Worksportの空売り状況は、投資家がWorksportの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Worksport (NASDAQ:WKSP) 株価情報, 空売り情報

Worksport

Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.

Penny Stocks

Markets

WKSP

自動車メーカーが電気自動車（EV）の製造と改良に競っているかのように、ほぼ毎週新たなEVが登場するという感覚が近々する。

電気自動車市場に　新技術を搭載したプロトタイプが追加

Worksport Ltd

On Tuesday, Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) announced&nbsp;top-line revenues of&nbsp;roughly $2.9 million for&nbsp;the fourth quarter of 2024, up 246% year-on-year. This performance pushes Worksport&#8217;s&nbsp;year-end revenues to approximately $8.5 million, beating the previously announced guidance of&nbsp;$6 million to $8 million.
In December 2024, the margins jumped from the third quarter to 21.1%.
Gross margins in the fourth quarter of 2024 reflect a significant improvement over the third quarter of 2024, increasing by&nbsp;55%&nbsp;overall.
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Worksport expects the margin growth to have a&nbsp;material impact&nbsp;on its outlook and performance. The growth underscored the success of Worksport&#8217;s strategic shift towards higher-value, branded product lines.
The company forecasts further quarterly margin increases, especially towards the second half of 2025.
Worksport&nbsp;projects over $20 million in tonneau cover sales for 2025. In addition, the company expects further growth through strategic partnerships, upcoming flagship products like the&nbsp;SOLIS solar tonneau cover and the&nbsp;COR mobile power system in 2025, and a growing dealer network like the AL4, which will ship in January 2025.
Price Action: WKSP stock closed higher by 0.19% at $0.8232 Friday.
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Earnings

News

Guidance

Market-Moving Exclusives

Exclusives

Worksport Q4 Earnings: 246% Topline Growth, Sets $20 Million Revenue Target For 2025

Worksport Announces Q4 2024 Revenue Of $2.9M, Up From $839K In Q4 2023; Year-End Revenues At $8.5M; Margins Improved In December 2024 To 21.1%; Forecasts Over $20M Sales For 2025 With New Products And Partnerships; Sustainable Profitability Expected

<a href="https://investors.worksport.com/post/worksport-announces-new-partnership-with-large-distributor-in-the-midwest" title="https://investors.worksport.com/post/worksport-announces-new-partnership-with-large-distributor-in-the-midwest">https://investors.worksport.com/post/worksport-announces-new-partnership-with-large-distributor-in-the-midwest</a>
West Seneca, New York - June 5, 2024 - Worksport Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), a key U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is excited to announce a new sales partnership with a prominent Midwest distributor, renowned for its 50-year legacy in the automotive industry. Additionally, the Company is pleased to highlight its early execution and the growing opportunities within Worksport's product lineup.

Worksport Announces New Partnership with Large Distributor in the Midwest

Worksport Projects Exceeding 2024 Revenue Guidance Of $8M

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Scotiabank analyst Sung Ji Nam initiated coverage on Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) with a Sector Perform rating and announced a price target of $605. Thermo Fisher Scientific shares closed at $524.05 on Friday. <a href="https://www.benzinga.com/quote/TMO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs analyst Allen Chang initiated coverage on Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) with a Buy rating and announced a price target of $19.6. Pony AI shares closed at $13.16 on Friday. See how other analysts view this stock.</li>
<li>Compass Point analyst Dominick Gabriele initiated coverage on NCR Atleos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) with a Buy rating and announced a price target of $57. NCR Atleos shares closed at $32.33 on Friday. <a href="https://www.benzinga.com/quote/NATL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>D. Boral Capital analyst Jason Kolbert initiated coverage on Omeros Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMER#NASDAQ">OMER</a>) with a Buy rating and announced a price target of $36. Omeros shares closed at $10.31 on Friday. <a href="https://www.benzinga.com/quote/OMER/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Alliance Global Partners analyst Aaron Grey initiated coverage on Worksport Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) with a Buy rating and announced a price target of $2. Worksport shares closed at $0.8465 on Thursday. <a href="https://www.benzinga.com/quote/WKSP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying OMER stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="573" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-1024x573.png" alt="" class="wp-image-704444" style="width:622px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Initiation

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This Omeros Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Alliance Global Partners analyst Aaron Grey initiates coverage on Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) with a Buy rating and announces Price Target of $2.

