Worksport Ltd.

08/08/2024 | Press release | Distributed by Public on 08/08/2024 06:02

Worksport Opens Investor Q&A Portal Ahead of Q2 2024 Financial Results

Earnings Call to Feature Insights on Sales, Strategic Plans, and Key Product Developments

West Seneca, New York, August 8th, 2024 - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce the establishment of a Q&A portal to enhance investor engagement and transparency. This portal allows investors to submit questions to management both before and during the upcoming Q2 2024 earnings call. Scheduled for August 13, 2024, at 4:30 PM ET, the call will provide a detailed overview of the Company's advancing sales, future plans and guidance, and key product updates

Invitation and Thanks to Investors

We extend our gratitude to all investors who have already registered for the event. For those who have not yet signed up, please join us by registering at the [Earnings Call Webinar Link]. We encourage both existing and new investors to participate in this pivotal update.

Boosting Transparency: Q&A Portal

To further our commitment to transparency, Worksport is launching a Q&A portal for investors to submit their questions ahead of the call. We will also host a live Q&A session during the event. To address as many inquiries as possible, we will release a press statement with public answers to the submitted questions after the earnings call. [Submit your questions here] and engage with us directly.

Key Topics and Insights

The earnings call will cover a wide range of critical topics, including:

  • Q2 Financial Results: Commentary on our recent financial performance.
  • Sales Trajectory: Updates on our sales momentum and market growth.
  • Operational Success: Insights into our current operational ramp-up and strategic initiatives.
  • Future Plans: Commentary on our roadmap towards cash flow positivity and improving product margins.
  • Product Launches: Exciting announcements regarding our new products, including the highly anticipated COR & SOLIS systems.

CEO's Statement

"Q2 was an incredibly dynamic quarter and marks the beginning of Worksport's continued sales growth" said Steven Rossi, CEO of Worksport. "This earnings call is an opportunity to provide transparency on current operations, provide insights on future activities, and discuss our ongoing efforts toachievecash flow positivity, enhance product margins, and expand our market presence with innovative products like COR & SOLIS."

"We firmly believe Worksport is undervalued, and we have a lot to share with investors," added Rossi.

Join Us for the Earnings Call [August 13th at 4:30pm ET]

Registration: Earnings Call Webinar Link
Q&A Portal: Submit Your Questions

2024 Key Press-Releases:

Forward-Looking Statements
The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "project," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.