Worksport .(US:WKSP) GlobeNewswire·2025-09-04 12:50Core Insights - Worksport Ltd. is experiencing significant growth and innovation in the clean energy sector, with a focus on hybrid and clean energy solutions for light trucks and consumer goods markets [1][5] Financial Performance - Q2 2025 revenue reached $4.10 million, representing a 114% year-over-year increase and an 83% quarter-over-quarter increase, marking the highest quarter in the company's history [5] - Gross margin improved from 11% in Q4 2024 to 26% in Q2 2025, with expectations to exceed 30% by year-end [5] Dealer Network Expansion - The company has added over 450 new dealer accounts year-to-date, with full activation supporting approximately $21.5 million in annual repeatable revenue potential, excluding business-to-consumer sales [5] Manufacturing and Production - U.S. manufacturing in West Seneca, NY is scaling production to approximately 200 units per day, providing advantages in quality, tariff resilience, and competitive cost structure compared to offshore production [5] Product Innovation - Upcoming product launches include the HD3 heavy-duty tonneau cover in Q3 2025, the SOLIS solar-integrated tonneau cover, and the COR portable power system in Q4 2025, which together form a modular "nano-grid" energy solution [5] - The AetherLux cold-climate heat pump, capable of operating at temperatures as low as -51°C (-59.6°F), is advancing to commercial testing and is expected to be a major growth driver in 2026 [5] Strategic Partnerships - Worksport has an active partnership with Hyundai for the SOLIS Solar cover, enhancing its product offerings in the clean energy space [4]