{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-24-010384","form_type":"8-K","ticker":"WKSP","cik":"0001096275","company_name":"Worksport Ltd","filed_at":"2024-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.266754+00:00","generated_at":"2026-06-01T19:03:57.305645+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Worksport Q1 revenue surges 1,506% to $512,637; to provide forward guidance May 23","bullets":["Q1 revenue $512,637 vs $31,925 YoY; US sales up 1,766%.","Gross margins based on private label sales; expects improvement in future quarters.","Inventory of $6.5M after strategic $2.9M investment in higher-margin products.","Received $2.8M grant from State of New York for production expansion.","Clean energy product pipeline includes SOLIS solar tonneau and COR portable energy system."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-24-010384","json":"https://secwatch.observer/filing/0001062993-24-010384.json","markdown":"https://secwatch.observer/filing/0001062993-24-010384.md","text":"https://secwatch.observer/filing/0001062993-24-010384.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1096275/000106299324010384/0001062993-24-010384-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1096275/000106299324010384/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T19:03:57.305645+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ba2b3262d701558f8ec949188c287db0e227d404","claim":"Worksport Ltd reported the first quarter of its fiscal year (Q1 FY 2024) ended March 31, 2024 results: revenue $512,637.","evidence_excerpt":"2024: Explosive Growth: Worksport Ltd. reported a staggering 1,506% increase in North American sales for Q1 2024 from Q1 2023, with revenues soaring from $31,925 in Q1 2023 to $512,637 in Q1 2024. US revenue alone experienced a remarkable 1,766% increase in Q1 2024 compared to Q1 2023. Worksport CEO, Steven Rossi said, \"We are proud to see such encouraging early","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1096275/000106299324010384/0001062993-24-010384-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of its fiscal year (Q1 FY 2024) ended March 31, 2024"},{"label":"Revenue","value":"$512,637"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}