subslover
4 days ago
Worksport Ltd. ($WKSP) Shares Enhanced Strategic Vision & Opportunity on New and Improved Investor Relations Website
“Worksport’s Road to a $13B Target Market” Underscores the Company’s Growth Strategy, Clean-Tech Innovations, and Expanding Operations
West Seneca, New York, Dec. 18, 2024 (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, is pleased to announce the launch of its new investor relations (“IR”) website. This enhanced platform provides shareholders, analysts, and prospective investors with up-to-date information on the Company’s initiatives, growth milestones, and strategic direction. The site also features a must-watch video presentation titled “Worksport’s Road to a $13B Target Market,” offering new insights into how Worksport anticipates evolving into a leading clean-tech player through groundbreaking products like the SOLIS solar tonneau cover and the COR mobile power system.
New Website: https://investors.worksport.com.
Empowering Investors with Information
In addition to the enhanced strategic vision, Worksport’s new IR website is designed to deliver an immersive and transparent investor experience. Visitors can access the Company’s latest press releases, financial reports, SEC filings, corporate presentations, and a growing library of video content. Investors are highly encouraged to join Worksport’s investor newsletter—a valuable channel for receiving timely updates, strategic insights, and invitations to upcoming events.
Chief Executive Officer Commentary
“Worksport is expanding on all fronts—from a proactive cryptocurrency strategy involving Bitcoin (BTC) and Ripple (XRP), to 581% year-over-year sales growth in Q3, to the launch of three new products coming in 2025,” said Steven Rossi, Chief Executive Officer of Worksport Ltd. “We believe Worksport’s tonneau cover business is headed towards 9-figures in revenue within the next few years, while the SOLIS and COR systems tap into additional multi-billion-dollar markets. With this integrated approach, we aim to grow the overall business into a 10-figure continually expanding brand powered by innovative, sustainable technologies. We plan to kick the year off strong in January, and I could not be more excited for the next few years.”
Upcoming Product Launches: The Company’s forthcoming AL4 tonneau cover has already secured pre-orders from two leading industry distributors. With the AL4’s scheduled launch approaching, Worksport expects to capture greater market share. Following the AL4, cover, the Company will introduce its SOLIS solar tonneau cover and COR mobile power generation system later in 2025, expanding its portfolio of clean-tech innovations designed to meet the growing need for sustainable energy solutions.
Key 2024 Press-Releases
December 9: Worksport Shares Fox & Friends Live Appearance
December 6: Worksport Shares 51% B2C and 60% B2B Sales Growth in November
December 5: Worksport Adopts Changes To Corporate Treasury
November 22: Worksport Announces 30% Increase in Production Capacity
November 21: CEO Insider Purchase; Worksport Investigates Short Selling
October 29: 200% Growth in B2B Sales; Pre-Order Campaign Initiated For AL4
October 17: Nasdaq Grants Extension To Regain Compliance
October 17: $2MM+ Projected Savings From New Strategic Initiative
September 30: Update On ISO Certification
September 19: Alpha Launch of SOLIS & COR
September 11: Worksport COR as an EV Range Extender for Tesla Model 3
August 14: Record High Revenues; 275% Q2 Growth
May 8: Worksport Awarded $2.8MM Grant
Read all Worksport press releases: [Link to All Press Releases].
About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.com.
subslover
1 week ago
Worksport Ltd. ($WKSP) Shares Multiple Milestones, Strengthens Market Position as Initial Crypto (BTC and XRP) Investment Nears
Reports 117% Dealer Network Growth, Secures Initial Pre-Orders from Leading Distributors, and Advances BTC/XRP Integration
West Seneca, New York, Dec. 13, 2024 (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 provided a corporate update for December 2024. From accelerated sales, pre-orders, and expanding dealer networks, to establishing a proactive strategy in treasury management by incorporating Bitcoin (“BTC”) and Ripple (“XRP”), Worksport is excited to share the latest updates.
Driving Growth Through Strategic Initiatives
Worksport’s recent success reflects a series of strategic initiatives that have generated meaningful traction and interest. The Company’s move to proactively diversify its corporate treasury—allocating up to $5 million in Bitcoin and Ripple, capped at 10% of excess cash—reinforces Worksport’s belief in the long-term potential of digital assets as inflation-resistant stores of value. This approach, coupled with the Company’s expanding product portfolio and dealer network, has strengthened its foothold in a rapidly evolving market.
