secwatch.observer — SEC 8-K summary
======================================

Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001641172-25-026944
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worksport July 2025 revenue $1.71M record; gross margin 31% beats target early
------------------------------------------------------------------------------

- July revenue $1.71M (unaudited), fourth consecutive monthly record; gross margin 31%, achieving year-end 30% target one quarter early.
- Annualized run-rate (non-GAAP) above $20M+; management expects continued sequential growth.
- July production at strongest levels to date; product catalysts: HD3 (Q3), SOLIS+COR (Q4), ZeroFrost heat pump (2026).
- Gross margin expanded from 11% in Q4 2024 to 31% in July 2025, up 2,000+ bps in three quarters.
- FY 2025 revenue guidance reaffirmed at least $20M with gross margins 30%+ by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000164117225026944/0001641172-25-026944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000164117225026944/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-026944

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer