EXCLUSIVE: Worksport Tells Benzinga Co. Signs Long-Term Agreement With A Leading Automotive Aftermarket Reseller For US Factory Product And Expects $16M In Annual Sales And Expects Significant Growth And Demand At Its NY Factory
Portfolio Pulse from Benzinga Newsdesk
Worksport has signed a long-term agreement with a leading automotive aftermarket reseller for its US factory product. The company expects $16M in annual sales from this deal and anticipates significant growth and demand at its NY factory.
September 19, 2023 | 11:00 am
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POSITIVE IMPACT
Worksport's new long-term agreement with a leading automotive aftermarket reseller is expected to generate $16M in annual sales, indicating potential revenue growth.
The long-term agreement with a leading automotive aftermarket reseller is a significant development for Worksport. It not only provides a steady revenue stream but also opens up opportunities for growth and expansion. The expected $16M in annual sales is a substantial amount that could significantly impact the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The long-term agreement signed by Worksport could potentially impact the performance of its warrants (WKSPW), given the expected increase in annual sales and growth.
The performance of Worksport's warrants (WKSPW) is tied to the company's financial performance. The expected increase in annual sales from the new agreement could potentially boost the value of these warrants.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80