EXCLUSIVE: Worksport Targets $2M in Savings With Strategic Cuts, Set to Launch New Clean-Tech Products in 2025

On Thursday, Worksport Ltd (NASDAQ:WKSP) announced new strategic cost-saving measures to boost operational efficiency and promote long-term growth.

The company anticipates saving $1.5 million in 2025, with an additional $0.5 to $1 million in related savings, without affecting revenues or growth.

Also Read: EXCLUSIVE: Worksport Nears Launch of Compatible Tonneau Covers for Rivian R1T Pickup

Key Highlights:

• Strategic Cost Savings: The cost-cutting initiatives, effective immediately, aim to reduce recurring expenses, improve margins, and preserve cash.
• Growth Focus: Worksport targets significant revenue growth in 2025 and aims to achieve cash flow positivity by expanding its tonneau cover business and launching clean tech products. These cost-saving efforts will accelerate ...

Full story available on Benzinga.com