Worksport, Ltd. Common Stock
WKSPWorksport, Ltd. (WKSP) is a company specializing in the design and manufacturing of innovative truck bed covers and related accessories. The company's products aim to enhance the functionality, protection, and utility of pickup trucks by offering durable, secure, and weather-resistant covers. Worksport focuses on integrating advanced materials and smart features to meet the needs of consumers seeking versatile solutions for their vehicles.
Company News
Worksport achieved record quarterly revenue of $5.015 million, representing 62% year-over-year growth, with gross margins expanding to 31%. The company is preparing to launch new clean energy products including SOLIS, COR, and Aetherlux, positioning itself for future growth in renewable energy and portable power systems.
Worksport Ltd. announced a 1-for-10 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement. The CEO expressed confidence in the company's growth, upcoming product launches, and future catalysts.
Worksport, a U.S.-based manufacturer of hybrid and clean energy solutions, is set to showcase its innovative products, including the AL4 tonneau cover, Solis solar cover, and COR portable energy system, on the popular FOX & Friends morning show. This national broadcast represents a strategic milestone for the company as it aims to revolutionize t...
The article discusses the phenomenon of short squeezes, highlighting the GameStop saga and the potential of lesser-known companies like EVgo and Worksport in the EV sector. It showcases their recent financial performance and growth prospects.
General Motors and Hyundai Motor Company have signed a memorandum to explore joint product development, manufacturing, and clean energy technologies. The partnership aims to leverage their scale and complementary strengths to lower costs and bring a wider range of vehicles and technologies to customers faster.
