoraron del 11% al 23% en mayo de 2025.
Tras generar ingresos de 1.5 millones de dólares en 2023 y 8.5 millones en 2024, Worksport proyecta alcanzar 20 millones de dólares en ingresos para 2025. La compañía se prepara para lanzar en otoño de 2025 la cubierta tonneau integrada con energía solar SOLIS y el sistema nano-red portátil COR, apuntando a un mercado de 13 mil millones de dólares. Una importante empresa de construcción estadounidense ya ha seleccionado estos productos para un proyecto piloto pagado.
Worksport (NASDAQ: WKSP)는 미국의 트럭 솔루션 제조업체로, 지난 5개월 동안 월간 생산량 50% 증가와 총이익률 100% 향상이라는 중요한 운영 성과를 보고했습니다. 회사의 유통망은 94개에서 550개 이상의 딜러로 확대되었으며, 총이익률은 11%에서 2025년 5월 기준 23%로 개선되었습니다.
2023년에 150만 달러, 2024년에 850만 달러의 매출을 기록한 Worksport는 2025년에 2,000만 달러 매출 달성을 목표로 하고 있습니다. 회사는 2025년 가을에 SOLIS 태양광 통합 톤오 커버와 COR 휴대용 나노 그리드 시스템을 출시할 준비를 하고 있으며, 130억 달러 시장을 겨냥하고 있습니다. 한 대형 미국 건설 회사가 이미 이 제품들을 유료 파일럿 프로젝트에 선정했습니다.
Worksport (NASDAQ : WKSP), fabricant américain de solutions pour camions, a annoncé des résultats opérationnels majeurs, notamment une augmentation de 50 % de la production mensuelle et une amélioration de 100 % des marges brutes au cours des cinq derniers mois. Le réseau de distribution de l'entreprise est passé de 94 à plus de 550 concessionnaires, tandis que les marges brutes sont passées de 11 % à 23 % en mai 2025.
Après avoir généré un chiffre d'affaires de 1,5 million de dollars en 2023 et de 8,5 millions en 2024, Worksport prévoit d'atteindre 20 millions de dollars de revenus en 2025. La société se prépare à lancer à l'automne 2025 la couverture de tonneau intégrée solaire SOLIS et le système nano-réseau portable COR, ciblant un marché de 13 milliards de dollars. Une grande entreprise de construction américaine a déjà sélectionné ces produits pour un projet pilote payant.
Worksport (NASDAQ: WKSP), ein US-amerikanischer Hersteller von Lkw-Lösungen, meldete bedeutende operative Erfolge, darunter eine 50% Steigerung der monatlichen Produktion und eine 100% Verbesserung der Bruttomargen in den letzten fünf Monaten. Das Vertriebsnetz des Unternehmens wuchs von 94 auf über 550 Händler, während sich die Bruttomargen von 11% auf 23% im Mai 2025 verbesserten.
Nach Umsätzen von 1,5 Mio. USD im Jahr 2023 und 8,5 Mio. USD im Jahr 2024 wird für 2025 ein Umsatz von 20 Mio. USD erwartet. Das Unternehmen bereitet die Markteinführung der SOLIS solarintegrierten Laderaumabdeckung und des COR tragbaren Nano-Netzsystems im Herbst 2025 vor und zielt auf einen 13-Milliarden-Dollar-Markt ab. Ein großes US-Bauunternehmen hat diese Produkte bereits für ein kostenpflichtiges Pilotprojekt ausgewählt.
- Monthly production volume increased 50% since March 2025
- Gross margins improved from 11% to 23%, expected to exceed 30% by year-end
- Dealer network expanded nearly 6x from 94 to over 550
- Revenue projected to grow from $8.5M in 2024 to $20M in 2025
- Top 15 U.S. construction company selected SOLIS & COR for paid pilot
- U.S.-based manufacturing provides protection from foreign tariffs
- Current demand outpacing supply capacity
- Production expansion may require additional resources and investment
Insights
Worksport's operational transformation drives 50% production surge and 100%+ margin growth, positioning for $20M revenue and clean-tech expansion.
Worksport's recent performance represents a significant operational transformation with production volumes increasing 50% since March 2025 and gross margins more than doubling from 11% in Q4 2024 to over 23% in May 2025. The company expects margins to exceed 30% by year-end.
Revenue trajectory shows remarkable acceleration:
Distribution capacity has expanded dramatically, with dealer network growing from 94 in Q4 2024 to over 550 today – nearly a six-fold increase. This expanded footprint creates a powerful sales multiplier effect as single-order dealers convert to recurring partners.
Margin expansion stems from four key drivers: increased factory utilization, growth in higher-margin direct-to-consumer sales, strategic focus on premium branded products, and operational leverage from their ISO-certified facility. This efficiency improvement is particularly notable as production increases haven't required proportional headcount growth.
The
With demand consistently outpacing supply and the upcoming launch of SOLIS solar tonneau cover and COR portable power system targeting a
West Seneca, New York, July 07, 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, announced today a transformational leap in performance—achieving a
Record Production Surge Sets the Stage for Strong Growth
In May 2025, Worksport produced more units than it did during the entire third quarter of 2024, setting a new monthly production record. This was achieved without adding proportional headcount, signaling a notable increase in operational efficiency.
With demand accelerating every month and orders consistently outpacing supply, the Company is evaluating an expanded production schedule. Worksport’s operational agility is supported by a
Dealer momentum has surged, with the Company’s distribution footprint growing nearly six-fold—from 94 dealers in Q4 2024 to over 550 today. Many small sample orders have scaled into full recurring partnerships, fueling an aggressive growth flywheel.
Margin Expansion Powers Path To Profitability
“Our ability to double gross margins while boosting production by
Gross margin has soared from
A Fundamentally Transformed Business
Following revenues of
Worksport’s hard covers are Made in America, with predominantly American domestic materials, largely reducing the impact of the Trump administration’s current tariff policies—especially those expected under President Trump’s recently passed “Big Beautiful Bill” targeting imported goods. The Company’s U.S.-based supply chain strategy provides insulation from rising foreign material costs, aligning with national efforts to bolster domestic manufacturing.
Rossi added, “We are manufacturing more, putting out higher quality product utilizing framework of our recent ISO certification, growing margins, expanding our dealer footprint, and preparing for a clean-tech product launch that could redefine our future. In our view, 2025 is not just a strong year—it’s a pivotal turning point, which will lead to transformative years ahead.”
Clean-Tech Revolution Incoming: SOLIS & COR Launching Fall 2025
All signs indicate a major inflection point for the Company as it prepares to launch its SOLIS solar-integrated tonneau cover and COR portable nano-grid power system this Fall. Designed to serve a combined
In a powerful validation example, a top 15 U.S. construction company has selected the SOLIS & COR duo for a paid pilot project, substantiating both market interest and product innovation.
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
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.
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FAQ
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