Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its products through wholesalers and online retail channels. It serves private labels and original equipment manufacturers. Worksport Ltd. has a collaboration agreement with Greatcell Energy Pty Ltd. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.
IPO Year:
Exchange: NASDAQ
Website: worksport.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/29/2021 | $8.00 | Buy | Maxim Group |
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8-K - Worksport Ltd (0001096275) (Filer)
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Maxim Group initiated coverage of Worksport with a rating of Buy and set a new price target of $8.00
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Worksport completes final stage of execution with launch, adding new, larger revenue stream opportunities and broader global markets for solar power generation and energy storage.West Seneca, New York--(Newsfile Corp. - December 1, 2025) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator in advanced manufacturing, clean energy technologies and automotive accessories, serving both consumer and reseller markets, today announced that its next-generation Nano-Grid power system for pickup truck beds has now officially launched and is available for purchase, marking one of the most significant commercial milestones in the Company's history. The system combines th
Company Expands Dealer Offering with New Heavy-Duty Platform as COR and SOLIS Prepare for Initial Orders Opening November 28 West Seneca, New York, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator in advanced manufacturing, clean energy technologies and automotive accessories, serving both consumer and reseller markets, today announced that its newly released HD3 heavy-duty tonneau cover is now officially selling across the Company's growing business-to-business (B2B) dealer network. Production of the HD3 began in mid-October, following the Company's earlier announcement confirming that manufacturing had commenced. Intr
Newly Leased Facility Strengthens Operational Capacity, Enhances Engineering Oversight, and Accelerates Commercial Readiness West Seneca, New York, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator in advanced manufacturing, clean energy technologies and automotive accessories, serving both consumer and reseller markets, today announced a strategic expansion of its U.S. operation capability with the opening of a newly leased facility in Missouri that will serve as the Company's dedicated assembly center for the SOLIS solar-integrated tonneau cover. This milestone marks a significant progression in Worksport's growth strat
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 September 30, 2025. Q3 net sales reached $5.0 million, up 61% year-over-year and 22% sequentially, with gross margin of 31.3%. "Worksport's Q3 performance shows our final investments into
Industry First: Solar Folding Truck Bed Nano Grid For Overlanding, Work Sites, EVs, And Emergency Backup Launching November 28th, 2025. West Seneca, New York, Nov. 10, 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 final pricing and initial vehicle compatibility for its SOLIS truck mounted folding solar array, the Company's flagship bed cover designed to work with the Worksport COR portable power system and other compatible battery generators. SOLIS is a solar truck mounted folding solar array, it
Worksport Ltd. Announces November 13, 2025, as Q3 2025 Earnings Report Date West Seneca, New York, Nov. 07, 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, will report its financial results for Q3 2025 on November 13, 2025, pre-market. Steven Rossi, Chairman and CEO of the Company, will lead the call and take questions about the results. Rossi commented: "Worksport is at an inflection point, and we are excited to speak about the year behind us, and more importantly, the year ahead of us. The progress we have made i
Modular portable power system for work & adventureto debut at $949 – unlimited, scalable power – integrates with SOLIS solar cover for rapid off-grid charging West Seneca, New York, Nov. 04, 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 final pricing and specifications for its COR modular portable energy system designed for work, adventure, and emergency readiness. The COR Starter Kit – one COR HUB plus one COR Battery – will be available to order on November 28, 2025, at $949. The COR architecture
Initial PO Marks Major Milestone as Worksport Executes on Multiple New Business FrontsWest Seneca, New York--(Newsfile Corp. - October 31, 2025) - 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 it has placed an initial purchase order exceeding $1 million for its COR portable battery systems from a leading global battery system manufacturer, representing a key advancement as the Company moves toward commercial scale for its clean-tech product line.The opening order includes 900 COR units, each including one inverter and one bat
Innovative solar tonneau and portable power system officially available for order November 28, 2025, marking Worksport's entry into a new era of clean energy solutions West Seneca, New York, Oct. 30, 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 the official launch date for its flagship SOLIS™ Solar Tonneau Cover and COR™ Portable Energy Storage System — both available for order starting November 28, 2025. A select group of early-access customers will be invited to place pre-launch orders ahead of