Price Target

Alliance Global Partners Initiates Coverage On Worksport with Buy Rating, Announces Price Target of $2

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Shares of several companies in the auto and auto-related space are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points

Worksport shares are trading higher after the company provided business updates including growth in its dealer network, pre-orders from its leading distributors, and advances in BTC/XRP integration.

Reports 117% Dealer Network Growth, Secures Initial Pre-Orders from Leading Distributors, and Advances BTC/XRP Integration
West Seneca, New York, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd.&nbsp;(NASDAQ:<a href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) ("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, today provided a corporate update for December 2024. From accelerated sales, pre-orders, and expanding dealer networks, to establishing a proactive strategy in treasury management by incorporating Bitcoin ("BTC") and Ripple ("XRP"), Worksport is excited to share the latest updates.
Driving Growth Through Strategic Initiatives
Worksport's recent success reflects a series of strategic initiatives that have generated meaningful traction and interest. The Company's move to proactively diversify its corporate treasury—allocating up to <a href="https://www.globenewswire.com/Tracker?data=ncGsAZ-zpmJAcO0qwpxq05IOpYQCrQkUKvV0o9rU8lX_1mZZ7T7yeLNSsAxtbRpVhJZVUf9k2z_YKbI0fSzvVi-93cws_nvVpQkwtFN8ntfi_b7gPXqPcNEngW8XL00zwmr_4MD-nBdHhwvwMlQMggRBs9nlIjnX2tOuSYNW_K6kvzYoTyWrxk-llqex6koIpQahNwNVwK0Rekoz46xnH4_Z3q6tDTAF6Ubm3_aXL_ZfRFkU0lidtjMMjmVDYY7ukWXlTWCBLm2FwNLphCJOt8qoTIKheJsXwe9nBHJ1_1IpDsViDC6LZgpP3WkZ1plWuP8nwacHHJEOWvjuqRczFHom-aptiGz86k5jHC_Lmvwa2gRf3pThSmrJclNkKZcHHZa_RUAdQwPpez-g7KC0_A==">$5 million</a> in Bitcoin and Ripple, capped at 10% of excess cash—reinforces Worksport's belief in the long-term potential of digital assets as inflation-resistant stores of value. This approach, coupled with the Company's expanding product portfolio and dealer network, has strengthened its foothold in a rapidly evolving market.
"This past week marks an inflection point for Worksport's growth trajectory," said Steven Rossi, Chief Executive Officer of Worksport Ltd. "Our proactive decision to integrate Bitcoin and Ripple into our treasury strategy, coupled with noteworthy sales increases, 117% growth in our dealer network, and encouraging pre-orders volumes of our upcoming AL4 from two leading U.S distributors, reflects our commitment to innovation and long-term value creation. The attention we've received from leading crypto custodians further validates our approach, and we're eager to leverage their expertise to maximize returns on these digital assets by considering unique strategies like crypto staking."
Crypto Integration and Industry Recognition
Following the Company's announcement to adopt BTC and XRP in its corporate treasury, notable players in the cryptocurrency sector took notice. Two leading crypto custodians have approached Worksport with their services, and the Company is now evaluating these proposals to ensure secure, compliant custody of its digital asset holdings. As Worksport prepares to engage in initial BTC and XRP purchases, it is also exploring staking opportunities that could potentially enhance treasury returns. Worksport is actively working towards enabling crypto payments for purchases on its e-commerce platform, <a href="https://www.globenewswire.com/Tracker?data=_37Q6AD6PCFitnmqshgUmj5sy0NjTfpUCPFPA-n12cXrxcvKvH8oEgEj4CMOFanC_FRwEcO58yeyHlP-F-w8Po56N08651WgLTyF74PlIvw=">www.worksport.com</a>.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Worksport Reports 117% Dealer Network Growth, Secures Initial Pre-Orders, Advances $5M BTC/XRP Integration For Treasury Strategy, Evaluates Crypto Custody Services, Explores Staking Opportunities, And Prepares For E-Commerce Crypto Payments

