EXCLUSIVE: Worksport's Q3 Revenue Soars 581% As New Product Lines Boost Growth, Raises 2025 Outlook
EXCLUSIVE: Worksport's Q3 Revenue Soars 581% As New Product Lines Boost Growth, Raises 2025 Outlook
On Wednesday, Worksport Ltd (NASDAQ:WKSP) reported third-quarter 2024 financial results, showcasing revenue growth and strong guidance for 2025.
周三，Worksport Ltd（纳斯达克：WKSP）报告了2024年第三季度财务业绩，展示了营业收入的增长以及对2025年的强劲指引。
Worksport's third-quarter revenue grew 581% year-on-year to $3.12 million, topping the analyst consensus estimate of $2.40 million. The revenue grew 63% quarter-over-quarter.
Worksport的第三季度营业收入同比增长581%，达312万美元，超过分析师一致预期的240万美元。该营业收入环比增长63%。
The rapid growth reflects the successful scaling of both B2B and B2C channels and the growing demand for Worksport's innovative products.
快速增长反映了B2B和B2C渠道成功扩展以及对Worksport创新产品日益增长的需求。
Also Read: EXCLUSIVE: Worksport Accelerates B2B Growth as Dealers Snap Up New AL4 Pre-Orders
另请阅读：独家：Worksport加速B2B增长，经销商抢购新的AL4预售订单
The gross profit increased 176% year over year to $0.24 million. It reported an operating loss of $3.91 million, which was flat year over year as operating costs rose 3.6% year over year.
毛利润同比增加176%，达24万美元。报告的营业亏损为391万美元，同比持平，因营业成本同比上涨3.6%。
The net loss was $4.13 million, down from a $3.95 million loss year ago. EPS loss of 14 cents missed the analyst consensus of 13 cents loss.
净亏损为413万美元，较去年395万美元的亏损有所下降。每股收益亏损14美分，未达到分析师一致预期的13美分亏损。
Worksport's direct-to-consumer sales soared from $21,599 in the third quarter of 2023 to $1.59 million in the third quarter of 2024, accounting for 51% of total revenue.
Worksport的直销从2023年第三季度的21,599美元飙升至2024年第三季度的159万美元，占总营业收入的51%。
The company held $1.86 million in cash and equivalents as of September 30.
截至9月30日，公司持有186万美元的现金及现金等价物。
Worksport began selling to a U.S. government agency, paving the way for further expansion in this segment.
Worksport开始向美国政府机构销售，为这一细分市场的进一步扩展铺平了道路。
Worksport said the upcoming AL4 tonneau cover will be released in the fourth quarter and is expected to drive substantial revenue in 2025. Meanwhile, the SOLIS and COR products are in Alpha testing, with a full launch anticipated next year.
Worksport表示，即将推出的AL4货箱盖将在第四季度发布，预计将在2025年带来可观的营业收入。同时，SOLIS和COR产品正在进行Alpha测试，预计明年全面推出。
Worksport is on track to boost production capacity, targeting over 200 tonneau covers per day by 2025. This scale-up aims to meet rising demand while enhancing margins, driven by the launch of new, high-demand product lines.
Worksport正致力于提高生产能力，目标是到2025年每天生产超过200个货箱盖。这一扩张旨在满足日益增长的需求，同时提升毛利润，推动新高需求产品线的推出。
In the third quarter, the company maintained an inventory of $6.1 million, positioning itself for steady revenue growth without significant capital outlay. Worksport expects to exceed its 200-cover daily target without substantial time or financial investment.
在第三季度，公司保持了610万美元的库存，为稳定的营业收入增长做好准备，无需大规模的资本支出。Worksport预计将在不大量时间或财务投入的情况下超越每日200个的目标。
Steven Rossi, Worksport's Founder & CEO, said, "Our goal is to become cash flow positive in 2025, with a keen focus on EPS and EBITA. We are targeting revenue growth to $25-$34.5 million in 2025."
Worksport创始人兼CEO Steven Rossi表示：“我们的目标是在2025年实现现金流为正，同时重点关注每股收益和EBITA。我们正在瞄准2025年营业收入增长至2500万至3450万。”
Guidance: Worksport expects to exceed previously issued revenue guidance of $6 million—$8 million by year-end 2024, compared to the analyst consensus estimate of $7 million.
指导意见：Worksport预计到2024年底将超过之前发布的营业收入指导600万至800万，而分析师共识预估为700万。
For 2025, Worksport projects its existing product lines will generate $20 million in revenue, with new product launches, including its COR and SOLIS systems, contributing up to an additional $18.5 million.
对于2025年，Worksport预计现有产品线将产生2000万美元的营业收入，新产品的推出，包括其COR和SOLIS系统，可能进一步贡献高达1850万美元。
Depending on timing circumstances, these projections lead to a robust revenue outlook of $25 million—$34.5 million for 2025 (analyst consensus estimate of $28.8 million).
根据时机情况，这些预测将导致2025年强劲的营业收入展望，预计为2500万至3450万（分析师共识预估为2880万）。
Price Action: WKSP stock closed higher by 5.10% to $0.87 on Wednesday.
价格走势：WKSP股票在周三上涨5.10%，收于0.87美元。
Also Read:
还阅读：
- EXCLUSIVE: Worksport Targets $2M in Savings With Strategic Cuts, Set to Launch New Clean-Tech Products in 2025
- 独家报道：Worksport通过战略削减目标节省200万美元，计划在2025年推出新的清洁科技产品
译文内容由第三方软件翻译。
