$WKSP·8-K

Worksport Ltd · Jun 22, 8:01 AM ET

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Worksport Ltd 8-K

Research Summary

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Updated

Worksport Ltd Announces 35% May Gross Margin, Targets $36M+ Revenue Run-Rate

What Happened
Worksport Ltd (NASDAQ: WKSP) filed an 8-K (Item 7.01) on June 22, 2026, disclosing a press release (Exhibit 99.1) titled “Worksport (NASDAQ: WKSP) Achieves 35% May Gross Margin, Lands Meyer Distribution, Targets $36M+ Revenue Run-Rate.” The release states the company achieved a 35% gross margin in May, announced a distribution arrangement with Meyer, and is targeting a revenue run-rate in excess of $36 million.

Key Details

  • Filing date: June 22, 2026 (Form 8-K, Item 7.01 Regulation FD disclosure).
  • May gross margin reported: 35%.
  • Distribution partner announced: Meyer (distribution arrangement referenced).
  • Revenue target: company cites a $36M+ revenue run-rate goal.

Why It Matters
These are company-reported, material operational metrics and a distribution update that investors can use to track Worksport’s sales momentum and margin trends. The 8-K attaches the press release as Exhibit 99.1; no additional financial statements or audited results were provided in this filing. Investors should consider these disclosed figures as company guidance and review future filings for verified quarterly results and more detail.

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