<h3>Gainers</h3>
<ul>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares increased by 30.1% to $0.12 during Monday's pre-market session. The market value of their outstanding shares is at $1.7 million. </li>
<li>Tandy Leather Factory (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLF#NASDAQ">TLF</a>) shares increased by 23.19% to $4.94. The market value of their outstanding shares is at $41.6 million. </li>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) shares increased by 18.36% to $3.61. The company's market cap stands at $17.8 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) stock moved upwards by 16.73% to $0.9. The company's market cap stands at $29.6 million. </li>
<li>RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) shares moved upwards by 14.9% to $7.4. The market value of their outstanding shares is at $802.8 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares moved upwards by 12.35% to $2.0. The market value of their outstanding shares is at $15.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock declined by 17.1% to $0.78 during Monday's pre-market session. The company's market cap stands at $2.7 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock declined by 10.84% to $1.48. The market value of their outstanding shares is at $8.3 million. </li>
<li>Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) shares fell 10.68% to $0.6. The market value of their outstanding shares is at $196.0 million. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares decreased by 7.04% to $3.17. The market value of their outstanding shares is at $1.9 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock fell 6.93% to $2.69. The market value of their outstanding shares is at $2.4 million. </li>
<li>Kirkland's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) shares decreased by 6.26% to $1.85. The market value of their outstanding shares is at $24.2 million. As per the news, the Q3 earnings report came out yesterday. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

On Friday, Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) announced sales growth in its business-to-consumer (B2C) and business-to-business (B2B) segments for October and November 2024.
The company said it saw improved gross margins, a key objective in its strategic shift to selling the higher-margin Worksport branded products exclusively and discontinuing all current lower-margin private label programs.
CEO Steven Rossi said that during this holiday period, demand surged to over three times the company&#8217;s all-time daily sales record set in the third quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42349678/adobe-exudes-potential-to-go-from-laggard-to-leader-backed-by-healthy-subscription-improving-growth-metrices" rel="noreferrer noopener">Adobe Poised To Lead With Strong Subscriptions, Analyst Says</a>
In October 2024, B2C sales grew 16% compared to September. In November 2024, B2C sales rose 51% from September, reflecting growing consumer adoption of Worksport&#8217;s products.
In November, Worksport <a href="https://www.benzinga.com//node/42136912">announced an ambitious</a> target to increase its average monthly B2C sales by 100% to $1 million per month in the third quarter.
In October 2024, non-private-label B2B sales increased by 38% compared to September. In November 2024, non-private label B2B sales jumped 60% from September, demonstrating strong demand from dealers and distributors for Worksport-branded tonneau covers.
The upcoming launch of the premium AL4 product has the potential to surpass the demand for the AL3, the company said.
Worksport is also preparing for the entire market launch of its clean-tech power generation system, SOLIS, and COR, in 2025.
In line with its long-term growth strategy, Worksport has discontinued its private label sales, focusing only on Worksport branded B2C and B2B channels to capture higher margins and strengthen its brand identity.
This shift is already yielding results, with November 2024 gross margins improving notably compared to third-quarter 2024 levels, the company said.
It added that the revenue reduction from lower-margin private label sales has already been vastly replaced by strong growth in Worksport&#8217;s higher-margin branded sales.
Growth in the B2C and B2B segments will likely drive Worksport&#8217;s 2025 path to cash flow positivity, Worksport said.
The company anticipates improvements in gross margin as the company&#8217;s branded products gain traction and the factory achieves further economies of scale.
Price Action: WKSP stock closed higher by 6.40% at $0.6629 on Thursday.
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EXCLUSIVE: Worksport Shifts To Higher Margin Products, Sees Strong Demand In Holiday Season

EXCLUSIVE: Worksport Tells Benzinga Co. Sees 51% B2C And 60% B2B Sales Growth In November, Says Bosting Margins, And Accelerating Brand Expansion

Worksport shares are trading higher after the company announced it will adopt Cryptocurrency, Bitcoin, and XRP for its corporate treasury.

