$Worksport (WKSP.US)$ NEWS Worksport Reports 1,506% Surge in...
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Worksport Reports 1,506% Surge in Q1 Revenue, Announces Forward Guidance
Worksport (NASDAQ: WKSP) has announced a remarkable 1,506% surge in Q1 revenue for fiscal year 2024 compared to the same period last year. This significant increase is attributed to private label sales alongside a strategic reduction in operational expenses by 4.8%. The company, specializing in hybrid and clean energy solutions for light trucks and consumer goods, anticipates further improvements in gross margins in upcoming quarters. The financial results were disclosed for the quarter ending March 31, 2024.
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