Worksport Opens Investor Q&A Portal Ahead of Q2 2024 Financial Results
Worksport (NASDAQ: WKSP) has announced the establishment of a Q&A portal for enhanced investor engagement ahead of its Q2 2024 earnings call on August 13, 2024, at 4:30 PM ET. The call will cover Q2 financial results, sales trajectory, operational success, future plans, and product launches, including the COR & SOLIS systems. CEO Steven Rossi emphasized Q2 as a dynamic quarter marking the beginning of continued sales growth. He also stated that Worksport is undervalued and has much to share with investors. The company reported a 1,506% Q1 revenue surge and was recently awarded a $2.8 million grant. Worksport is focusing on achieving cash flow positivity, enhancing product margins, and expanding market presence with innovative products.
Worksport (NASDAQ: WKSP) ha annunciato l'istituzione di un portale Q&A per migliorare l'engagement degli investitori in vista della sua conferenza sui risultati del secondo trimestre 2024, che si terrà il 13 agosto 2024, alle 16:30 ET. La chiamata tratterà i risultati finanziari del Q2, la traiettoria delle vendite, il successo operativo, i piani futuri e i lanci di prodotto, inclusi i sistemi COR & SOLIS. Il CEO Steven Rossi ha sottolineato il Q2 come un trimestre dinamico che segna l'inizio di una continua crescita delle vendite. Ha inoltre dichiarato che Worksport è sottovalutata e ha molto da condividere con gli investitori. L'azienda ha riportato un aumento del fatturato del 1.506% nel Q1 e ha recentemente ricevuto una grants di $2.8 milioni. Worksport si sta concentrando sul raggiungimento della positività di flusso di cassa, migliorando i margini di prodotto e espandendo la presenza sul mercato con prodotti innovativi.
Worksport (NASDAQ: WKSP) ha anunciado el establecimiento de un portal de preguntas y respuestas para mejorar el compromiso de los inversores antes de su llamada de ganancias del segundo trimestre de 2024, que tendrá lugar el 13 de agosto de 2024, a las 4:30 PM ET. La llamada cubrirá los resultados financieros del Q2, la trayectoria de ventas, el éxito operativo, los planes futuros y los lanzamientos de productos, incluidos los sistemas COR & SOLIS. El CEO Steven Rossi enfatizó el Q2 como un trimestre dinámico que marca el comienzo de un crecimiento continuo en las ventas. También afirmó que Worksport está subestimada y tiene mucho que compartir con los inversores. La compañía reportó un aumento de ingresos del 1,506% en el Q1 y recientemente recibió una subvención de $2.8 millones. Worksport se enfoca en lograr una positividad de flujo de efectivo, mejorar los márgenes de productos y expandir su presencia en el mercado con productos innovadores.
웍스포츠 (NASDAQ: WKSP)는 2024년 2분기 실적 발표 전 투자자 참여 강화를 위한 Q&A 포털을 개설한다고 발표했습니다. 실적 발표는 2024년 8월 13일 오후 4시 30분 ET에 진행됩니다. 이 통화에서는 2분기 재무 결과, 판매 경향, 운영 성공, 향후 계획 및 제품 출시가 다뤄질 예정입니다. 여기에는 COR & SOLIS 시스템이 포함됩니다. CEO 스티븐 로시는 2분기가 지속적인 판매 성장을 시작하는 역동적인 분기임을 강조했습니다. 그는 또한 웍스포츠가 저평가되어 있으며 투자자와 공유할 것이 많다고 언급했습니다. 이 회사는 1분기 매출이 1,506% 증가했으며 최근 280만 달러의 보조금을 받았습니다. 웍스포츠는 현금 흐름 긍정화를 달성하고, 제품 마진을 개선하며, 혁신적인 제품으로 시장 존재감을 확대하는 데 집중하고 있습니다.
Worksport (NASDAQ: WKSP) a annoncé la création d'un portail de questions-réponses pour améliorer l'engagement des investisseurs avant sa conférence sur les résultats du deuxième trimestre 2024, qui aura lieu le 13 août 2024 à 16h30 ET. La conférence couvrira les résultats financiers du Q2, la trajectoire des ventes, le succès opérationnel, les plans futurs et les lancements de produits, y compris les systèmes COR & SOLIS. Le PDG Steven Rossi a souligné le Q2 comme un trimestre dynamique marquant le début d'une croissance continue des ventes. Il a également déclaré que Worksport est sous-évaluée et a beaucoup à partager avec les investisseurs. L'entreprise a signalé une augmentation de 1.506 % de son chiffre d'affaires au Q1 et a récemment reçu une subvention de 2,8 millions de dollars. Worksport s'efforce d'atteindre une rentabilité en trésorerie positive, d'améliorer les marges des produits et d'élargir sa présence sur le marché avec des produits innovants.
