Worksport Ltd. (WKSP) announced its expansion into the U.S. government fleet sector, securing a deal to supply its flagship AL3 Tonneau Covers to a major government entity. This strategic move positions Worksport to tap into a market estimated to include over 2 million pickup trucks nationwide. The company also plans to introduce its upcoming clean-tech nano-grid products to these government partners.
Worksport Ltd (WKSP) announced a remarkable sales surge in August 2024, reaching $1.21 million in net sales. This significant achievement propelled the company’s Annual Recurring Revenue (ARR) to $14.56 million, surpassing its 2023 year-end revenue of $1.53 million. With this momentum, Worksport is on track to achieve cash flow positivity by 2025 and is poised for significant growth in the coming years.
