Worksport Q3 revenue $5.0M (+61% YoY), margin 31.3%; targets 2026 profitability with $45M+ revenue

Worksport Ltd

2025-Q3 EPS reported -$2.44 vs consensus -$0.54 ▼ miss (-348.5%)

Q3 net sales $5.0M, up 61% YoY and 22% sequentially; gross margin 31.3% vs 7.9% in Q3 2024.
Net loss $4.93M ($0.75 diluted EPS loss) vs $4.13M loss ($1.40 loss) in Q3 2024.
YTD sales $11.4M, more than 2x prior year; YTD gross margin 26.7% vs 10.5% in 2024.
2026 base-case revenue $27-35M from tonneau covers, plus incremental tens of millions from SOLIS/COR; profitability expected.
SOLIS cover orders open Nov 28; COR Starter Kit MSRP $949; HD3 in production Oct 21, B2B sales start Nov.

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