Worksport Ltd. ($WKSP) Shares Enhanced Strategic Vision & Opportunity on New and Improved Investor Relations Website
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) ha lanciato un nuovo sito web per le relazioni con gli investitori che presenta la loro visione strategica mirata a un mercato da 13 miliardi di dollari. L'azienda ha registrato una crescita significativa con un aumento delle vendite del 581% anno su anno nel terzo trimestre e prevede di lanciare tre nuovi prodotti nel 2025, tra cui il copertura AL4, il copertura solare SOLIS e il sistema di alimentazione mobile COR.
L'azienda ha ricevuto ordini anticipati per la sua copertura AL4 da due importanti distributori e si aspetta che il suo business di coperture raggiunga un fatturato a 9 cifre nei prossimi anni. Le recenti conquiste includono una crescita delle vendite del 51% B2C e del 60% B2B a novembre, un aumento della capacità produttiva del 30% e risparmi previsti superiori a 2 milioni di dollari grazie a nuove iniziative strategiche.
Worksport (NASDAQ: WKSP) ha lanzado un nuevo sitio web de relaciones con inversores que presenta su visión estratégica enfocada en un mercado de 13 mil millones de dólares. La empresa reportó un crecimiento significativo con un aumento de ventas del 581% interanual en el tercer trimestre y planea lanzar tres nuevos productos en 2025, incluyendo la cubierta AL4, la cubierta solar SOLIS y el sistema de energía móvil COR.
La empresa ha asegurado pedidos anticipados para su cubierta AL4 de dos distribuidores importantes y espera que su negocio de cubiertas alcance ingresos de 9 cifras en los próximos años. Los logros recientes incluyen un crecimiento de ventas del 51% B2C y del 60% B2B en noviembre, un aumento del 30% en la capacidad de producción y un ahorro proyectado de más de 2 millones de dólares gracias a nuevas iniciativas estratégicas.
워크스포츠 (NASDAQ: WKSP)는 130억 달러 시장 목표의 전략적 비전을 담은 새로운 투자자 관계 웹사이트를 출시했습니다. 회사는 3분기 연간 581%의 판매 증가를 보고했으며, 2025년에 AL4 토노우 커버, SOLIS 태양광 토노우 커버 및 COR 모바일 전원 시스템 등 3개의 신제품을 출시할 계획입니다.
회사는 두 개의 주요 유통업체로부터 AL4 토노우 커버에 대한 사전 주문을 확보했으며, 향후 몇 년 내에 토노우 커버 사업의 수익이 9자리 수에 이를 것으로 기대하고 있습니다. 최근 성과에는 11월 B2C 판매 51% 및 B2B 판매 60% 증가, 생산 능력 30% 증가 및 새로운 전략적 이니셔티브로 인해 200만 달러 이상의 예상 절감이 포함됩니다.
Worksport (NASDAQ: WKSP) a lancé un nouveau site web pour les relations avec les investisseurs présentant sa vision stratégique visant un marché de 13 milliards de dollars. L'entreprise a signalé une croissance significative avec une augmentation des ventes de 581% d'une année sur l'autre au troisième trimestre et prévoit de lancer trois nouveaux produits en 2025, y compris la couverture AL4, la couverture solaire SOLIS, et le système d'alimentation mobile COR.
L'entreprise a sécurisé des précommandes pour sa couverture AL4 auprès de deux grands distributeurs et s'attend à ce que son activité de couvertures atteigne un revenu à 9 chiffres dans les prochaines années. Les réussites récentes incluent une croissance des ventes de 51% B2C et de 60% B2B en novembre, une augmentation de la capacité de production de 30%, et des économies projetées de plus de 2 millions de dollars grâce à de nouvelles initiatives stratégiques.
Worksport (NASDAQ: WKSP) hat eine neue Investor-Relations-Website gestartet, die ihre strategische Vision für einen Markt von 13 Milliarden Dollar präsentiert. Das Unternehmen berichtete von einem signifikanten Wachstum mit einem Umsatzanstieg von 581% im Jahresvergleich im 3. Quartal und plant, 2025 drei neue Produkte einzuführen, darunter die AL4-Abdeckung, die SOLIS-Solarabdeckung und das COR-Mobilstromsystem.
