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Worksport (WKSP) Reports 30% Dealer Network Growth; Debuts AL4 Premium Tonneau Cover on E-Commerce Platform
WKSPWorksport .(WKSP) GlobeNewswire·2025-02-26 11:05

Core Insights - Worksport Ltd. has expanded its dealer network by 30% in the first two months of 2025 and has launched its AL4 Premium Tonneau Cover for direct purchase online [1][2][4] - The company has increased sales from 1.5millionin2023toarunrateofapproximately1.5 million in 2023 to a run rate of approximately 1 million per month in 2024, with expectations that the AL4 cover will be its best-selling product in 2025 [3][5] Sales and Product Launch - The AL4 Tonneau Cover features premium materials and design for enhanced durability and user-friendliness, with five models expected to be available by the end of February 2025 [2][4] - The company plans to introduce new models to the AL4 lineup every month, enhancing its direct-to-consumer sales strategy [2][5] Future Growth and Innovations - Worksport aims to leverage the success of the AL4 cover to support future product launches, including the SOLIS solar tonneau cover and the COR portable nano-grid system, which are planned for later in the year [4][5] - The expansion of the dealer network and the introduction of the AL4 cover are seen as critical steps in bolstering the company's revenue growth and shareholder value [5]