Worksport (NASDAQ:WKSP) Stock, Quote.Headers.trade-ideas

Worksport

Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP 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. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.

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On Tuesday, light truck clean energy solutions provider Worksport Ltd (NASDAQ:WKSP) announced that it had selected Coinbase Global, Inc (NASDAQ:

EXCLUSIVE: Worksport Taps Coinbase As Cryptocurrency Custodian For Treasury Strategies

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Worksport Ltd&#39;s revenues for Q4 2024 were $2.9 million, up 246% from last year, leading to a year-end revenue of $8.5 million. Gross margins also increased by 55%, with further growth expected in 2025 through partnerships and new products. WKSP stock closed at $0.8232.

Worksport Q4 Earnings: 246% Topline Growth, Sets $20 Million Revenue Target For 2025

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Worksport Ltd

Worksport Ltd. (NASDAQ:<a href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) ("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 it has sent&nbsp;first shipments&nbsp;of its&nbsp;AL4 flagship tonneau cover&nbsp;to select customers. Initial feedback from these customers has been overwhelmingly positive, and the Company is now accelerating production ramp-up to meet anticipated demand.
AL4 Ramp-Up to Complement Existing AL3 Production
The AL4 Hardcover represents the next evolution in Worksport's premium tonneau cover lineup, engineered for durability, security, and functionality. Designed with robust American aluminum and precision manufacturing, the AL4 Hardcover caters to the growing demand for high-quality truck bed covers in North America's booming pickup truck market.
Worksport is preparing an&nbsp;active production ramp&nbsp;for the AL4 cover,&nbsp;targeting 1,200 units&nbsp;in the next 30 days. As the Company continues to refine its manufacturing processes, it&nbsp;expects&nbsp;to&nbsp;double&nbsp;that output shortly thereafter, while maintaining its existing AL3 production lines. This will be followed by continued production line expansion as sales grow. This strategic approach is&nbsp;projected&nbsp;to allow Worksport to meet the market interest for the AL4 and&nbsp;strengthen&nbsp;its vision for 2025 and beyond.
Positive Early Feedback From Key Distribution Partners
Major distributors have already expressed strong interest in the AL4 and shared glowing reviews of its build quality, ease of use, and feature set. This aligns with feedback from initial batches sent to B2B clients, reinforcing the Company's belief that the AL4 will serve as a&nbsp;flagship product line&nbsp;in its expanding portfolio.
Product Outlook for 2025 and Beyond
In the weeks ahead, Worksport will continue to expand roll out of the AL4 and anticipates opening access to its e-commerce customers. Worksport's expansion into flagship clean-tech products—including its <a href="https://www.globenewswire.com/Tracker?data=jvT4tZ9E-iwIqpXUnoEnjQ4TAUD3SAK3y2EIjOB98xkCSqfdUiccdfN3iPJUoiINfFWv-RKoex4sA1xy0yjK874wbEhOzgEEpOFNdqEItf9-wgemXZhiCMlXip7N8ml3KUuv-2q8G1Pz8bCOC8qfOeR4YW52cF9dpiwQaSuIGQNurv_TJmi5K-wQ5sUtPFsG6zR8ZCB464BYITpPJm0s5pQnrilItGPs_Md18x70XQvrE-76ytDhRCj8Txi1m5_jQUh24rASITT8oIIaKaVjBw==">SOLIS solar tonneau cover and COR mobile power system</a>—remains on track for release later in 2025. Management&nbsp;expects&nbsp;the AL4's success to dovetail seamlessly with these upcoming innovations,&nbsp;propelling&nbsp;the Company's brand recognition and solidifying its position in the automotive accessories and clean-tech spaces.

Worksport Begins Shipping Flagship AL4 Product Line, Plans Production Ramp Amid Buyer Feedback

Following Business Growth, Company Initiates Purchases and Shares Long-Term View&nbsp; &nbsp;
West Seneca, New York, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:<a href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) ("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&nbsp;it has made initial purchases of Bitcoin (BTC) and Ripple (XRP)&nbsp;as part of a newly established&nbsp;cryptocurrency treasury strategy. Projecting <a href="https://www.globenewswire.com/Tracker?data=59_m_qkUDnC_p9Gjj7RQ6oWGhzQFgAS-qX6ndbVaYm44PRCpqP_WUBwfi6tEvRch2pKkmd-f95Gy8kCohz2qOsm16wMlwR8zv49HpsLAzSSv-wPdZRw9Ia_A7tn2zHBvdHx0INiQaBGTD4bIvjXNTg0_eLTr1BJ-Oaglpm3IinZuWtIpyUCqKPmokLDg9Gjc6THkWVR1iePgsTHXov2PnYCiBJRP3616ZCfmj4wHp6r3ufM5YayRqeaRrIc17RhyBkeq6lQs_fs3e9w6LtTQTA==">revenue growth</a>, the release of three (3) new products, and approaching cash flow positivity, all within 2025, the Company's proactive crypto strategy is positioned as a timely complement to global transformations.

