Significant Revenue Growth
Revenue for Q1 2025 reached $2.24 million, a 337% increase compared to $512,000 in Q1 2024.
Improved Gross Margin
Gross margin improved to nearly 18%, up from 7% in Q1 2024 and 11% in Q4 2024.
Expansion of Dealer Network
Worksport's U.S. network now totals 151 active dealers, a 64% increase from 92 at the end of last year.
New Product Launches
Introduced AL4 tonneau cover and announced upcoming products like SOLIS solar cover and COR portable energy system.
Innovations in Clean Energy
Terravis Energy developed AetherLux heat pump capable of operating in ultra-low temperatures and eliminating defrost cycles.
Strong Financial Position
Cash and cash equivalents stood at $5.08 million, slightly up from $4.88 million at year-end 2024.