Core Insights - Worksport Ltd. aims for a 100% increase in monthly online sales, targeting $1 million in the near term, up from approximately $500,000 reported less than 60 days ago [2] - The company has expanded its manufacturing workforce by 30% to enhance production capacity and improve margins [1][2] - A second production shift is being added to support the launch of the higher margin AL4 tonneau cover scheduled for December [2][3] Sales and Financial Performance - Q3 2024 revenue surged to $3.12 million, representing a 581% year-over-year increase compared to $458,433 in Q3 2023 [5] - The company is on track to achieve cash flow positivity by 2025, with increasing margins expected [3][4] Product Development and Launches - The rollout of AL3 and AL4 tonneau covers is anticipated to significantly contribute to cash flow positivity in 2025 [4] - Upcoming launches include the SOLIS solar cover and COR portable energy system, expected by Q2/Q3 2025, which will further enhance revenue growth [4] Management Perspective - CEO Steven Rossi emphasized the importance of expanding plant staff and initiating a second production shift as pivotal steps toward improving margins and achieving EBITDA positivity [3]

Worksport Ltd. Retains Digital BD to Investigate Short Selling Activity; CEO Reaffirms Confidence with Personal Share Purchase at 44% Premium to MarketCompany Formally Addresses Unusual Trading Activity Amid Strong Growth Prospects and Upcoming Product ReleasesNovember 21, 2024 8:29 AM EST | Source: Worksport Ltd.West Seneca, New York--(Newsfile Corp. - November 21, 2024) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean ...

Worksport ($WKSP) Reports Significant 581% YoY Revenue Growth in Q3 2024, Eyes Record 2025Company Announces Consecutive Surge in Quarterly Revenues; Provides Positive Outlook for Fiscal Year 2025; Ongoing Expansion and New Product Lines Fuel MomentumNovember 13, 2024 4:17 PM EST | Source: Worksport Ltd.West Seneca, New York--(Newsfile Corp. - November 13, 2024) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy sol ...

Innovative Upgrade Reduces Consumer Costs by Up to $400 and Increases Compatibility Across Multiple Battery Generator Brands and Types West Seneca, New York, Oct. 31, 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 excited to announce a development for its advanced solar technology system. The Worksport SOLIS solar tonneau ...

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - October 29, 2024) - Investorideas.com, a go-to investing platform covering cleantech and automotive stocks releases an exclusive Cleantech Podcast interview with host Cali Van Zant talking to Steven Rossi, CEO of Worksport Ltd. (NASDAQ: WKSP). Listen to the podcast on Spreaker: https://www.spreaker.com/episode/why-reinvent-the-wheel-when-you-can-build-tonneau-covers-interviewwith-steven-rossi-of-worksport-ltd--62533696 Watch the episode on Y ...

Company Initiates Business with Hundreds of Dealers Across USA; New Model: AL4 Attracts IndustryLeading Distributors West Seneca, New York, Oct. 29, 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 thrilled to announce a significant milestone in its business-to-business (B2B) sales growth, and the newly initiated pre-order c ...

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - October 22, 2024) - Investorideas.com, a go-to investing platform covering cleantech and automotive stocks releases a sector snapshot looking at recent news and developments , featuring Worksport Ltd. (NASDAQ: WKSP), a company who through its subsidiaries, designs, develops, manufactures and owns the intellectual property on a variety of tonneau covers, solar integrations, portable energy storage systems and heat-pump technology. The Compan ...

Company Shares Strategic Plan; Prepares for Multiple Product Releases Aimed at Revenue Growth West Seneca, New York, Oct. 07, 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 today announced key strategic updates along with updates on upcoming product launches aiming to accelerate revenue growth. "Last year we had a million-dol ...

ISO Certification paves the way to OEM relationships which could include direct and indirect sales to global car makers such as Rivian, Tesla, Ford, General Motors, Hyundai, Honda, Stellantis, Nissan, and Toyota. West Seneca, New York, Sept. 30, 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 thrilled to announce that it is ...

New Nano-Grid System 'SOLIS' and 'COR' Stores 4,000Wh or more of Clean Energy Daily, Offering Modular, Portable Power Solutions for Vehicles, Jobsites, First Responders, Military, and Outdoor Enthusiasts. West Seneca, New York, Sept. 19, 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 excited to announce a major update on ...