WKSP
Worksport Ltd.2.6100
+0.1200+4.82%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Guide risks, SOLIS/CORE ramps detailed
Q&A pinpointed 2026 guide risks ($35M-$42M), with the high end needing stable aluminum costs amid tariffs and strong consumer demand for premium tonneau/SOLIS products. SOLIS and CORE posted strong initial sales on 1,000 units each, yet ramps lag 90-120 days behind fresh marketing assets—Q2 acceleration eyed. AetherLux attracts OEM/government interest for licensing or divestiture. OEM partnerships progress toward announcements. Marketing spend steadies after front-loading. Ramps lag marketing rollout. Management stayed crisp on execution, what investors track next is SOLIS scale and macro resilience.
Key Stats
Market Cap
21.54MP/E (TTM)
-Basic EPS (TTM)
-3.64Dividend Yield
0%Recent Filings
10-K
FY2025 results
Worksport's FY2025 revenue rocketed 90% to $16.1M, driven by hard tonneau covers surging to $15.6M while soft covers slipped to $0.5M; gross margins leaped from 11% to 28% on scaled production and efficiencies that offset tariff hikes. Q4 momentum built on new AL4/HD3 launches and SOLIS/COR commercial debuts, with dealer networks expanding 42% sequentially and production hitting peaks—yet operating losses widened 22% to $18.8M from sales/marketing ramps. Cash swelled to $5.9M plus $3.4M revolver room after $22M in equity raises, funding capex and inventory to $9.5M. No annual guidance disclosed. Going concern doubts linger from $84M accumulated deficit.
8-K
Record sales, strong 2026 guide
8-K
New tonneau pre-orders launched
Worksport unveiled a new premium tonneau cover model at the Keystone BIG Show on March 19, 2026, securing early buyer interest from North America's top aftermarket distributor. Pre-orders are now live ahead of early Q2 production launch, targeting U.S. dealer network expansion. Buyers call it a game changer. Risks include supply chain delays and product acceptance.
8-K
COR™ certifications secured
Worksport secured key certifications for its COR™ portable energy system on February 19, 2026, including UN38.3, FCC, and CA Prop. 65, enabling unrestricted global shipping and U.S./Canada sales. UL safety certifications are expected in Q1 2026, unlocking 'Big Box' retail partnerships. Certifications pave the way. Supply chain delays remain a risk.
8-K
Government eyes Aetherlux deal
Worksport confirmed a large government entity is evaluating its Aetherlux heat pump with ZeroFrost technology for potential long-term supply, accelerating AHRI and ENERGY STAR certifications ahead of schedule. Prototypes arrive February 2026 for lab testing, targeting 2H 2026 revenue. Government interest validates the tech. Supply chain delays pose risks.
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