Worksport Q1 net sales up 48% YoY to $3.3M; gross margin improves to 26%

Worksport Ltd

2026-Q1 EPS reported -$0.54 vs consensus -$0.53 ▼ miss (-1.8%)

Net sales $3.31M (+47.9% YoY); gross profit $854K (+115.5%); gross margin 26% vs 18% YoY.
B2C sales $1.8M (~1,700 covers); B2B $1.5M (~2,300 covers); 99% from hard tonneau covers.
Inventory $11.6M for product readiness; working capital $6.6M at March 31, 2026.
Company targets cash-flow positive operations within 2026; no AetherLux revenue projected for 2026.
Distribution partnership with Tri-State added; NEXUS launched, SOLIS and COR shipping.

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