Worksport reports record production, 100%+ gross margin growth, revenue on track for $20M in 2025

Worksport Ltd

May 2025 monthly production record exceeded entire Q3 2024; production up 50% since March 2025.
Gross margin improved from 11% (Q4 2024) to over 23% (May 2025); on track to exceed 30% by year-end.
Dealer network expanded from 94 to over 550 dealers; orders consistently outpacing supply.
Revenue expected to exceed $20M in 2025, up from $8.5M in 2024; tonneau cover business target $100M annually.
SOLIS solar tonneau cover and COR nano-grid to launch Fall 2025; top 15 U.S. construction company selected for paid pilot.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.