Worksport Ltd. (NASDAQ: WKSP) sharesmade their way into the green Tuesday. The West Seneca, New York-based innovator in advanced manufacturing and distributed clean energy technologies, serving both consumer and industrial markets, today issued an update on its business-to-business (B2B) expansion, announcing record dealer adoption and rapid compounding revenue growth. The Company also provides a key update on its R&D pipeline.
As of September, Worksport is seeing regular, repeat, frequent volume orders from 266 of its 600+ national dealer partners, up from 187 in June - a 42% increase in one quarter. Since the start of 2025, Worksport’s B2B revenue has grown at a 25% geometric average rate per month, with August breaking revenue records as the highest B2B sales in Company history.
Earlier this year, Worksport reported four straight months of record toplinesales and consistent margin expansion as U.S.-based production scaled. Gross margins climbed from 11% in Q4 2024 to 18% in Q1 2025, 26% in Q2, and a record 31% in July. These gains highlight the effectiveness of Worksport’s strategic shift toward higher-margin branded products.
“These results demonstrate that Worksport is scaling the right way. Revenue is compounding, margins are expanding, and dealer adoption is accelerating,” said CEO Steven Rossi “We’re building a powerful growth engine in B2B that will be a cornerstone of Worksport’s long-term profitability.”
WKSP shares began Tuesday up 12 cents, or 3.7%, to $3.38.
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