“This past week marks an inflection point for Worksport’s growth trajectory,” said Steven Rossi, Chief Executive Officer of Worksport Ltd. “Our proactive decision to integrate Bitcoin and Ripple into our treasury strategy, coupled with noteworthy sales increases, 117% growth in our dealer network, and encouraging pre-orders volumes of our upcoming AL4 from two leading U.S distributors, reflects our commitment to innovation and long-term value creation. The attention we’ve received from leading crypto custodians further validates our approach, and we’re eager to leverage their expertise to maximize returns on these digital assets by considering unique strategies like crypto staking.”
Crypto Integration and Industry Recognition
Following the Company’s announcement to adopt BTC and XRP in its corporate treasury, notable players in the cryptocurrency sector took notice. Two leading crypto custodians have approached Worksport with their services, and the Company is now evaluating these proposals to ensure secure, compliant custody of its digital asset holdings. As Worksport prepares to engage in initial BTC and XRP purchases, it is also exploring staking opportunities that could potentially enhance treasury returns. Worksport is actively working towards enabling crypto payments for purchases on its e-commerce platform, www.worksport.com.
Expanding Sales and Dealer Network
Sales Growth: In the wake of last week’s announcement of a 51% increase in B2C sales and a 60% rise in B2B sales, Worksport is pleased to share that its dealer network has grown by 117% since September 2024. This increase in partners, coupled with the recent boost in brand visibility, positions the Company to further capitalize on robust demand.
Upcoming Product Launches: The Company’s forthcoming AL4 tonneau cover has already secured pre-orders from two leading industry distributors. With the AL4’s scheduled launch approaching, Worksport expects to capture greater market share. Following the AL4, the Company will introduce its SOLIS solar tonneau cover and COR mobile power generation system later in 2025, expanding its portfolio of clean-tech innovations designed to meet the growing need for sustainable energy solutions.
Enhanced Visibility Through National Television Exposure
Worksport’s recent appearance on FOX & Friends on December 8, 2024, showcased its upcoming clean-tech products and American-made tonneau covers to a nationwide audience. This high-profile exposure has generated new peripheral opportunities for brand penetration, and even broader market engagement. The positive reception underscores the Company’s potential to convert heightened visibility into tangible growth across its business lines.
Key 2024 Press-Releases
December 6: Worksport Shares 51% B2C and 60% B2B Sales Growth in November
December 5: Worksport Adopts Changes To Corporate Treasury
November 22: Worksport Announces 30% Increase in Production Capacity
November 21: CEO Insider Purchase; Worksport Investigates Short Selling
October 29: 200% Growth in B2B Sales; Pre-Order Campaign Initiated For AL4
October 17: Nasdaq Grants Extension To Regain Compliance
October 17: $2MM+ Projected Savings From New Strategic Initiative
September 30: Update On ISO Certification
September 19: Alpha Launch of SOLIS & COR
September 11: Worksport COR as an EV Range Extender for Tesla Model 3
August 14: Record High Revenues; 275% Q2 Growth
May 8: Worksport Awarded $2.8MM Grant
Read all Worksport press releases: [Link to All Press Releases].
About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.com.
Connect with Worksport
Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), the links of which are links to external third party websites, as well as sign up for the Company’s newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.
Product social media Investor social media
Instagram X (formerly Twitter)
Facebook
YouTube LinkedIn
Link to Newsletter
Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, SEC filings, and public conference calls and webcasts. The Company also uses social media to announce C
subslover
2 weeks ago
Good morning:Worksport (WKSP) Debuts Innovations Live on National TV Show: Fox & Friends, Outlines Media Strategy for Growing Brand Presence
CEO Details Advanced Clean-Tech Initiatives, Cites Positive FOX Producer Response, and Notes Opportunity to Leverage Successful Debut to Earn Additional Future National TV Segments.