Purpose-built for the professional user, six models available now and over 25 models expected by December. West Seneca, New York, Oct. 23, 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 that its new HD3 Heavy-Duty tonneau cover has officially entered production. The HD3 is a new hard-folding truck bed cover engineered for commercial and fleet applications, building on the success of Worksport's AL3 and AL4 series. Purpose-Built For Uptime And Protection The HD3 represents Worksport's newest addition to its
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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 September 30, 2025. Q3 net sales reached $5.0 million, up 61% year-over-year and 22% sequentially, with gross margin of 31.3%. "Worksport's Q3 performance shows our final investments into
Worksport Ltd. Announces November 13, 2025, as Q3 2025 Earnings Report Date West Seneca, New York, Nov. 07, 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, will report its financial results for Q3 2025 on November 13, 2025, pre-market. Steven Rossi, Chairman and CEO of the Company, will lead the call and take questions about the results. Rossi commented: "Worksport is at an inflection point, and we are excited to speak about the year behind us, and more importantly, the year ahead of us. The progress we have made i
Company Reaffirms ≥$20 Million 2025 Revenue Target and Highlights Clear Path to Near-Term Operational Cash Flow Positivity West Seneca, New York, Aug. 13, 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 record financial and operational results for the quarter ended June 30, 2025 ("Q2 2025") and reaffirmed full-year 2025 revenue guidance of at least $20 million. Q2 2025 Highlights Worksport delivered its highest quarterly revenue in Company history, with net sales of $4.10 million, up 114% y
Strong Growth in Business Fundamentals, Increased Brand Visibility, and New Strategic Conversations Signal Continued Momentum into Q3 and Q4 2025 West Seneca, New York, Aug. 07, 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 provided a strategic update highlighting continued expansion across key operational and financial verticals. These updates come ahead of the Company's Q2 2025 financial results releasing on August 13, 2025. 1. Worksport Doubles Bitcoin Holdings Amid Treasury Strategy Success Fol
2,499 Units Produced in 4 weeks of July, Doubling March 2025 OutputWest Seneca, New York--(Newsfile Corp. - August 5, 2025) - 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 report its strongest 4-week production stretch to date. From early July through the final week of the month, the Company produced 2,499 tonneau covers—more than double the 1,234 units produced in March 2025 and reflecting over 100% sequential growth in just four months.Operational Scaling Drives Record PerformanceThis latest production milestone conti
West Seneca, New York, Aug. 05, 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, is pleased to report its strongest 4-week production stretch to date. From early July through the final week of the month, the Company produced 2,499 tonneau covers—more than double the 1,234 units produced in March 2025 and reflecting over 100% sequential growth in just four months. Operational Scaling Drives Record Performance This latest production milestone continues a clear trend of sequential growth for Worksport, followin
Worksport Ltd. Announces August 13, 2025, as Q2 2025 Earnings Report DateWest Seneca, New York, July 31, 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, will report its financial results for Q2 2025 on August 13, 2025, pre-market. Steven Rossi, Chairman and CEO of the Company, will lead the call and take questions about the results. Webcast Registration Investors, analysts, and media are invited to register in advance for the live webcast, where Worksport's management will provide insights into th
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 year-end 2025 revenues, the Company is targeting cash flow positive operations towards year-end. Highlights from the Company's Q1 2025 Performance: Revenue Growth: Worksport reported ne
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 the live webcast, where Worksport's management will provide insights into the Company's recent financial performance and outlook for 2025. Management has recently emphasized that Worksp
Company Outlines Strong Momentum in Margins, Revenue, and Business Growth Entering 2025West Seneca, New York--(Newsfile Corp. - March 27, 2025) - 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 financial results and significant operational achievements for fiscal year 2024. Marking a transformational year with record revenue growth, expanded product lines, and provided an optimistic outlook for fiscal year 2025.Highlights from Fiscal Year 2024: Record-Breaking Revenue Growth: Worksport reported net sales of $8.48 millio
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Strategic Alliance Aims to Lower Legal Costs & Strengthen Market Position, Ahead of Major Product Launches West Seneca, New York, Jan. 24, 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, is pleased to announce that it increased its patent portfolio by approximately 25% in the last 12 months. It further announces that it has joined LOT Network, a not-for-profit global consortium of leading companies committed to preserving innovation. Global Patent Growth Worksport is proud to announce a ~25% growth in its
