secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2026-05-13T20:57:25+00:00
Accession:  0001493152-26-022772
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226022772/0001493152-26-022772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226022772/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022772

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