West Seneca, New York, Dec. 09, 2024 (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 provided a post-broadcast update following Worksport’s appearance on FOX & Friends Weekend, hosted by Will Cain, Rachel Campos-Duffy, and Charlie Hurt. During the nationally televised segment, Worksport’s Chief Executive Officer, Steven Rossi, spotlighted the Company’s forthcoming mobile power generation system and American-made tonneau covers, underscoring its commitment to innovation, domestic manufacturing, and sustainable solutions.
Watch the FOX & Friends Weekend Recap
Investors and stakeholders are invited to view a recording of the FOX & Friends Weekend segment featuring Worksport CEO Steven Rossi.
Access the Video Here: FOX & Friends Recap Video
“Our recent feature on FOX & Friends Weekend served as a remarkable springboard, allowing us to debut our COR & SOLIS product to a national audience,” said Steven Rossi, CEO of Worksport Ltd. “We received highly positive feedback from the producers and look forward to securing additional national media opportunities as we continue to build brand credibility and expand our market reach.”
Advancing Clean-Tech and Sustainable Mobility
Worksport’s upcoming launches—most notably the SOLIS solar tonneau cover and the COR portable energy system—were highlighted as critical drivers of future growth. These clean energy innovations align seamlessly with a global shift toward sustainable mobility and off-grid convenience, potentially unlocking new revenue streams and heightening brand visibility within the EV and outdoor adventure ecosystems.
Rossi added, “With the support of renowned host Charlie Hurt, we showcased our brand’s unique innovations on the channel’s ‘Made in America’ segment. This appearance reaffirmed our commitment to American manufacturing and underscored the transformative potential of our next-generation products. As we move toward 2025, our strategies—ranging from ramped-up U.S. production to cutting-edge solar and portable power technologies—are expected to drive significant revenue growth, improve margins, and enhance shareholder value.”
FOX & Friends: A Reach Like No Other
FOX & Friends remained cable news’ most-watched morning shows throughout the third quarter of 2024. The channel regularly features high profile special guests, such as President Donald Trump. The weekend show boosts a massive audience, delivering an average of 1.2 million viewers per episode. Worksport’s appearance places its innovative products in front of millions of potential customers, further increasing its brand presence and brand reputability. Worksport’s mission to transform the tonneau cover and portable energy markets gains new momentum from this recent exposure. Looking ahead, the company plans to secure additional high-profile media opportunities to further strengthen its brand presence.
Key 2024 Press-Releases
December 6: Worksport Shares 51% B2C and 60% B2B Sales Growth in November
December 5: Worksport Adopts Changes To Corporate Treasury
November 22: Worksport Announces 30% Increase in Production Capacity
November 21: CEO Insider Purchase; Worksport Investigates Short Selling
October 29: 200% Growth in B2B Sales; Pre-Order Campaign Initiated For AL4
October 17: Nasdaq Grants Extension To Regain Compliance
October 17: $2MM+ Projected Savings From New Strategic Initiative
September 30: Update On ISO Certification
September 19: Alpha Launch of SOLIS & COR
September 11: Worksport COR as an EV Range Extender for Tesla Model 3
August 14: Record High Revenues; 275% Q2 Growth
May 8: Worksport Awarded $2.8MM Grant
Read all Worksport press releases: [Link to All Press Releases].
About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean ene
subslover
2 weeks ago
Worksport ($WKSP) To Showcase Upcoming Innovations Live on FOX & Friends National TV
Worksport’s AL4 Premium Cover, SOLIS, and COR Systems Scheduled to Take Center Stage in Front of an Audience Projected to Exceed One Million Live Viewers This Weekend
West Seneca, New York, Dec. 06, 2024 (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, is thrilled to announce its upcoming appearance on FOX & Friends, ranked as the nation’s most-watched cable news morning show according to data shared by FOX News. Scheduled for Sunday, December 8th, 2024, at 7:30 AM ET (scheduling changes subject to the studio’s discretion), this marks a pivotal moment for Worksport as it presents its cutting-edge products to millions of viewers nationwide.
The live broadcast will feature Worksport Chief Executive Officer Steven Rossi showcasing the Company’s innovative product lineup, including the premium AL4 tonneau cover, the Solis solar cover, and the COR portable energy system. Two pickup trucks, equipped with these state-of-the-art solutions, will be driven to the FOX Plaza in Manhattan, New York City, offering audiences a first-ever televised glimpse of Worksport’s advanced technology in action.