Worksport Announces Initial Bitcoin, Ripple Purchases for Crypto Treasury Strategy; Projecting Revenue Growth, Release Of 3 New Products

On Tuesday, <a target="_blank" href="https://www.benzinga.com/topic/electric-pickup-trucks" rel="noreferrer noopener">light truck clean energy solutions provider</a> Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) announced&nbsp;that it had selected&nbsp;Coinbase Global, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) as its preferred custodian partner.
Worksport cited Coinbase&#8217;s substantial regulatory compliance, robust security measures, and insurance-backed custody solutions.
This strategic move aligns with Worksport&#8217;s Cryptocurrency Treasury Strategy announced on December 5, 2024, wherein the company expanded its Corporate Treasury and allowed a portion of its surplus cash reserves to be held in Bitcoin (CRYPTO: BTC/USD) and (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>).&nbsp;
Worksport&#8217;s Board of Directors determines investable excess cash, which allows Worksport to make initial purchases.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/43155691/amazon-to-shut-7-quebec-fulfillment-centers-axe-around-2000-jobs" rel="noreferrer noopener">Amazon To Shut 7 Quebec Fulfillment Centers, Axe Around 2,000 Jobs</a>
Worksport chief Steven Rossi stated that having a top-tier crypto custodian is like having a top-tier banking partner who aligns with Worksport&#8217;s commitment to safeguarding corporate assets.
The treasury update aligns with Worksport&#8217;s ongoing growth initiatives, including a multi-fold revenue increase, a push toward cash flow positivity, and the imminent launch of three new product lines in 2025, the company said.
Worksport anticipates that this collaboration will streamline the company&#8217;s entry into the cryptocurrency space.
Price Actions: WKSP stock traded higher by 4.36% at $0.92 premarket at the last check on Tuesday.
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$BTC

EXCLUSIVE: Worksport Tells Benzinga 'Following Reach Out from Coinbase's Institutional Team, Worksport Has Created XRP & Bitcoin (BTC) Corporate Accounts'

EXCLUSIVE: Worksport Tells Benzinga Co. Taps Coinbase As Official Crypto Custodian

Worksport Says It Increased Its Patent Portfolio By Approximately 25% In Last 12 Months

HC Wainwright &amp; Co. analyst Scott Buck initiates coverage on Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) with a Buy rating and announces Price Target of $1.5.

Price Target

HC Wainwright & Co. Initiates Coverage On Worksport with Buy Rating, Announces Price Target of $1.5

WIIM

Worksport shares are trading higher after the company's subsidiary Terravis Energy introduced an AI-enhanced heat pump for home climate control.

Worksport's Terravis Energy Unveils AI-Enhanced Heat Pump Revolutionizing Home Climate Control; Says 20-Day Countdown To Global Reveal Begins

On Tuesday, Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) announced&nbsp;top-line revenues of&nbsp;roughly $2.9 million for&nbsp;the fourth quarter of 2024, up 246% year-on-year. This performance pushes Worksport&#8217;s&nbsp;year-end revenues to approximately $8.5 million, beating the previously announced guidance of&nbsp;$6 million to $8 million.
In December 2024, the margins jumped from the third quarter to 21.1%.
Gross margins in the fourth quarter of 2024 reflect a significant improvement over the third quarter of 2024, increasing by&nbsp;55%&nbsp;overall.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43065734/western-digital-poised-for-long-term-growth-despite-short-term-nand-pressures-analysts-say" rel="noreferrer noopener">Western Digital Faces &#8216;Challenging Pricing Environment,&#8217; But There&#8217;s Long-Term Potential: Analysts</a>
Worksport expects the margin growth to have a&nbsp;material impact&nbsp;on its outlook and performance. The growth underscored the success of Worksport&#8217;s strategic shift towards higher-value, branded product lines.
The company forecasts further quarterly margin increases, especially towards the second half of 2025.
Worksport&nbsp;projects over $20 million in tonneau cover sales for 2025. In addition, the company expects further growth through strategic partnerships, upcoming flagship products like the&nbsp;SOLIS solar tonneau cover and the&nbsp;COR mobile power system in 2025, and a growing dealer network like the AL4, which will ship in January 2025.
Price Action: WKSP stock closed higher by 0.19% at $0.8232 Friday.
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Worksport Announces Q4 2024 Revenue Of $2.9M, Up From $839K In Q4 2023; Year-End Revenues At $8.5M; Margins Improved In December 2024 To 21.1%; Forecasts Over $20M Sales For 2025 With New Products And Partnerships; Sustainable Profitability Expected

