What are your margins?
Our margins for our subsidiary Worksport LTD used to be 18-24%. In 2017 we renegotiated our costs to manufacture and were able to reduce our cost by 17.9%, adding that directly to our bottom line. While our margins vary across our product lines we expect our profit margins to grow as our overall growth improvements in our economies of scale and we develop additional unique proprietary products. Our margins depend on each product line, its demand, inventiveness, and the clients negotiated price. Gross profit margin can range from 15% to over 100%. As we evolve our product line, we expect to have extremely enviable margins of profit because of our inventiveness, paired with our knack for protecting our inventions with a solid asset; our intellectual property portfolio.