Treasuries

Worksport Announced It Will Adopt Cryptocurrency, Bitcoin And XRP For Corporate Treasury

Worksport Expands Workforce By 30% To Scale Production, Targets $1M Monthly Online Sales With 100% Growth, And Prepares For December Launch Of Higher-Margin AL4 Tonneau Cover With Second Shift Implementation

<h3>Gainers</h3>
<ul>
<li>Wag Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) stock rose 23.8% to $0.26 during Thursday's pre-market session. The market value of their outstanding shares is at $12.9 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock increased by 15.04% to $4.13. The company's market cap stands at $2.5 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) shares increased by 12.76% to $0.56. The company's market cap stands at $18.5 million. </li>
<li>Dream Finders Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFH#NYSE">DFH</a>) stock moved upwards by 11.07% to $31.0. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Universal Technical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) stock moved upwards by 10.15% to $21.91. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) stock moved upwards by 9.43% to $1.04. The company's market cap stands at $22.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cato (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CATO#NYSE">CATO</a>) shares decreased by 13.8% to $5.24 during Thursday's pre-market session. The company's market cap stands at $107.7 million. As per the news, the Q3 earnings report came out today. </li>
<li>Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) shares decreased by 13.07% to $1.73. The company's market cap stands at $34.0 million. The company's, Q3 earnings came out today. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares decreased by 12.52% to $0.12. The company's market cap stands at $4.5 million. </li>
<li>PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) stock fell 10.32% to $104.47. The market value of their outstanding shares is at $145.0 billion. As per the press release, Q3 earnings came out today. </li>
<li>Container Store Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>) shares decreased by 9.75% to $3.89. The company's market cap stands at $13.4 million. </li>
<li>Autozi Internet Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZI#NASDAQ">AZI</a>) stock decreased by 6.01% to $1.88. The market value of their outstanding shares is at $197.3 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

Worksport shares are trading higher after the company announced it retained Digital BD, Inc. to monitor and investigate potentially illegal short-selling activity of its stock.

Editor&#8217;s Note: The story has been updated to mention the quantity of restricted stock purchased by the CEO
On Thursday, Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) announced that it has retained Digital BD, Inc to monitor and investigate potentially illegal short-selling activity of its stock.
Rossi said the recent stock trading activity must reflect the business&#8217; health or significant growth pathways.
He said that the company sets new volume sales records almost daily while facing suspicious and volatile stock activity that it proposes to investigate thoroughly.
The company reported a 581% growth<a target="_blank" href="https://www.globenewswire.com/news-release/2024/11/13/2980701/0/en/Worksport-WKSP-Reports-Significant-581-YoY-Revenue-Growth-in-Q3-2024-Eyes-Record-2025.html" rel="noreferrer noopener">&nbsp;</a>in the third quarter and expects the 2025 revenue to exceed its market capitalization as of Wednesday. The sales are growing exponentially monthly, and three highly innovative products are set for near-term release, Rossi added.
Concurrently, CEO Steven Rossi has purchased 33,333 restricted Worksport shares at a 44% premium to the market price at $0.75 per share on November 19th.
Worksport has engaged&nbsp;Digital BD, a provider of&nbsp;Regulation SHO compliance monitoring, short sale trading analytics, and market integrity surveillance to safeguard shareholder value and address unusual trading patterns.
Digital BD will monitor daily short volume data from all U.S. exchanges, encompassing EXEMPT and&nbsp;NON-EXEMPT short sales, and will report its findings to the company.
Digital BD will scrutinize market makers trading&nbsp;Worksport shares daily for adherence to fair market-making requirements.
The Securities and Exchange Commission specifies that bona-fide market-making does not include activities related to speculative selling strategies for investment purposes that are disproportionate to usual market-making patterns.
Rossi expressed commitment to continuing its growth trajectory and protecting the interests of our shareholders.&nbsp;With the assistance of Digital BD, the company proposed to closely monitor trading activities to ensure compliance with all legal requirements.
CEO Rossi said Worksport as significantly undervalued and expects to unlock its true value. He also looks to discover, eliminate, and do everything possible to prevent future illegal short selling or open market manipulation of Worksport&#8217;s stock.
Worksport&#8217;s <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41953667/exclusive-worksports-q3-revenue-soars-581-as-new-product-lines-boost-growth-raises-2025-outlook" rel="noreferrer noopener">third-quarter revenue</a> reached $3.12 million, up by 581% year-over-year.
Price Action: WKSP stock traded higher by 5.42% to $0.53 premarket at the last check on Thursday.
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Legal

EXCLUSIVE: Worksport Ropes In Digital BD to Probe Short Selling, CEO Buys Stock At Premium (UPDATED)

EXCLUSIVE: Worksport Tells Benzinga It Has Retained Digital BD To Monitor And Investigate Potentially Illegal Short Selling Activity Of Its Shares; Says Digital DB Will Monitor Daily Short Volume Data From All US Exchanges And Report Its Findings To Co.

