Core Insights - Worksport Ltd. has achieved a 50% increase in monthly production volume since March 2025 and over 100% improvement in gross margins over the past five months, driven by increasing demand [1][4] - The company set a new monthly production record in May 2025, producing more units than in the entire third quarter of 2024, indicating significant operational efficiency [2] - Worksport's distribution network has expanded nearly six-fold, from 94 dealers in Q4 2024 to over 550, with many small orders evolving into full partnerships [3] Production and Efficiency - The company is evaluating an expanded production schedule due to accelerating demand and orders consistently outpacing supply [3] - The operational efficiency is further supported by a $2.8 million job creation grant awarded in 2024 [3] - Gross margin has increased from 11% in Q4 2024 to over 23% in May 2025, with projections to exceed 30% by year-end [4] Financial Performance - Worksport's revenues were $1.5 million in 2023 and $8.5 million in 2024, with expectations to surpass $20 million in 2025 [5] - The company aims to grow its tonneau cover business to over $100 million annually in the short term, with potential for its upcoming products to exceed that [5] Product Development and Market Strategy - The company is preparing to launch the SOLIS solar-integrated tonneau cover and COR portable nano-grid power system in Fall 2025, targeting a combined $13 billion market [7] - A top 15 U.S. construction company has selected the SOLIS & COR for a paid pilot project, indicating strong market interest [8] Supply Chain and Manufacturing - Worksport's products are predominantly made in America, reducing the impact of tariffs and aligning with domestic manufacturing efforts [6] - The company emphasizes its commitment to supporting brick-and-mortar resellers while maintaining modest margins on dealer sales [4]

Group 1 - Hybrid Power Solutions Inc. has announced a new dealer agreement with One Stop Truck & Equipment to distribute its portable power systems [1][2] - The agreement allows One Stop to utilize Hybrid's battery technology, including the Batt Pack and Batt Pack Jupiter, to provide sustainable power solutions [2] - This partnership aims to enhance the adoption of clean energy solutions in California and supports both companies' commitment to environmental sustainability [3] Group 2 - Hybrid Power Solutions specializes in developing portable power systems that eliminate the need for fossil fuels, focusing on off-grid and remote applications [4] - The company is listed on the Canadian Securities Exchange under the symbol "HPSS" and is committed to leading the clean energy transition through technological innovation [4] - One Stop Truck & Equipment is a trusted provider of truck and equipment solutions, serving various industries with high-quality products [5]

Core Insights - Worksport Ltd. has reported a significant increase in revenue and is targeting cash flow positive operations by year-end 2025 [1][3][6] Financial Performance - For Q1 2025, Worksport reported net sales of $2.24 million, a 337% increase from $512,000 in Q1 2024 [6] - Gross margin improved to approximately 18%, up from 7% in Q1 2024 and 11% in Q4 2024, with a target of 25-30% gross margins by year-end 2025 [6][9] - The company recorded a net loss of $4.46 million for Q1 2025, compared to a net loss of $3.71 million in Q1 2024 [9] Revenue Guidance - Worksport is projecting full-year revenue guidance of $20 million to $25 million for 2025, indicating a 2.5x to 3x increase over 2024 results [3][6] - The company anticipates strong sequential growth in Q2 2025, driven by the launch of its high-margin AL4 cover [6] Working Capital and Assets - As of the end of Q1 2025, Worksport reported a working capital balance of $7.94 million, with $5.1 million in cash availability [6][8] - Total assets increased to $26.66 million as of March 31, 2025, compared to $25.74 million at the end of 2024 [8] Future Outlook - The company aims to achieve cash flow breakeven by year-end 2025, supported by a stronger margin profile and operational leverage [6] - Preliminary outlook for 2026 includes sustained double-digit revenue growth and first full-year profitability, driven by expanded product availability and market share [6]

Core Viewpoint - Worksport Ltd. is participating in the D. Boral Capital Inaugural Global Conference on May 14, 2025, in New York City, which is expected to attract investors and feature keynote speaker Kevin O'Leary [1][2]. Company Overview - Worksport Ltd. (NASDAQ: WKSP) designs, develops, manufactures, and owns intellectual property for various products, including tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions [3]. - The company has a partnership with Hyundai for the SOLIS Solar cover and offers a hard-folding cover compatible with all major truck models, gaining traction in the electric vehicle sector [3]. - Worksport aims to leverage the growing consumer shift towards clean energy with its proprietary solar solutions, mobile energy storage systems, and Cold-Climate Heat Pump technology [3]. D. Boral Capital Overview - D. Boral Capital LLC is an investment bank based in New York, providing advisory and financing solutions to middle market and emerging growth companies [4]. - The firm has a strong track record, having aggregated over $25 billion in capital across approximately 350 transactions [5].

Core Insights - Worksport Ltd. has reported significant growth in its dealer network and B2B sales, indicating strong market adoption of its U.S.-made AL4 tonneau cover [2][4][7] - The company emphasizes the advantages of manufacturing in the U.S., including mitigating tariff risks and supporting American jobs, which resonates well with dealers [7][8] Dealer Network and Sales Growth - The dealer network has expanded by 64%, increasing from 92 dealers at the end of 2024 to 151 active dealers [7] - March 2025 B2B sales grew nearly 70% compared to February, highlighting robust demand for the AL4 cover [7] - Worksport added 35 new dealer accounts in March, following 24 additions in January and February, showcasing a strong growth trajectory [7] Strategic Initiatives - The company plans to further expand its dealer network by partnering with distributors and purchasing groups that prioritize American-made quality [5] - Worksport aims to launch new products, including the SOLIS solar-integrated tonneau cover and COR modular portable energy system, to capture additional revenue streams in sustainable power solutions [12] - Management is focused on achieving cash-flow positivity through B2B growth, direct-to-consumer sales, and disciplined cost control [12]