“This opportunity to present our products on a platform like FOX & Friends is monumental,” said Steven Rossi, Chief Executive Officer of Worksport. “We’re bringing the story of Worksport’s innovation to over a million viewers, while highlighting how our products solve real-world problems. Beyond just this appearance, we see this as a gateway to even greater media exposure, potentially reaching tens of millions more in the future.”
Worksport’s Product Line: Innovation Meets Opportunity
The FOX & Friends segment will focus on Worksport’s current growth story and upcoming innovative product lineup, making this a momentous occasion to connect with viewers during the holiday shopping season. Each product below will be targeting a multi-billion dollar and growing market and will be the key to Worksport’s 2025 growth. Worksport will also offer an exclusive, limited time FOX & Friends discount code for purchases made on the Company’s e-commerce platform, www.worksport.com.
Featured Products:
AL4 Premium Tonneau Cover: Worksport’s upcoming premium four-fold tonneau cover, designed for durability and versatility, expected to have robust demand.
Solis Solar Cover: Patented solar-powered truck bed cover, capable of charging electric vehicles and powering tools, campsites, and emergency response needs.
COR Portable Energy System: Modular, hot-swappable mobile power solution with up to 1,700Wh capacity, designed to function independently or integrate seamlessly with the SOLIS cover, creating a versatile clean-energy microgrid.
FOX & Friends: A Reach Like No Other
FOX & Friends remained cable news’ most-watched morning shows throughout the third quarter of 2024. The channel regularly features high profile special guests, such as President Donald Trump. The weekend show boosts a massive audience, delivering an average of 1.2 million viewers per episode. Worksport’s appearance places its innovative products in front of millions of potential customers, further increasing its brand presence and brand reputability. This national broadcast represents a strategic milestone for Worksport as the Company continues its rapid expansion into new markets. Worksport’s mission to revolutionize the tonneau cover and portable energy sectors is bolstered by this exposure, which is expected to significantly enhance consumer awareness and investor confidence.
Key 2024 Press-Releases
December 6: Worksport Shares 51% B2C and 60% B2B Sales Growth in November
December 5: Worksport Adopts Changes To Corporate Treasury
November 22: Worksport Announces 30% Increase in Production Capacity
November 21: CEO Insider Purchase; Worksport Investigates Short Selling
October 29: 200% Growth in B2B Sales; Pre-Order Campaign Initiated For AL4
October 17: Nasdaq Grants Extension To Regain Compliance
October 17: $2MM+ Projected Savings From New Strategic Initiative
September 30: Update On ISO Certification
September 19: Alpha Launch of SOLIS & COR
September 11: Worksport COR as an EV Range Extender for Tesla Model 3
August 14: Record High Revenues; 275% Q2 Growth
May 8: Worksport Awarded $2.8MM Grant
Read all Worksport press releases: [Link to All Press Releases].
About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.com.
Charlie V
2 weeks ago
Worksport ($WKSP) Sees 51% B2C and 60%B2B Sales Growth in November, Boosting Margins, and Accelerating Brand Expansion
Year-End Momentum and 3 Upcoming Products Position Worksport for a Strong 2025
West Seneca, New York, December 6, 2024 — 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, is pleased to announce continued significant sales growth in its business-to-consumer (B2C) and business-to-business (B2B) segments for October and November 2024. The Company also saw improved gross margins, a key objective in its strategic shift of selling exclusively the higher margin Worksport branded products, discontinuing all current lower margin private label programs.
Steven Rossi, Chief Executive Officer of Worksport, stated, "During this holiday period, demand surged to over three times the all-time daily sales record we set in Q3. This remarkable growth has exceeded our expectations and sets an encouraging pace for achieving even higher future sales targets.”
Sales Growth Highlights
B2C Sales Momentum:
October 2024: B2C sales grew 16% compared to September.
November 2024: B2C sales rose an impressive 51% from September, reflecting growing consumer adoption of Worksport’s high-quality, American-made products. Earlier this month, Worksport announced an ambitious target to grow its average monthly B2C sales in Q3 by 100% to $1M per month. In very short time, Worksport has nearly achieved this objective.