Worksport (NASDAQ: WKSP) hat die Einrichtung eines Q&A-Portals für eine verbesserte Anleger-Interaktion im Vorfeld der Telefonkonferenz zu den Geschäftszahlen für das 2. Quartal 2024 angekündigt, die am 13. August 2024 um 16:30 Uhr ET stattfinden wird. In der Konferenz werden die finanziellen Ergebnisse für das 2. Quartal, die Verkaufsentwicklung, operative Erfolge, zukünftige Pläne und Produktneueinführungen, einschließlich der COR & SOLIS Systeme, behandelt. CEO Steven Rossi betonte das Q2 als ein dynamisches Quartal, das den Beginn eines kontinuierlichen Verkaufswachstums markiert. Er erklärte auch, dass Worksport unterbewertet sei und viel mit den Investoren zu teilen habe. Das Unternehmen berichtete von einem Umsatzanstieg von 1.506% im Q1 und erhielt kürzlich einen Bescheid über eine Förderung von 2,8 Millionen Dollar. Worksport konzentriert sich darauf, eine positive Cashflow-Entwicklung zu erreichen, die Produktmargen zu verbessern und die Marktpräsenz mit innovativen Produkten auszubauen.
- 1,506% Q1 revenue surge reported
- Awarded $2.8 million grant
- Launching new products: COR & SOLIS systems
- Expanding dealer network
- Record-breaking May sales announced
- Awarded 'Innovator of the Year'
- Company believes it is undervalued, suggesting potential market underperformance
- Ongoing efforts to achieve cash flow positivity indicate current negative cash flow
Earnings Call to Feature Insights on Sales, Strategic Plans, and Key Product Developments
West Seneca, New York--(Newsfile Corp. - August 8, 2024) - 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 establishment of a Q&A portal to enhance investor engagement and transparency. This portal allows investors to submit questions to management both before and during the upcoming Q2 2024 earnings call. Scheduled for August 13, 2024, at 4:30 PM ET, the call will provide a detailed overview of the Company's advancing sales, future plans and guidance, and key product updates.
Invitation and Thanks to Investors
We extend our gratitude to all investors who have already registered for the event. For those who have not yet signed up, please join us by registering at the Earnings Call Webinar Link. We encourage both existing and new investors to participate in this pivotal update.
Boosting Transparency: Q&A Portal
To further our commitment to transparency, Worksport is launching a Q&A portal for investors to submit their questions ahead of the call. We will also host a live Q&A session during the event. To address as many inquiries as possible, we will release a press statement with public answers to the submitted questions after the earnings call. Submit your questions here and engage with us directly.
Key Topics and Insights
The earnings call will cover a wide range of critical topics, including:
- Q2 Financial Results: Commentary on our recent financial performance.
- Sales Trajectory: Updates on our sales momentum and market growth.
- Operational Success: Insights into our current operational ramp-up and strategic initiatives.
- Future Plans: Commentary on our roadmap towards cash flow positivity and improving product margins.
- Product Launches: Exciting announcements regarding our new products, including the highly anticipated COR & SOLIS systems.
CEO's Statement
"Q2 was an incredibly dynamic quarter and marks the beginning of Worksport's continued sales growth," said Steven Rossi, CEO of Worksport. "This earnings call is an opportunity to provide transparency on current operations, provide insights on future activities, and discuss our ongoing efforts to achieve cash flow positivity, enhance product margins, and expand our market presence with innovative products like COR & SOLIS."
"We firmly believe Worksport is undervalued, and we have a lot to share with investors," added Rossi.
Join Us for the Earnings Call [August 13th at 4:30pm ET]
Registration: Earnings Call Webinar Link
Q&A Portal: Submit Your Questions
2024 Key Press-Releases:
- August 1: Worksport Announces Impressive SOLIS Solar Cover Test Results
- July 30: Worksport to Drive Growth With new Live Sales Platform
- July 11: Worksport Expands Dealer Network
- June 20: Worksport Announces Record Breaking May Sales
- June 13: Worksport Awarded 'Innovator of the Year'
- May 16: Worksport Reports 1,
506% Q1 Revenue Surge - May 8: Worksport Awarded
$2.8M M Grant - April 25: Worksport Signals Undervalued Status, Eyes Major 2024 Growth
- March 18:
$2.8M M Direct Offering Priced At-The-Market. - March 6: Worksport to Launch Innovative SOLIS & COR Products This Summer
Read all Worksport press releases: [Link to All Press Releases].
Stay Connected
- Investor Newsletter: Investors and customers are invited to follow Worksport's progress as it builds on this momentum and strives to redefine industry standards with each new corporate development. Link to Newsletter
- Contact Information
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128
W: investors.worksport.com E: investors@worksport.com W: 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, 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 RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. 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 | LinkedIn |
| YouTube | 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, Securities and Exchange Commission ("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:
Steven Obadiah, 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," "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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219236
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