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Bloomberg· 2025-07-08 22:12
Lens Technology, a Chinese manufacturer of touch-screen covers for Apple's iPhone, will begin trading in Hong Kong on Wednesday after its HK$4.8 billion ($607 million) debut stock offering in the city https://t.co/FTeBQdumug ...
Worksport Reports Consecutive Months of Record-Breaking Revenues, Gross Margin Improves by 25%
Globenewswire· 2025-06-23 12:35
Company Reports All-Time-High Revenue in May 2025 (Following Record April 2025 Sales) as Gross Margins Rise 25% from Q1 2025 Levels; Growth Momentum Expected to Continue West Seneca, New York, June 23, 2025 (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 that May 2025 sales reached $1.28 million, marking the Compan ...
Swap Swiping for Swimming
Globenewswire· 2025-06-11 14:12
Research Reveals How a Backyard Pool Can Help Kids Unplug and Dive Into Life Latham encourages families to swap swiping for swimming Kids jumping in pool LATHAM, N.Y., June 11, 2025 (GLOBE NEWSWIRE) -- Screen time in American adolescents is on the rise, with studies showing that children aged 8 to 12 spend an average of 4 to 6 hours per day in front of a smartphone, TV, gaming system, or other type of screen1. For teenagers, that number is even higher, clocking in at up to 9 hours per day. Unfortunately ...
Worksport Secures Second National Distributor & Projects $21.5M in Repeatable B2B Revenue
Globenewswire· 2025-06-10 13:00
Core Insights - Worksport Ltd. has expanded its dealer network to over 550 locations in the U.S., marking a nearly 6x increase since the beginning of 2025 [2][3] - The company anticipates significant growth in recurring revenue, projecting it to exceed $21.5 million annually at full activation of its dealer channels [4][5] - Management has reaffirmed full-year 2025 revenue guidance of $20-$25 million, representing a 2.5-3x increase year-over-year [6] Dealer Network Expansion - The addition of a second national automotive distributor has contributed to the rapid expansion of Worksport's dealer network [2][3] - The recent agreement adds approximately 250 dealer accounts, following a previous partnership that brought over 200 dealers [3] - As of now, Worksport actively sells to 187 of its 550 dealer partners, with new accounts joining weekly [4] Revenue Projections - The company estimates that its dealer channels can support over $21.5 million in annual repeatable revenue, driven by B2B traction and demand for its products [5] - The revenue potential reflects current scale and is expected to grow as dealer onboarding continues [5] - The anticipated revenue growth is supported by strong dealer adoption and increasing gross margins across all sales channels [6] Product Launch and Market Positioning - Worksport is preparing for the Fall 2025 commercial launch of its SOLIS solar-integrated tonneau cover and COR portable energy storage system, which are expected to unlock new revenue streams [9] - The company is focused on capturing greater market share and enhancing operational efficiencies, aiming for sustainable profitability and positive cash flow in fiscal 2025 and beyond [10] - Worksport's strategic focus on supporting U.S. retailers with American-made products is validated by the growing demand for high-quality truck accessories [7]
Latham Group (SWIM) FY Conference Transcript
2025-06-05 14:40
Latham Group (SWIM) FY Conference June 05, 2025 09:40 AM ET Speaker0 Morning, everyone. Thanks for being here. This is the SWIM presentation, Latham. Before we begin, I need to remind you that a complete list of disclosures and conflicts of interest is available on our website. I'm Ryan Merkel. I cover building products at William Blair. With us today is Oliver Glow, CFO of Latham. For those that don't know the company, Latham is a leading producer of inground residential pools specializing in fiberglass po ...
Latham Group (SWIM) FY Earnings Call Presentation
2025-06-05 14:27
Investor Presentation William Blair Growth Stock Conference June 2025 Forward-looking Statements Certain statements in this presentation constitute forward-looking statements under federal securities laws. These forward-looking statements reflect our views with respect to future events and financial performance as of the date of this presentation or otherwise specified herein. Actual events and results may differ materially from those contemplated by such forward-looking statements due to risks and other fa ...
Worksport Secures ISO 9001 Certification at U.S. Factory, Unlocking Revenue & OEM Growth Pathways
Globenewswire· 2025-05-28 11:00
Prestigious Global Certification Expected to Accelerate Strategic Supply Relationships with Major Auto OEMs and Distributors West Seneca, New York, May 28, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based innovator and manufacturer of premium tonneau covers and clean-energy solutions, proudly announces that its U.S. production facility has officially achieved ISO 9001:2015 certification. This milestone strengthens Worksport's manufacturing credentials and i ...
Worksport Ltd. Reports Q1 2025 Results: 337% Revenue Growth and 157% Margin Expansion Year-over-Year
Globenewswire· 2025-05-15 20:00
Company Forecasts Detailed Revenue Guidance with Cash Flow Positive Objectives West Seneca, New York, May 15, 2025 (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 its financial results for the fiscal quarter ending March 31, 2025. Building off positive traction in gross margins and a notable growth forecast for ye ...
Worksport Announces First Quarter 2025 Earnings Release Date and Conference Call Details
Globenewswire· 2025-05-12 20:30
West Seneca, New York, May 12, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today announced that it will release its financial results for the first quarter fiscal year 2025, on Thursday, May 15, 2025, after market closes. Webcast Registration Investors, analysts, and media are invited to register in advance for ...
Latham (SWIM) - 2025 Q1 - Earnings Call Transcript
2025-05-06 21:32
Latham Group (SWIM) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Casey Kotary - DirectorScott Rajeski - President & Chief Executive OfficerOliver Gloe - Chief Financial OfficerRyan Merkel - Co-Group Head–IndustrialsW. Andrew Carter - Vice PresidentAnika Dholakia - AVP - Equity ResearchSean Callan - Community Relations Manager Conference Call Participants Robert Schultz - AnalystGreg Palm - Senior Research Analyst Operator Good day, and welcome to the Latham Group Inc. First Quarter tw ...