B2B (Non-Private Label) Surge:
October 2024: Non-private label B2B sales increased 38% compared to September.
November 2024: Non-private label B2B sales saw a 60% jump from September, demonstrating strong demand from dealers and distributors for Worksport-branded tonneau covers.
The upcoming launch of the premium AL4 product, anticipated to surpass the demand for the AL3, positions Worksport for substantial growth. Leveraging the sustained momentum of its tonneau cover sales, Worksport is also preparing for the full market launch of its groundbreaking clean-tech power generation system, SOLIS and COR, in 2025. These innovative products are expected to solidify Worksport’s position as a leader in the clean energy and automotive accessory markets.
Strategic Pivot to Enhance Margins and Brand Recognition
In line with its long-term growth strategy, Worksport has strategically discontinued its private label sales, focusing only on Worksport branded B2C and B2B channels to capture higher margins and strengthen brand identity. This shift is already yielding results, with November 2024 gross margins improving notably compared to Q3 2024 levels. The strategic reduction of revenue from the lower margin private label sales has already been vastly replaced by strong growth in Worksport’s higher margin branded sales. Growth in the B2C and B2B segments are projected to be the driving force behind Worksport’s 2025 path to cash flow positivity.
Rossi added, “We’re betting on ourselves and our amazing brand, products, and state of the art U.S factory. By strategically reducing private label production, we are creating a stronger foundation for Worksport’s brand while driving profitability. The improvements in gross margins are just the beginning. We are positioning ourselves for sustained growth across both B2C and B2B markets for the foreseeable future. There is healthy demand for what we’re making; the best of our products is yet to come with Solis, COR, and AL4.”
Outlook: Sustained Growth and Momentum
Worksport anticipates continued improvements in gross margin as the Company’s branded products gain further traction in the market and further economies of scale are met in the factory. The surge in branded sales during October and November 2024 reflects the success of Worksport’s aggressive sales initiatives and its commitment to delivering innovative, high-quality products to customers and business partners. The Company remains confident in its ability to expand market share and enhance shareholder value as it executes its strategic vision.
GoldDog83
4 weeks ago
News Drop..
Worksport Increases Production Capacity to Meet Growing Sales Demand
Worksport Increases Production Capacity to Meet Growing Sales Demand
Company Aims for 100% Growth in Monthly Online Sales in the Near-Term; AL4 Tonneau Cover Launch Set for December
West Seneca, New York, Nov. 22, 2024 (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 is pleased to announce an expansion of its manufacturing workforce to meet accelerating sales demand. Since the start of Q4, the Company has increased its plant worker count by 30%, positioning itself to enhance production capacity and improve margins.
Scaling Production to Meet Growing Demand
-- Increased Workforce: The expansion of the production team is a strategic
move to accommodate the significant growth in Worksport's
business-to-consumer (B2C) and business-to-business (B2B) sales
-- Sales Growth: The Company is now targeting $1 million in monthly online
sales in the near-term, aiming for a 100% increase in top line revenue
from the approximately $500,000 per month reported less than 60 days ago.
-- Second Shift Preparation: To support the scheduled end-of-the-year launch
of the higher margin AL4 tonneau cover, Worksport is adding a new evening
production shift. This expansion will boost production capacity, enabling
the Company to meet escalating demand and drive increased revenues and
profitability. Investors can expect an update on the AL4 pre-order
campaign for the business-to-business (B2B) segment before the end of the
year.
Management Commentary
""The Company continues to grow with new dealers, increased sales, and enhanced efficiencies each day," said Steven Rossi, CEO of Worksport Ltd. "Expanding our plant staff and initiating a second production shift are pivotal steps toward improving margins and achieving EBITDA positivity. Last Friday, the Company's market capitalization closed below our revenue projections for 2025--a year in which we believe we will be cash flow positive with increasing margins. We reiterate our strong belief that Worksport continues to be undervalued."
Upcoming Product Launches Driving Growth
-- AL3 and AL4 Tonneau Covers: The continued rollout of these products is
expected to significantly contribute to Worksport's path toward cash flow
positivity in 2025.
