Worksport Ltd (WKSP) Options

You better start covering your short position.. 😀

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.

The fact that he's buying at a higher price means he's confident. Many CEO's do this. I'm at a .5833 average and bought more in the .40's thru .60's. I'm not worried. I trade daily for daily gains, I invest for the future. We all know the stock is being manipulated. I have all the time in the world to wait. 

He said he bought 33333 share @ .75. Its now .56

How so, we bottomed and accumulated back upward.  Don't get caught chasing it after the short squeeze lol. There are alot of eyes still watching and loading this now that we have some positive Momentum. 

GLTU

Well that didn't work out very good.

Thin to a Dollar.. Just getting started here. 

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.

CEO buying 33333 shares at .75

News Drop 

Good luck there. They are running out of money/ They can't keep losing money every quarter the way they are doing right now. Unless they sell more shares...JMO

Added 4's and 5's

I picked up some more 4s Lucky.. They will look great at a dollar soon. News will drop in the next few weeks about their ISO certification. The Alpha program many more positive updates. If you can stomach parking some cash here you will be rewarded. Grab as many 4s 5s 6s as you can. 

Or 6s, LOL

4s coming up

you still might get 4s

Apart from the RS (and PPS comparison) being completely irrelevant I agree. For the first time in 2 years I am back in today.

6s loading zone next leg up soon. 

Probably not $6 but over a dollar is more likely. Adding down here is a smart move. 

Do you think this is going to 6$ in the next few months?

I am adding more as well. Eventually this will rise steadily. Easy a 10x return in few months. 

$WKSP Monday I am buying more. I will reward improvement not punish it. I was a major detractor here when revenues were pathetic. This stock will go up, convince my why increasing revenues don't deserve a higher SP. We are at .0335 pre RS. Seriously we R/S'd at .37. We are probably worth $3.50 a share and this is a no joke exponential growth company. I actually like all the tech and see this headed up a lot in the next three years. Buy here, you won't be sorry. This will 10x easy in the coming years. Mark this post.

And I added 20k more .6ss. Let's roll. 

You were right.. But it's clawing back to .7ss

Well there's your .60s

This company is bleeding money and still paying their CEO 400,000 a year

LOL

Consolidation between .75 - .78. This is going to pop to the upside next few days. 

All good call me when we hit $2. 

I doubt it, my guess we rally back to .95 today. Too much upside midterm.

this is going to drop into the .60s

Still a good company with a bright future. Good time to be adding more on this temporary dip. IMO

They lost 11 million dollars in the quarter

The question should be why isn't it over a buck if the news is so great

https://investors.worksport.com/worksport-wksp-reports-significant-581-yoy-revenue-growth-in-q3-2024-eyes-record-2025/
West Seneca, New York, November 13, 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 today announced its Q3 2024 financial results. Worksport shares another consecutive quarter of revenue growth and positive outlook for financial year-end 2025.

Q3 revenue surged to $3.12 million—a 581% year-over-year increase compared to $458,433 in Q3 2023. This rapid growth reflects continued scaling of both B2B and B2C channels and the growing demand for Worksport’s innovative products. Following a 275% revenue increase from Q1 to Q2 2024, Q3 revenue grew another 63% from Q2 2024, underscoring the strength of the Company’s strategic investments and the success of its recent sales initiatives. Worksport believes it will exceed previous financial guidance of $6-8M by year-end 2024, and below issues guidance for year-end 2025.



Steven Rossi, Worksport’s Founder & CEO, stated:

“Our Q3 results are just the beginning. With our robust product pipeline and aggressive market penetration strategies, we are on a trajectory for sustained growth. Our goal is to become cash flow positive in 2025, with a keen focus on EPS and EBITA. We are targeting revenue growth to $25-$34.5 million in 2025. We are excited about the significant impact our products, including the AL4 tonneau cover, SOLIS solar cover, and COR portable energy system, are expected to have as we enter next year.”

Announcement: Worksport ($WKSP) Reports Significant 581% YoY Revenue Growth in Q3 2024, Eyes Record 2025

why did this go up?

wksp..............................https://stockcharts.com/h-sc/ui?s=WKSP&p=W&b=5&g=0&id=p86431144783

Also very thin past $1.50 This should be breaking out soon IMO. Adding more here is a no brainer. 

Looking strong here. Still holding for $$ss

I had to give you a follow. Thanks Charlie.

It can only be great news when the CEO says this:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1096275/000149315224043917/form8-k.htm
CEO’s Statement
“We are thrilled to invite investors and analysts to our Q3 live earnings call,” said Steven Rossi, CEO of Worksport. “We started mass production in January 2024 and initiated our sales push in March 2024. Now, we are on the cusp of launching multiple new product lines. The Company is laser-focused on continuing sales growth and achieving cash flow positivity, and we are eager to share the details of our progress and future plans. We confidently believe that the Company is undervalued and that growth will continue.”

What do you expect from the data on Q3 2024 as i undersand it should be published 11/13/24.
will it show another rise in revenew ?

Worksport Ltd. Unveils Upgraded SOLIS Technology, Enhancing Solar Tonneau Covers for Broader Market Reach
Nasdaq: wksp
Innovative Upgrade Reduces Consumer Costs by Up to $400 and Increases Compatibility Across Multiple Battery Generator Brands and Types

West Seneca, New York, October 31, 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 excited to announce a development for its advanced solar technology system. The Worksport SOLIS solar tonneau cover will be improved to operate at 60V, a meaningful upgrade that is believed to bring substantial cost savings to consumers, expand the addressable market size, and simplify integration with a wider range of other battery generator systems existing in the marketplace.

