WKSP

Worksport Ltd. (WKSP) Discusses Business Updates and Strategic Focus for Second Half of the Year Transcript

CEO Shares Letter to Shareholders, inviting them to attend the townhall; Management to discuss Nasdaq bid price compliance, 35% May gross margin, Meyer Distributing, $36M+ revenue run-rate target, direct investments, insider alignment, NEXUS traction, Terravis Energy, and the Company's 2026 execution plan. The live event will provide shareholders an opportunity to hear directly from CEO Steven Rossi and ask questions about Worksport's business momentum and long-term value creation strategy.

Company announces three major operating inflections: preliminary May record breaking gross margin of approximately 35% (up 660 Basis Points), a new Meyer Distributing relationship, and a $36M+ 12-month revenue opportunity supported by accelerating B2C and B2B growth. The announcement follows last week's premium-priced direct investment and highlights the distribution scale, margin expansion, and revenue drivers that management believes lead the Company's path toward near-term operational cash-flow positivity.

Major Investor Completes a Direct Investment Priced at $1.20 per Share - a Premium of More Than 100% to Recent Trading Levels The Investor Has Also Expressed Interest in Evaluating Up to $10 Million in Potential Additional Financing as Worksport Advances Its 2026 Growth Plan WEST SENECA, NY / ACCESS Newswire / June 18, 2026 / Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today announced a premium-priced direct investment from a specialized private investment firm based in Jericho, New York.

Founder & CEO continues to acquire equity , reflecting his confidence in the Company's progress toward achieving operational cash-flow positivity and his belief that the Company's current market valuation, trading significantly below book-value . does not fully reflect its underlying business, or growth potential.

Newly issued U.S. Patent No. 12,624,872 strengthens Worksport's clean-energy intellectual property around ZeroFrost™, the proprietary AetherLux™ heat-pump architecture designed to address one of the largest barriers to cold-climate heat-pump adoption: frost buildup and defrost-cycle performance loss.

Worksport Ltd. (WKSP) Q1 2026 Earnings Call Transcript

Q1 net sales reached $3.3 million with gross margin of 26%; Company enters Q2 with SOLIS and COR shipping, COR certified, NEXUS launched, Tri-State distribution added, and operational cash-flow targeted within 2026. WEST SENECA, NY / ACCESS Newswire / May 13, 2026 / Worksport Ltd.

New CFO brings public-company reporting, manufacturing finance, technical accounting, governance, and cash-flow planning experience in-house as Worksport scales toward its 2026 growth targets. WEST SENECA, NY / ACCESS Newswire / May 6, 2026 / Worksport Ltd.

Worksport CEO Steven Rossi will share the Company's growth story with institutional investors in New York City as Worksport continues expanding commercial execution, product availability, and investor visibility. Existing shareholders may also request meetings with Worksport management on May 6 and May 7.