<a href="https://investors.worksport.com/post/worksport-announces-new-partnership-with-large-distributor-in-the-midwest" title="https://investors.worksport.com/post/worksport-announces-new-partnership-with-large-distributor-in-the-midwest">https://investors.worksport.com/post/worksport-announces-new-partnership-with-large-distributor-in-the-midwest</a>
West Seneca, New York - June 5, 2024 - Worksport Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), a key U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is excited to announce a new sales partnership with a prominent Midwest distributor, renowned for its 50-year legacy in the automotive industry. Additionally, the Company is pleased to highlight its early execution and the growing opportunities within Worksport's product lineup.

Penny Stocks

Worksport Announces New Partnership with Large Distributor in the Midwest

Worksport Projects Exceeding 2024 Revenue Guidance Of $8M

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Scotiabank analyst Sung Ji Nam initiated coverage on Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) with a Sector Perform rating and announced a price target of $605. Thermo Fisher Scientific shares closed at $524.05 on Friday. <a href="https://www.benzinga.com/quote/TMO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs analyst Allen Chang initiated coverage on Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) with a Buy rating and announced a price target of $19.6. Pony AI shares closed at $13.16 on Friday. See how other analysts view this stock.</li>
<li>Compass Point analyst Dominick Gabriele initiated coverage on NCR Atleos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) with a Buy rating and announced a price target of $57. NCR Atleos shares closed at $32.33 on Friday. <a href="https://www.benzinga.com/quote/NATL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>D. Boral Capital analyst Jason Kolbert initiated coverage on Omeros Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMER#NASDAQ">OMER</a>) with a Buy rating and announced a price target of $36. Omeros shares closed at $10.31 on Friday. <a href="https://www.benzinga.com/quote/OMER/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Alliance Global Partners analyst Aaron Grey initiated coverage on Worksport Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) with a Buy rating and announced a price target of $2. Worksport shares closed at $0.8465 on Thursday. <a href="https://www.benzinga.com/quote/WKSP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying OMER stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="573" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-1024x573.png" alt="" class="wp-image-704444" style="width:622px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Alliance Global Partners analyst Aaron Grey initiates coverage on Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) with a Buy rating and announces Price Target of $2.

Alliance Global Partners Initiates Coverage On Worksport with Buy Rating, Announces Price Target of $2

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Shares of several companies in the auto and auto-related space are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points

Worksport shares are trading higher after the company provided business updates including growth in its dealer network, pre-orders from its leading distributors, and advances in BTC/XRP integration.

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.&nbsp;(NASDAQ:<a href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) ("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 <a href="https://www.globenewswire.com/Tracker?data=ncGsAZ-zpmJAcO0qwpxq05IOpYQCrQkUKvV0o9rU8lX_1mZZ7T7yeLNSsAxtbRpVhJZVUf9k2z_YKbI0fSzvVi-93cws_nvVpQkwtFN8ntfi_b7gPXqPcNEngW8XL00zwmr_4MD-nBdHhwvwMlQMggRBs9nlIjnX2tOuSYNW_K6kvzYoTyWrxk-llqex6koIpQahNwNVwK0Rekoz46xnH4_Z3q6tDTAF6Ubm3_aXL_ZfRFkU0lidtjMMjmVDYY7ukWXlTWCBLm2FwNLphCJOt8qoTIKheJsXwe9nBHJ1_1IpDsViDC6LZgpP3WkZ1plWuP8nwacHHJEOWvjuqRczFHom-aptiGz86k5jHC_Lmvwa2gRf3pThSmrJclNkKZcHHZa_RUAdQwPpez-g7KC0_A==">$5 million</a> 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, <a href="https://www.globenewswire.com/Tracker?data=_37Q6AD6PCFitnmqshgUmj5sy0NjTfpUCPFPA-n12cXrxcvKvH8oEgEj4CMOFanC_FRwEcO58yeyHlP-F-w8Po56N08651WgLTyF74PlIvw=">www.worksport.com</a>.

