Worksport sees record-breaking revenue in May with improved margins, projecting strong growth ahead.

From Yahoo Finance: 2025-06-23 08:20:00

Worksport (NASDAQ:WKSP) announced $1.28 million in May 2025 sales, a second consecutive month of record-breaking revenue. Gross margins improved with the Made-in-USA cover line gaining traction. April and May revenues surpassed first-quarter earnings, indicating strong momentum for the year’s second half.

May gross margins rose to roughly 23% from first-quarter levels, driven by higher-value branded products and operational efficiency. Management expects gross margins to reach 30% by year-end, with positive cash flow expected. Worksport’s dealer network has expanded to over 550, with two major national distributors added.

Management anticipates another strong month in June 2025 as new national distributors ramp up orders. CEO Steven Rossi targets clean energy and portable power markets with SOLIS and COR products. Worksport projects $20 million in revenue by year-end, with potential for significant growth ahead.

WKSP stock is up 0.10% at $2.80 premarket. Worksport projects $20 million in revenue by year-end, with high-margin, IP-protected products expected to drive growth. CEO Steven Rossi targets clean energy and portable power markets with upcoming product launches.

Read more: Worksport Clocks $1.3 Million Revenue In May, Margins Rise