Strategic Alliance Aims to Lower Legal Costs & Strengthen Market Position, Ahead of Major Product LaunchesWest Seneca, New York--(Newsfile Corp. - January 24, 2025) - 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 that it increased its patent portfolio by approximately 25% in the last 12 months. It further announces that it has joined LOT Network, a not-for-profit global consortium of leading companies committed to preserving innovation.Global Patent GrowthWorksport is proud to announce a ~25% growth in its glob
Solving Two Key Market Challenges; Successful R&D Has Achieved a Solution Expected to Revolutionize Home Heating & Cooling, While Being Affordable and Highly Efficient. West Seneca, New York, Jan. 22, 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, proudly announces that its subsidiary, Terravis Energy [LLC] ("TVE"), a [Delaware] [limited liability company], has developed a groundbreaking heat pump solution that it believes fulfills the future of home heating and cooling. This latest R&D breakthrough is proj
First Live Session Set for August 6th at 12PM ET, Enhancing Customer EngagementWest Seneca, New York--(Newsfile Corp. - July 30, 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 thrilled to announce the launch of a new live sales feature in partnership with Firework, a platform trusted by over 1000 global brands. Worksport will use Firework's innovative web technology to launch its first live sales session on August 6th at 12 PM ET, accessible via: Worksport Live.Worksport strongly encourages customers, stakeholders, and thei
Join Us for a Live Earnings Call and Exciting UpdatesWest Seneca, New York--(Newsfile Corp. - July 18, 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 its Q2 2024 live earnings call scheduled for August 13, 2024, at 4:30 PM ET. This call will be conducted online and will include a detailed discussion of the Company's performance and forward-looking insights.Invitation to Analysts and InvestorsWorksport invites analysts, investors, and media to join the live earnings call. This event will provide a compreh
Richmond Hill, Ontario, Canada, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the "Company" or "Worksport") has appointed as manager veteran manufacturing executive Michael Scolnick. Scolnick has had over 25 years of progressive experience building and leading high-performance teams, developing and implementing world-class manufacturing concepts, and driving business performance. Scolnick will manage the Company's new 220,000 sq. ft. assembly plant, located in West Seneca, NY. "The Company will ramp up production of our new advanced products, including all-new hardcover designs and SOLIS, our advanced truck bed tonneau cover with integrated solar panels. We hired Mich
Mississauga, Ontario, March 17, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) (the "Company") has appointed Mr. Thomas DiNanno, a Hudson Institute Adjunct Fellow, to its Advisory Board. During Mr. DiNanno's career, he has held several key U.S. Government positions with focuses in areas of national security and infrastructure. His experience and expertise are intended to influence the Company's ongoing efforts in the government sector. "Worksport and Terravis Energy are a unique combination of innovation, and I am excited to help bring these innovative technologies to help improve America's infrastructure," states Mr. DiNanno. Mr. DiNanno is a contributing advisor to Hudson In
Mississauga, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the "Company") has appointed Mr. Yosi Behar to its Advisory Board. The Company's commitment to decarbonizing transportation and innovating how clean energy is produced and harnessed is paving the way for a global transition to both solar and hydrogen-solutions for mobile power generation, independent of the grid. The Company is focused on bringing such implementations to market that management believes have potential to shift consumers' utilization towards these off-grid, non-parasitic technologies. Management is looking forward to working with Mr. Behar on opportunities to implement the Company's clean
Mississauga, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the "Company") has appointed Mr. Sengkee Ahn and Mr. Mike Timmons to its Advisory Board. The Company's commitment to decarbonizing transportation and innovating how clean energy is produced and harnessed is paving the way for a global transition to solar- and Hydrogen-powered charging & storage technology solutions. The Company is focused on bringing such implementations to market that management believes have the potential to shift consumers' utilization towards adopting these off-grid technologies. Management is confident that the Advisory appointments of Sengkee Ahn and Michael Timmons will enhanc
Mississauga, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the "Company") appointed U.S. Ambassador Ned L. Siegel and William J. Caragol to its Board of Directors as of June 30, 2021. Worksport's commitment to decarbonizing transportation and innovating clean energy production is something management believes is vitally important for today's world. The Company is acutely focused on bringing robust products to market that Worksport believes has the potential to shift consumers' mindsets of adopting clean-energy technologies. Worksport is also committed to establishing relationships with government agencies to expand support for these strategic initiatives.
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