24/7 Market News Snapshot 07 July, 2025 – Worksport, Ltd. Common Stock (NASDAQ:WKSP)

July 7, 2025

DENVER, Colo., 07 July, 2025 (www.247marketnews.com) – (NASDAQ:WKSP) are discussed in this article.
Worksport Ltd. (NASDAQ:WKSP) has demonstrated remarkable growth, opening trading today at $3.37 and rising to $4.025, a significant increase of approximately 16.67% from the previous close of $3.450. With a trading volume of 523.55K, heightened investor interest is evident, suggesting optimistic market sentiment. This surge indicates a bullish trend, yet caution is advised as resistance levels approach $4.10; maintaining volume above average could support this upward momentum, while a decline below $3.75 might signal potential pullbacks.

In conjunction with this stock performance, Worksport has reported a 50% increase in monthly production volume since March 2025 and a remarkable improvement in gross margins, which have more than doubled over the same timeframe. For May 2025, the company achieved a production output surpassing the total of the entire third quarter in 2024, demonstrating operational efficiency without raising headcount, and reflecting a strong demand for its innovative products.

Additionally, Worksport’s dealer network has expanded significantly, increasing from 94 dealers in Q4 2024 to over 550 today, highlighting strength in converting sample orders into ongoing partnerships. As a result, gross margins have improved from 11% to over 23%, with expectations to exceed 30% by year-end, driven by a focus on premium offerings and productive factory use.

As 2025 unfolds, Worksport is set to launch its innovative SOLIS solar-integrated tonneau cover and the COR portable nano-grid power system this Fall. Positioned in a $13 billion market, these advancements not only reinforce the company’s dedication to clean energy technology but also present substantial revenue opportunities. With a steadfast commitment to American materials and manufacturing, Worksport is poised for continued scaling in an evolving marketplace.

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