-- SOLIS and COR Clean-Tech Systems: The Company also plans to launch its
highly anticipated SOLIS solar cover and COR portable energy system by
Q2/Q3 2025, further enhancing revenue growth and profitability prospects.
Worksport Q3 Earnings Call
Q3 revenue surged to $3.12 million--a 581% year-over-year increase compared to $458,433 in Q3 2023.
Worksport held its Q3 2024 earnings call on Wednesday November 13, 2024. The prepared remarks and presented earnings call deck are available at Worksport's Investor Relations website.
Investor Inquiries May Be Directed To:
Investor Relations, Worksport Ltd.
T: 1 (888) 554-8789 x128
W1: https://investor.worksport.com
W2: www.worksport.com
E: investors@worksport.com
Key 2024 Press-Releases:
-- November 21: CEO Insider Purchase; Worksport Investigates Short Selling
-- October 29: 200% Growth in B2B Sales; Pre-Order Campaign Initiated For
AL4
-- October 17: Nasdaq Grants Extension To Regain Compliance
-- October 17: $2MM+ Projected Savings From New Strategic Initiative
-- October 3: Commencing U.S Government Sales
-- September 30: Update On ISO Certification
-- September 19: Alpha Launch of SOLIS & COR
-- September 11: Worksport COR as an EV Range Extender for Tesla Model 3
-- August 14: Record High Revenues; 275% Q2 Growth
-- August 1: Impressive SOLIS Solar Cover Test Results
-- May 8: Worksport Awarded $2.8MM Grant
Read all Worksport press releases: [Link to All Press Releases].
Stay Connected
-- Investor Newsletter: Investors and customers are invited to follow
Worksport's progress as it builds on this momentum and strives to
redefine industry standards with each new corporate development. Link to
Newsletter
-- Contact Information
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com E: investors@worksport.com W: worksport.com
About Worksport
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com.
Connect with Worksport
Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third party websites, as well as sign up for the Company's newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.
Product social media Investor social media
Instagram X (formerly Twitter)
-------------------- ---------------------
Facebook LinkedIn
YouTube Link to Newsletter
-------------------- ---------------------
Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.
The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.
For additional information, please contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com
Forward-Looking Statements
The information contained herein may contain "forward--looking statements." Forward--looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "project," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward--looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
GoldDog83
1 month ago
On Thursday, Worksport Ltd (NASDAQ:WKSP) announced that it has retained Digital BD, Inc to monitor and investigate potentially illegal short-selling activity of its stock.
Rossi said the recent stock trading activity must reflect the business’ health or significant growth pathways.
He said that the company sets new volume sales records almost daily while facing suspicious and volatile stock activity that it proposes to investigate thoroughly.
The company reported a 581% growth in the third quarter and expects the 2025 revenue to exceed its market capitalization as of Wednesday. The sales are growing exponentially monthly, and three highly innovative products are set for near-term release, Rossi added.
Concurrently, CEO Steven Rossi has purchased 33,333 restricted Worksport shares at a 44% premium to the market price at $0.75 per share on November 19th.
Worksport has engaged Digital BD, a provider of Regulation SHO compliance monitoring, short sale trading analytics, and market integrity surveillance to safeguard shareholder value and address unusual trading patterns.
Digital BD will monitor daily short volume data from all U.S. exchanges, encompassing EXEMPT and NON-EXEMPT short sales, and will report its findings to the company.
Digital BD will scrutinize market makers trading Worksport shares daily for adherence to fair market-making requirements.
The Securities and Exchange Commission specifies that bona-fide market-making does not include activities related to speculative selling strategies for investment purposes that are disproportionate to usual market-making patterns.
Rossi expressed commitment to continuing its growth trajectory and protecting the interests of our shareholders. With the assistance of Digital BD, the company proposed to closely monitor trading activities to ensure compliance with all legal requirements.
CEO Rossi said Worksport as significantly undervalued and expects to unlock its true value. He also looks to discover, eliminate, and do everything possible to prevent future illegal short selling or open market manipulation of Worksport’s stock.
Worksport’s third-quarter revenue reached $3.12 million, up by 581% year-over-year.
Price Action: WKSP stock traded higher by 5.42% to $0.53 premarket at the last check on Thursday.
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