10:50 AM EDT, 10/17/2024 (MT Newswires) -- Worksport ( WKSP ) said Thursday it is implementing cost-saving measures as it eyes "significant" revenue growth in 2025 and an expansion of its tonneau cover business line.

The company said it expects the actions to lead to $1.5 million in expense savings next year, along with an additional $500,000 to $1 million in related savings, without negatively impacting revenue or growth.

Worksport ( WKSP ) said it doesn't expect any "material" delays for its three new products, including the AL4 tonneau cover.

Shares of Worksport ( WKSP ) were down 1.6% in recent trading.

Price: 0.55, Change: -0.01, Percent Change: -1.61