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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4 - Worksport Ltd (0001096275) (Issuer)
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4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
4 - Worksport Ltd (0001096275) (Issuer)
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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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4 - Worksport Ltd (0001096275) (Issuer)
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Live Leadership Updates
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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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
Former ‘Malcolm in The Middle' Actor, and Professional NASCAR Driver Enters Brand Partnership with Worksport West Seneca, New York, July 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 thrilled to announce a dynamic brand partnership with actor and professional NASCAR driver Frankie Muniz, who is racing full-time in the 2025 NASCAR Craftsman Truck Series in the No. 33 Ford F-150 with Reaume Brothers Racing. In a widely circulated social media post to his 368k+ followers, Muniz, prominently known for
Company Achieves Breakout Quarter as Turnaround Strategy Gains Traction; Clean-Tech Product Launches Poised to Accelerate Growth West Seneca, New York, July 10, 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 unaudited Q2 2025 topline results, delivering a breakout quarter that is expected to position the Company for sustainable profitability and long-term growth. The Company delivered unaudited revenue of $4.1 million in Q2 2025, marking an 83% increase over Q1 2025 revenue of $2.24 million
West Seneca, New York, July 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, announced today a transformational leap in performance—achieving a 50% increase in monthly production volume since March 2025, while delivering more than a 100% improvement in gross margins over the past five months. These milestones are underscored by readily increasing demand.Record Production Surge Sets the Stage for Strong GrowthIn May 2025, Worksport produced more units than it did during the entire third quarter of 2024, set
Top 25 U.S. Construction and Energy Contractor To Purchase Worksport's SOLIS Solar Tonneau Cover and COR Portable Energy System for Initial Pilot West Seneca, New York, June 25, 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 a commercial-use pilot project with a leading US construction firm that has a fleet comprising over 1,000 trucks. Under this initial engagement, the construction firm has agreed to purchase units of the Worksport's SOLIS solar tonneau cover and COR portable energy
Company Reports All-Time-High Revenue in May 2025 (Following Record April 2025 Sales) as Gross Margins Rise 25% from Q1 2025 Levels; Growth Momentum Expected to Continue West Seneca, New York, June 23, 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 that May 2025 sales reached $1.28 million, marking the Company's second consecutive month of record-breaking revenue (non-audited). Gross Margins continue to improve notably, as Worksport's Made-in-USA cover line continues to gain significant trac
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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
Company Outlines Strong Momentum in Margins, Revenue, and Business Growth Entering 2025 West Seneca, New York, March 27, 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 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
West Seneca, New York--(Newsfile Corp. - March 24, 2025) - 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 fourth quarter and full year ended December 31, 2024, on Thursday, March 27, 2025, before market open.Webcast RegistrationInvestors, 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 em
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SC 13G/A - Worksport Ltd (0001096275) (Subject)
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