Workport (NASDAQ:Wksp))) Announced on Monday His sales in May 2025 reached $ 1.28 million, marking his second consecutive month of record breaking revenue (without examination).
Gross margins improved as the Made-in-USA Worksport cover line gained significant traction, the company said.
April and May 2025 Worksport revenue has exceeded the first quarter of 2025's first quarter revenue, signing strong momentum enters the second half of the year, the company said.
Also read: B2B Worksport march sales ascend almost 70%
Gross May's edges improved from the first quarter levels of 2025 to about 23%, driven by the company's focus on higher value branded products and operational efficiency in its manufacturing facility in New York.
Management projects are gross profits to a trend towards 30% by the end of the year, reflecting the benefits of expected scale and ongoing cost optimization. The company also expects to have a positive cash flow by the end of the year.
The Worksport Executive Dealer Network has expanded from 94 in the fourth quarter of 2024 to over 550, including two major national distributors added this spring, the company said.
Managers expect June 2025 to provide another strong month as two national distributors recently ramped order.
Steven Rossi, CEO of Worksport, with its clean technology products Solis and Cor, launched this fall, that worksport targets clean energy markets and portable power worth millions of dollars.
The company said it believes these high peripheral products, IP protected, will accelerate significant, steady growth for the coming years.
Worksport projects around $ 20 million in revenue by the end of the year 2025. The company noted that its current market capitalization remains lower than the projected revenue this year.
Price Action: WKSP stock is up 0.10% at $ 2.80 premarket in the last check on Monday.
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This article Unique: Worksport clocking $ 1.3 million revenue in May, the edges rise originally appeared on Benzinga.com
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