secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001641172-25-023335
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worksport Q2: revenue $4.1M (+114% YoY), gross margin 26.4%, operating loss improves 15% QoQ
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- Net sales $4.1M, up 114% YoY and 83% sequential; gross profit $1.08M (+173% YoY).
- Operating loss $(3.62)M, improved 15% QoQ; net loss $(3.73)M, narrowed ~16%.
- Operating cash use improved 19% to $(3.10)M; liquidity ~$6.1M.
- Reaffirms FY2025 revenue target ≥$20M; targets 30%+ gross margin by year-end.
- Added 450+ dealer accounts YTD; production ramping to 200 units/day by late Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000164117225023335/0001641172-25-023335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000164117225023335/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-023335

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