secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2026-03-26T23:59:59+00:00
Accession:  0001493152-26-012973
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worksport FY 2025 rev $16.1M (+90% YoY); guides 2026 rev $35M-$42M, targets cash flow positive H2 2026
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- Net sales $16.1M (89.8% YoY increase); gross margin expanded to 28% from 11%.
- Net loss $19.4M ($3.16 per share) vs $16.2M loss ($5.84 per share) in 2024.
- FY 2026 revenue guidance $35M-$42M; gross margin target 35%; dealer network targeted at 1,500 locations.
- Expects initial operational cash-flow positivity in second half of 2026.
- New-generation hard tonneau cover with patented capabilities to launch early Q2 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226012973/0001493152-26-012973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226012973/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-012973

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