Das Unternehmen hat Vorbestellungen für seine AL4-Abdeckung von zwei großen Distributoren gesichert und erwartet, dass das Abdeckgeschäft in den nächsten Jahren 9-stellige Umsätze erreichen wird. Zu den jüngsten Entwicklungen gehören 51% B2C- und 60% B2B-Umsatzwachstum im November, eine Produktionskapazitätssteigerung von 30% und prognostizierte Einsparungen von über 2 Millionen Dollar durch neue strategische Initiativen.
- 581% year-over-year sales growth in Q3 2023
- 51% B2C and 60% B2B sales growth in November
- 30% increase in production capacity
- $2MM+ projected savings from strategic initiatives
- Pre-orders secured for AL4 tonneau cover from two major distributors
- $2.8MM grant awarded
- Nasdaq compliance issues requiring extension
- Ongoing investigation into short selling activities
Insights
“Worksport’s Road to a
West Seneca, New York, Dec. 18, 2024 (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, is pleased to announce the launch of its new investor relations (“IR”) website. This enhanced platform provides shareholders, analysts, and prospective investors with up-to-date information on the Company’s initiatives, growth milestones, and strategic direction. The site also features a must-watch video presentation titled “Worksport’s Road to a
New Website: https://investors.worksport.com.
Empowering Investors with Information
In addition to the enhanced strategic vision, Worksport’s new IR website is designed to deliver an immersive and transparent investor experience. Visitors can access the Company’s latest press releases, financial reports, SEC filings, corporate presentations, and a growing library of video content. Investors are highly encouraged to join Worksport’s investor newsletter—a valuable channel for receiving timely updates, strategic insights, and invitations to upcoming events.
Chief Executive Officer Commentary
“Worksport is expanding on all fronts—from a proactive cryptocurrency strategy involving Bitcoin (BTC) and Ripple (XRP), to
Upcoming Product Launches: The Company’s forthcoming AL4 tonneau cover has already secured pre-orders from two leading industry distributors. With the AL4’s scheduled launch approaching, Worksport expects to capture greater market share. Following the AL4, cover, the Company will introduce its SOLIS solar tonneau cover and COR mobile power generation system later in 2025, expanding its portfolio of clean-tech innovations designed to meet the growing need for sustainable energy solutions.
Key 2024 Press-Releases
- December 9: Worksport Shares Fox & Friends Live Appearance
- December 6: Worksport Shares
51% B2C and60% B2B Sales Growth in November - December 5: Worksport Adopts Changes To Corporate Treasury
- November 22: Worksport Announces
30% Increase in Production Capacity - November 21: CEO Insider Purchase; Worksport Investigates Short Selling
- October 29:
200% Growth in B2B Sales; Pre-Order Campaign Initiated For AL4 - October 17: Nasdaq Grants Extension To Regain Compliance
- October 17:
$2M M+ Projected Savings From New Strategic Initiative - September 30: Update On ISO Certification
- September 19: Alpha Launch of SOLIS & COR
- September 11: Worksport COR as an EV Range Extender for Tesla Model 3
- August 14: Record High Revenues;
275% Q2 Growth - May 8: Worksport Awarded
$2.8M M Grant
Read all Worksport press releases: [Link to All Press Releases].
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, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. 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 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 NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.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. 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.
| Product social media | Investor social media |
| X (formerly Twitter) | |
| Facebook YouTube | LinkedIn Link to Newsletter |
Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, 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.
For additional information, please contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com
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,” “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 condition 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 Securities and Exchange Commission (“SEC”), including, without limitation, our 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.
Worksport acknowledges the inherent risks of investing in cryptocurrency, including market volatility and regulatory uncertainties, and is committed to managing these risks through oversight and diversification strategies. The decision to pursue this investment has been reviewed and approved by the Board of Directors of Worksport and complies with the Company’s corporate governance policies.
FAQ
What are Worksport's (WKSP) projected revenue targets for its tonneau cover business?
What new products is Worksport (WKSP) launching in 2025?
What was Worksport's (WKSP) sales growth in Q3 2023?
How much cost savings does Worksport (WKSP) project from its new strategic initiatives?
What was Worksport's (WKSP) B2B and B2C sales growth in November 2023?
