Worksport ($WKSP) Expands Dealer Network, Exciting Growth Continues
Worksport .Worksport .(US:WKSP) Newsfile·2024-07-11 12:00

Strategic Growth and Market Potential - Worksport specializes in manufacturing tonneau covers for all major vehicle makes and models, targeting a market with over 20,000 dealers across North America [1] - The company aims to actively recruit dealers into the Worksport ecosystem through distribution and direct trade, with the launch of a new dealer webpage anticipated to drive sales and support year-end revenue targets of $6-8 million, a significant increase from approximately $1.5 million achieved in 2023 [9][10] Earnings Call and Upcoming Product Launches - Worksport's Q2 earnings will be reported in August, accompanied by the company's first live earnings call [2] - The company plans to soft launch the SOLIS solar cover and the COR portable energy system later this summer, with further updates expected [2] Product and Market Insights - The new dealer webpage is designed to streamline the process for dealers to access and purchase Worksport products, with early sales traction and dealer interest already evident [10] - Over 20 dealers received Worksport products in the last week, and more than 100 have expressed interest, indicating increasing demand for Worksport's offerings [11] - The tonneau cover market size is over 7 million covers per year, with Worksport's factory capable of producing over 900 covers daily, positioning the company for cash flow positivity and nine-figure revenues in the near term [11]