---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-010829"
form_type: "8-K"
ticker: "WKSP"
cik: "0001096275"
company_name: "Worksport Ltd"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T04:29:35.287007+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Worksport Q1 revenue $2.24M (+337% YoY); gross margin 18% vs 7% YoY; FY25 rev guidance $20-25M

## Summary
- Revenue $2.24M, up 337% from $512k in Q1 2024.
- Gross margin 18%, improved from 7% in Q1 2024 and 11% in Q4 2024.
- Net loss $4.46M ($1.05 loss per share), compared to $3.71M loss ($1.75 loss per share) in prior year.
- Full-year 2025 revenue guidance of $20M to $25M, targeting cash flow breakeven by year-end.
- Working capital $7.94M with $5.1M cash; core growth driven by new AL4 tonneau cover.

## SEC filing metadata
- accession: 0001641172-25-010829
- form_type: 8-K
- ticker: WKSP
- cik: 0001096275
- company_name: Worksport Ltd
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096275/000164117225010829/0001641172-25-010829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096275/000164117225010829/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-010829
- JSON: https://secwatch.observer/filing/0001641172-25-010829.json
- Plain text: https://secwatch.observer/filing/0001641172-25-010829.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.