Short&nbsp;squeezes have been making and breaking investors for a century.&nbsp;One of the greatest short squeezes in history started on a SubReddit, where hundreds of thousands of retail investors drove the price of GameStop (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) shares up to an all-time high. While this will always&nbsp;a risky&nbsp;bet, GameStop remains a symbol of a company that went from representing retail struggles to executing a turnaround that defied expectations and conventions. Guided by an unorthodox CEO, just like the EV king Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) made history&nbsp;with&nbsp;its flamboyant CEO, Game Stop is an example of a remarkable shift that was led&nbsp;also by the company&rsquo;s largest shareholder. By transitioning from the pandemic-era turmoil to creating a robust financial footing, GameStop defied the logic of not only retail but of general business as it showed that one can survive by not growing.&nbsp;
But there are also lesser-known companies when it comes to the shorted universe, especially when it comes to the Tesla-made EV sector promising to revolutionize the future of the world.
Among such, there&rsquo;s an EV charging company EVgo Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evgo#NASDAQ">EVGO</a>) with extremely volatile shares that just reported a record breaking third quarter. Over the last year, EVgo counted 78&nbsp;moves greater than 5% till mid-October.&nbsp;EVgo was awareded by the market for signing a memorandum of understanding with its longtime technology partner, Delta Electronics&nbsp;Inc&nbsp;to co-develop next-generation charging architecture to offer&nbsp;a superior experience for its&nbsp;customers&nbsp;and&nbsp;advance long-term charging solutions, improving convenience and reliability. With its latest quarterly results, things are looking even more bullish as EVgo is doing a good job at&nbsp;containing losses, reporting revenue growth of 92% YoY as revenue amounted to $68 million, topping forecasts by 2.4%.&nbsp;Moreover, EVgo posted a record network throughput of 78 GWh which represents a 111% YoY increase as it added more than 270 new operational charging stalls.&nbsp;In addition, its customer base expanded with&nbsp;147,000 new accounts, with the total now exceeding 1.2 million. While it did post a net loss of $33.3 million,&nbsp;strategic investments and cost management did result in an improved adjusted EBITDA.
Then there&rsquo;s also&nbsp;Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), a manufacturer and innovator of &ldquo;made-in-USA&rdquo; tonneau covers, as well as hybrid and clean energy solutions for the light truck and&nbsp;consumer goods sectors, with very high short interest upon its latest earnings report. Worksport continues to write a remarkable early growth story filled with groundbreaking innovation. Worksport is eyeing a record 2025 as it just reported significant YoY revenue growth for the third quarter. During the third quarter, Worksport posted that revenue surged 581% YoY to $3.12 million, with B2C sales making 51% of total revenue as they grew from last year&rsquo;s&nbsp;$21,599 to now adding as much as $1.59 million to the overall sales table.&nbsp;
Back in August, Worksport reported just as&nbsp;impressive second quarter results for the period ended on June 30th, with revenue rising 860% YoY and 275% sequentially as it reached a new record of $1.92 million, and this was before several key launches. In September, Worksport launched the Alpha release of its clean energy off-grid power duo, the SOLIS solar-powered tonneau cover and COR portable battery system. The full launch is expected next year, while the AL4 tonneau cover will be released in the fourth quarter,&nbsp;bringing in substantial revenue in 2025. In 2025, Worksport is aiming to make&nbsp;200 tonneau covers per day as well as to achieve cash flow positivity. Moreover, Worksport opened another growth pathway by getting a U.S. government agency among&nbsp;its buyers.&nbsp;
Capitalizing on the rapid growth of another prominent EV startup, Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>), Worksport revealed that its existing lineup of premium tonneau covers is nearly finished compatibility engineering with the Rivian R1T, as it plans to also integrate its SOLIS solar cover and COR portable battery system in the future. Moreover, also in September, Worksport reported successful lab test results of its COR portable energy system as a range extender for Tesla EVs, including Model 3 and the Cybertruck, which opens further growth opportunities.&nbsp;
While Worksport and EVgo do not play at a level&nbsp;Tesla does, at least for now,&nbsp;they are still prominent EV players, and such shorted companies tell interesting growth tales that sometimes go down in history for their potential to&nbsp;revolutionize industries.&nbsp;&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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