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Worksport ( (WKSP) ) just unveiled an update.
On March 18, 2025, Worksport Ltd. announced that its current market valuation does not fully reflect its business fundamentals and outlined its targets for cash flow positivity and significant growth in 2025. The company reported an increase in revenues from $1.5 million in 2023 to $8.5 million in 2024 and aims to achieve $1 million per week in revenue within the next 12 to 24 months. Worksport plans to launch its SOLIS Solar Tonneau Cover and COR Portable Energy System in 2025, expecting these products to substantially contribute to revenue by the third and fourth quarters of the year. Additionally, its subsidiary, Terravis Energy, introduced AetherLux, a groundbreaking HVAC technology, which has garnered interest from major corporations. These initiatives are expected to drive long-term growth and shareholder value.
More about Worksport
Worksport Ltd. is a U.S.-based company specializing in hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors. The company designs, develops, and manufactures tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions, with a focus on clean energy integrations.
YTD Price Performance: -62.28%
Average Trading Volume: 1,164,675
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $12.04M
For a thorough assessment of WKSP stock, go to TipRanks’ Stock Analysis page.