secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001493152-25-022110
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315225022110/0001493152-25-022110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315225022110/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-022110

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