West Seneca, New York , Oct. 29, 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 a significant milestone in its business-to-business (B2B) sales growth, and the newly initiated pre-order campaign for its highly anticipated AL4 Premium Tonneau Cover.
Explosive B2B Sales Growth
In the last four months, Worksport has impressively achieved over 200% growth in Dealer Account sales of its Worksport -branded products, with key dealers in most major areas across the USA and Canada . This exponential growth is attributed to the surging interest in high-quality, aggressively priced tonneau covers that meet the demands of today's market. While the Company's private label and consumer direct businesses continue to drive the largest share of revenue for Worksport , the impressive surge in dealer sales represents an exciting opportunity for future growth.
Strategic Dealer Expansion with High Conversion Rates
Retail Display Units Shipped: Worksport has shipped hundreds of displays to key dealer accounts across the United States . These retail display units will continue to convert into dealer sales perpetually, representing a considerable long-term dealer level growth objective.
Conversion Ratio: These display units have generated an outstanding 31% conversion rate, meaning nearly one-third of dealers who received retail display units have placed orders nearly immediately, preceding receiving and assembling these Worksport Retail Display Units. Worksport’s sales team is working towards 100% sales conversion as a result of each retail display unit installed in dealer showrooms in the USA and Canada .
Vast Market Potential: With over 17,000 dealers in the U.S. , strong dealer interest signals a substantial opportunity for continued sales growth. Worksports growing sales team is continuing to establish direct connection with each dealer across the USA and Canada .
Regional Success and Market Penetration
Strong Performance in the Southwest: The Company has experienced particularly robust sales in the Southwest region, driven by Worksport’s fast shipping times and high market demand for tonneau covers.
First Order from Puerto Rico : Worksport is excited to announce its first-ever B2B order from a customer in Puerto Rico , consisting of initial crates of both hard and soft covers. This marks a significant expansion into new territories.
AL4 Premium Tonneau Cover Pre-Order Campaign
Following the recently announced production schedule of the AL4 Premium Tonneau Cover, Worksport is beginning to book pre-orders from key dealer and distributor accounts in the USA and Canada . Pre-ordering will end at the end of November at which time Worksport sales team expects significant early demand and orders.
Key AL4 sales highlights include:
Interest from Industry-Leading Distributors. Several top-tier national US based distributors are in discussions to pre-order the AL4, reflecting strong market confidence in the product.
Scaling Dealer Network. The Company will continue to expand its dealer network while attracting new distributors to enhance scale and market reach.
Management Commentary
"The remarkable trend we have seen in our B2B segment is a testament to the market's appetite for high-quality, competitively priced tonneau covers," said Steven Rossi , CEO of Worksport Ltd. "Our strategic deployment of display stands has not only expanded our dealer network but has also yielded an exceptional conversion rate of 31%. The newly initiated pre-order campaign for the AL4 Premium Cover has already garnered interest from industry-leading distributors, signaling a bright future for Worksport . We are committed to leveraging this momentum in 2025 and beyond.

On Tuesday, Worksport Ltd (NASDAQ:WKSP) announced a milestone in its business-to-business (B2B) sales growth and the newly initiated pre-order campaign for its highly anticipated AL4 Premium Tonneau Cover.
In the last four months, Worksport has achieved over 200% growth in Dealer Account sales of its Worksport-branded products, with key dealers in most major areas across the USA and Canada.
The company says the growth is attributed to the surging interest in high-quality, aggressively priced tonneau covers that meet the demands of today’s market. 
Also Read: EXCLUSIVE: Worksport Targets $2M in Savings With Strategic Cuts, Set to Launch New Clean-Tech Products in 2025
Worksport has shipped hundreds of displays to crucial dealer accounts across the United States. These retail display units will perpetually convert into dealer sales, representing a considerable long-term dealer-level growth objective, the company said in the press release.
These display units have generated a 31% conversion rate. Worksport’s sales team is working towards 100% sales conversion due to each retail display unit installed in dealer showrooms in the USA and Canada.
CEO Steven Rossi: “Our strategic deployment of display stands has not only expanded our dealer network but has also yielded an exceptional conversion rate of 31%.”
With over 17,000 dealers in the U.S., strong dealer interest signals a substantial opportunity for continued sales growth.
Worksport announced its first-ever B2B order from a customer in Puerto Rico, consisting of initial crates of hard and soft covers. This marks a significant expansion into new territories.
Following the recently announced production schedule of the AL4Premium Tonneau Cover, Worksport is beginning to book pre-orders from key dealer and distributor accounts in the USA and Canada.
Pre-ordering will end in November when the Worksport sales team expects significant early demand and orders.
The company said several top-tier national U.S.-based distributors are discussing pre-ordering the AL4, reflecting strong market confidence in the product.
Worksport will continue to expand its dealer network while attracting new distributors to enhance scale and market reach.
Price Action: WKSP stock closed higher by 8.05% at $0.7931 at Monday.

Worksport Ltd.($WKSP) offers incredible clean energy growth opportunities—invest now!

https://www.nasdaq.com/market-activity/stocks/wksp

Worksport Ltd.($WKSP) offers incredible clean energy growth opportunities—invest now!

https://www.nasdaq.com/market-activity/stocks/wksp

Worksport Ltd.($WKSP) offers incredible clean energy growth opportunities—invest now!

https://www.nasdaq.com/market-activity/stocks/wksp

$WKSP offers cutting-edge solutions for today’s evolving market needs.
https://www.nasdaq.com/market-activity/stocks/wksp

$WKSP offers unique opportunities in the evolving tech landscape!

https://www.nasdaq.com/market-activity/stocks/wksp