Worksport Reports 117% Dealer Network Growth, Secures Initial Pre-Orders, Advances $5M BTC/XRP Integration For Treasury Strategy, Evaluates Crypto Custody Services, Explores Staking Opportunities, And Prepares For E-Commerce Crypto Payments

<h3>Gainers</h3>
<ul>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares increased by 30.1% to $0.12 during Monday's pre-market session. The market value of their outstanding shares is at $1.7 million. </li>
<li>Tandy Leather Factory (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLF#NASDAQ">TLF</a>) shares increased by 23.19% to $4.94. The market value of their outstanding shares is at $41.6 million. </li>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) shares increased by 18.36% to $3.61. The company's market cap stands at $17.8 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) stock moved upwards by 16.73% to $0.9. The company's market cap stands at $29.6 million. </li>
<li>RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) shares moved upwards by 14.9% to $7.4. The market value of their outstanding shares is at $802.8 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares moved upwards by 12.35% to $2.0. The market value of their outstanding shares is at $15.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock declined by 17.1% to $0.78 during Monday's pre-market session. The company's market cap stands at $2.7 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock declined by 10.84% to $1.48. The market value of their outstanding shares is at $8.3 million. </li>
<li>Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) shares fell 10.68% to $0.6. The market value of their outstanding shares is at $196.0 million. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares decreased by 7.04% to $3.17. The market value of their outstanding shares is at $1.9 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock fell 6.93% to $2.69. The market value of their outstanding shares is at $2.4 million. </li>
<li>Kirkland's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) shares decreased by 6.26% to $1.85. The market value of their outstanding shares is at $24.2 million. As per the news, the Q3 earnings report came out yesterday. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

On Friday, Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) announced sales growth in its business-to-consumer (B2C) and business-to-business (B2B) segments for October and November 2024.
The company said it saw improved gross margins, a key objective in its strategic shift to selling the higher-margin Worksport branded products exclusively and discontinuing all current lower-margin private label programs.
CEO Steven Rossi said that during this holiday period, demand surged to over three times the company&#8217;s all-time daily sales record set in the third quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42349678/adobe-exudes-potential-to-go-from-laggard-to-leader-backed-by-healthy-subscription-improving-growth-metrices" rel="noreferrer noopener">Adobe Poised To Lead With Strong Subscriptions, Analyst Says</a>
In October 2024, B2C sales grew 16% compared to September. In November 2024, B2C sales rose 51% from September, reflecting growing consumer adoption of Worksport&#8217;s products.
In November, Worksport <a href="https://www.benzinga.com//node/42136912">announced an ambitious</a> target to increase its average monthly B2C sales by 100% to $1 million per month in the third quarter.
In October 2024, non-private-label B2B sales increased by 38% compared to September. In November 2024, non-private label B2B sales jumped 60% from September, demonstrating strong demand from dealers and distributors for Worksport-branded tonneau covers.
The upcoming launch of the premium AL4 product has the potential to surpass the demand for the AL3, the company said.
Worksport is also preparing for the entire market launch of its clean-tech power generation system, SOLIS, and COR, in 2025.
In line with its long-term growth strategy, Worksport has discontinued its private label sales, focusing only on Worksport branded B2C and B2B channels to capture higher margins and strengthen its brand identity.
This shift is already yielding results, with November 2024 gross margins improving notably compared to third-quarter 2024 levels, the company said.
It added that the revenue reduction from lower-margin private label sales has already been vastly replaced by strong growth in Worksport&#8217;s higher-margin branded sales.
Growth in the B2C and B2B segments will likely drive Worksport&#8217;s 2025 path to cash flow positivity, Worksport said.
The company anticipates improvements in gross margin as the company&#8217;s branded products gain traction and the factory achieves further economies of scale.
Price Action: WKSP stock closed higher by 6.40% at $0.6629 on Thursday.
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EXCLUSIVE: Worksport Shifts To Higher Margin Products, Sees Strong Demand In Holiday Season

Press Releases

Worksport Ltd. ($WKSP) Shares CEO Commentary and Provides Outlook for Year Ahead

Worksport ($WKSP) Further Expands Product Line with HD3 Premium Tri-Fold Cover, Building on AL4 Momentum and Teasing COR & SOLIS Innovations

Worksport Ltd. ($WKSP) Announces Strong Q4 2024 Results, Beating Revenue Guidance; Recording a Substantial December Gross Margin increase

Worksport Subsidiary Terravis Energy Announces Two Major Heat Pump Breakthroughs, Begins 20-Day Countdown

Worksport Ltd. ($WKSP) Announces Global Patent Portfolio Growth, and Joins LOT Network for Enhanced Patent Protection

Worksport ($WKSP) Taps Coinbase as Official Crypto Custodian, Strengthening Cryptocurrency Treasury Strategy

Worksport ($WKSP) Initiates Bitcoin (BTC) & Ripple (XRP) Purchases as Part of Strategic Move to Hedge Inflation and Embrace Cryptocurrency Adoption

General

Worksport Ltd. ($WKSP) Begins Shipping Flagship AL4 Product Line, Plans Production Ramp Amid Positive Buyer Feedback

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