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 |
Company Formally Addresses Unusual Trading Activity Amid Strong Growth Prospects and Upcoming Product ReleasesWest Seneca, New York--(Newsfile Corp. - November 21, 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 announcing today that it has retained Digital BD, Inc. to monitor and investigate potentially illegal short selling activity of its shares. Concurrently, CEO Steven Rossi has demonstrated his confidence in the Company's future by personally purchasing restricted Worksport shares at a 44% premium to the market price.
Company Announces Consecutive Surge in Quarterly Revenues; Provides Positive Outlook for Fiscal Year 2025; Ongoing Expansion and New Product Lines Fuel Momentum West Seneca, New York, Nov. 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 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 rapi
Company Announces Consecutive Surge in Quarterly Revenues; Provides Positive Outlook for Fiscal Year 2025; Ongoing Expansion and New Product Lines Fuel MomentumWest Seneca, New York--(Newsfile Corp. - 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 gro
Company Invites Investors and Analysts to Discover Compelling Financial Updates and Growth Outlook West Seneca, New York, Nov. 07, 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 excited to announce its Q3 2024 live earnings call scheduled for November 13, 2024, at 4:30 PM ET. This call will be conducted online and will include a detailed discussion of the Company's performance, recent growth trends, and forward-looking insights. Invitation to Analysts and Investors Worksport invi
Innovative Upgrade Reduces Consumer Costs by Up to $400 and Increases Compatibility Across Multiple Battery Generator Brands and Types West Seneca, New York, Oct. 31, 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 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 integ
Company Initiates Business with Hundreds of Dealers Across USA; New Model: AL4 Attracts Industry-Leading Distributors 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
Company Targets Significant Revenue Surge in 2025 with High-Demand AL4 Cover Poised to Revolutionize the $4 Billion Tonneau Cover Market West Seneca, New York, Oct. 23, 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 targeted market release of its highly anticipated AL4 Premium Tonneau Cover on December 15th, 2024. The Company has already begun manufacturing production-ready samples for testing and customer evaluation. Engineering staff at the Company's state-of-the-art fac
Company Receives Additional 180 Days to Execute Growth Initiatives and Enhance Shareholder Value West Seneca, New York, Oct. 17, 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, announced that the Company has received written notice from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that Nasdaq has determined that the Company is eligible for an additional 180 calendar day period, or until April 14, 2025, to regain compliance with the minimum $1 bid requirement under Nasdaq Listing Rule 5550(a)(
Company Expects Improved Margins and Cash Preservation; Upcoming Launches Includes High-Demand AL4 Cover and Innovative Clean-Tech Solutions West Seneca, New York, Oct. 17, 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 announced the implementation of strategic cost-saving measures designed to enhance operational efficiency and drive long-term growth. The Company forecasts these actions will result in $1.5 million in expense savings in 2025, along with an additional $0.5 to $1 million in rela
CEO Highlights Growth Initiatives and Upcoming Catalysts in the Clean Energy Automotive Sector West Seneca, New York, Oct. 16, 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 exclusive Fireside Chat between Worksport CEO Steven Rossi and Fox Business Network Market Analyst Kenny Polcari. The in-depth conversation provides valuable insights into Worksport's strategic direction, upcoming catalysts, and the future of clean energy solutions in the automotive industry. Ho
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Maxim Group initiated coverage of Worksport with a rating of Buy and set a new price target of $8.00
Company Invites Investors and Analysts to Discover Compelling Financial Updates and Growth Outlook West Seneca, New York, Nov. 07, 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 excited to announce its Q3 2024 live earnings call scheduled for November 13, 2024, at 4:30 PM ET. This call will be conducted online and will include a detailed discussion of the Company's performance, recent growth trends, and forward-looking insights. Invitation to Analysts and Investors Worksport invi
Mississauga, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq: WKSP) (the "Company") continues adding to and developing its in-house IP portfolio focused on the sustainable energy markets. The Company now holds 30 patents and 24 trademarks to date, providing protective rights for its solar-integrated products, its Hydrogen fuel cell-powered systems, as well as its conventional tonneau cover products. This, in turn, provides the Company with full controlling rights on its proprietary mechanical components, electrical/electronics concepts, thermal management, manufacturability considerations, failsafe contingencies, sizing constraints, and mobility aspects. The Company recently file
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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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Tesla Inc (NASDAQ:TSLA) got the lead on the EV front as a pioneer with Elon Musk’s visionary leadership. But regulatory challenges, competition and an unfavorable macroeconomic environment made the ambitious Tesla focus on making an affordable vehicle while autonomous driving remains work in progress. Tesla aims to build its more cost-effective next-generation EV at its new factory in Mexico. Meanwhile, an Intel Corporation (NASDAQ:INTC) company just revealed its solution to an EV challenge and Worksport Ltd. (NASDAQ:WKSP) just got recognized as innovator for its contribution to the automotive sector as it’s about to release the Alpha launch of its eagerly anticipated solar-powered accesso
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