Worksport announces May sales of $1.28M

Worksport (WKSP) announced that May sales reached $1.28M, “marking the company’s second consecutive month of record-breaking revenue.” Gross margins “continue to improve notably, as Worksport’s Made-in-USA cover line continues to gain significant traction,” the company added. Steven Rossi, CEO of Worksport Ltd., commented: “The month of May marks another record, reinforcing that our American-made tonneau covers and strategic B2B expansion are delivering real, repeatable results. We expect June 2025 to be even stronger as our newest national distributors ramp up orders. With our SOLIS and COR clean-tech products launching this fall, we believe 2025 will prove to be another breakout year that firmly sets Worksport on a path to long-term growth with a keen focus on strong EBITA.” The company added: “Building on revenue of $1.5M in 2023 and $8.5M in 2024, Worksport projects reaching approximately $20M by year-end 2025 – a scale designed to deliver cash flow positivity and support sustained profitability. Notably, the company’s current market capitalization remains below this year’s projected revenue, highlighting what management views as a meaningful investment opportunity.”