2026 outlook driven by $27M-$35M in tonneau cover sales, with additional major contributions anticipated from upcoming launches of the SOLIS solar-integrated tonneau cover and COR battery system. West Seneca, New York, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based innovator in advanced manufacturing and distributed clean energy technologies, serving both consumer and industrial markets, today announced financial results for the quarter ended Se ...

Core Insights - Worksport reported record quarterly revenue and gross profit for Q3 2025, with revenue of $5.02 million, a 62% increase year-over-year, but slightly below the analyst consensus estimate of $5.58 million [1] - Gross profit surged 548% year-over-year to $1.60 million, with a gross margin expansion of 2,310 basis points to 31% [2] Financial Performance - Quarterly revenue increased by 22% from the previous quarter [1] - Gross profit rose 48.1% from the prior quarter, indicating strong operational performance [2] - The company produced 8,600 units in the quarter, up from 6,000 in Q2 and 4,300 in Q1 [2] Future Outlook - The U.S. tonneau cover factory is projected to achieve over $100 million in annual revenue without additional investment [3] - CEO Steven Rossi emphasized significant margin and revenue growth achieved prior to the launch of next-generation products, indicating a positive trajectory for the company [3] Stock Performance - Worksport shares were down 3.23% at $3.30, nearing a 52-week low of $2.44 [4]