We have proven that a committed team with outstanding leadership and experience in the market can accomplish great things and therefore create great investment opportunities. We entered the competitive tonneau cover market in the U.S. and Canada with high quality innovative products that are priced to sell and be profitable at the same time. And despite strong headwinds created by much larger competitors we have answered every challenge and continue to grow organically. Worksport already has shown to be one of the best companies to invest in to accelerate revenue growth.
We are growing and ready to move to the next level because we know that there is market demand for our products. However, our growth has been slowed by a lack of capital which is needed to scale our inventories to support serving the increasing number of customers who want to buy our products and complete development of our new Helios line which has the potential to impact the tonneau cover market.
Our Top Priorities:
Investment Opportunities: Build Inventory to Meet Market Demand
It is not a stretch to say that in 2017 alone we left at least $600k in annual sales on the table. This because we did not have all the inventory required to fill customer orders. The orders have to be filled instantly and therefore we have to increase our inventory. This creates great investment opportunities for our investors. As an investor or potential investor you know, once the required threshold for inventory is met, each sale can rapidly increase the cash flow and therefore grow the inventory and most importantly accelerate revenue growth.
Investment Opportunities: Complete Helios Technology
Our Helios product is a tonneau cover with the ability to convert sunlight into storable energy besides that the energy can be used for power electrical tools. This is one of the best investment opportunities for our future growth. It can also extend the driving range of a hybrid or fully electric light duty truck. We believe that this product has the potential to be a game changer in the truck accessory market. We are currently in the prototyping stage for Helios and additional funding would allow us to complete this product and bring it to market. While we seek funding, we are busy developing new ways to reduce our cost per unit. We have been quite successful at this outside investment will put us in a position to further reduce our unit cost and accelerate our revenue growth.
Soon to Be Dual Listed
We are currently trading on the OTCQB and are well into the process of achieving a dual listing on the Canadian Stock Exchange (CSE). Dual listing OTC and CSE is expected to happen by the end of Q3 2018.
Our approach to working with our investors follows the same principles we use in working with our subsidiaries and the same principles they use in working with their employees and management teams.
We invite you to consider joining our team as an investor.