secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2026-08-11T20:00:16+00:00
Accession:  0001437749-26-026996
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worksport Q2 revenue record $5.23M, net loss narrows 32% sequentially
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- Q2 net sales $5.23M, up 27.4% YoY and 57.9% sequentially; record quarterly revenue.
- Gross profit $1.65M, up 52.5% YoY and 93.2% sequentially; gross margin 31.5% vs 26.4% YoY.
- Net loss $3.97M ($0.33/sh) vs $5.83M ($0.54/sh) in Q1; operating loss narrowed 34% to $3.82M.
- Operating cash use $3.44M in Q2, down 58% from $8.23M in Q1; targets positive operating cash flow in 2026.
- First-half net sales $8.54M (+34.6% YoY), gross profit $2.50M (+69.4%); working capital $10.96M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000143774926026996/0001437749-26-026996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000143774926026996/wksp20260629_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-026996

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer