Worksport reports 35% May gross margin, adds Meyer Distributing, targets $36M+ revenue run-rate

Worksport Ltd

Preliminary May 2026 gross margin ~35% (up from 28.4% in Q1 2026 and 11% in Dec 2024).
Secured Meyer Distributing as multinational distribution partner; initial purchase order for Worksport tonneau covers.
B2C activity ~$12M annualized; B2B potential ~$24M+ with Meyer, supporting $36M+ total annualized revenue opportunity.
Targets initial operational cash-flow positivity within 2026; estimates ~$9M quarterly revenue needed at 35% gross margin.

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