Worksport, Ltd. 8-K Filings

Worksport Ltd. (WKSP) reported the results of its 2026 Annual Meeting of Shareholders held on September 3, 2026. As of the July 7, 2026 record date, the capital structure included 15,282,595 common shares, 100 shares of Series A Preferred Stock, and 427,912 shares of Series C Preferred Stock outstanding. The Series A Preferred carries 51% of the company’s total voting power and is beneficially owned entirely by Chief Executive Officer Steven Rossi; the Series C Preferred has no voting rights.

A total of 24,005,818 votes, or 76.94% of total voting power, were represented, constituting a quorum. Shareholders elected five directors—Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol and Ned L. Siegel—with votes for each nominee around 18.1–18.2 million and broker non-votes of 5,511,481. Shareholders also approved the ratification of Lumsden & McCormick, LLP as independent registered public accounting firm for the year ending December 31, 2026 (23,569,620 votes for; 363,560 against; 72,638 abstentions).

On an advisory, non-binding basis, shareholders expressed support for the Board considering special dividends in connection with any sale of a business unit or material asset (21,904,023 votes for; 2,031,649 against). Shareholders authorized the Board, in its discretion, to effect one or more reverse stock splits in a range of 1‑for‑2 to 1‑for‑250, or one or more forward stock splits, at any time prior to the second anniversary of the meeting, with the ability to abandon such actions if deemed advisable. A separate Proposal No. 5 was withdrawn during the meeting and was not voted upon.

Worksport Ltd (WKSP) entered into a common stock warrant exercise inducement offer with an existing warrant holder on August 27, 2026. The holder agreed to exercise for cash December 2025 warrants covering 3,840,421 shares of common stock at a reduced exercise price of $0.60 per share, in exchange for new inducement warrants to purchase up to 4,800,526 shares.

Worksport expects to receive gross proceeds of about $2.30 million before fees and expenses, to be used for general corporate and working capital purposes. The inducement warrants become exercisable six months after issuance, have a five-year term, include 4.99%/9.99% beneficial ownership caps, allow cashless exercise if resale registration is unavailable, and contain protections and a Black Scholes cash purchase right in certain Fundamental Transactions. Worksport agreed to file a resale registration for the inducement warrant shares within specified 40–90 day timelines and to limit other equity issuances and Variable Rate Transactions for periods of 60 days and six months, respectively.

Worksport Ltd (WKSP) reported preliminary, unaudited operating metrics for July 2026 showing strong top-line momentum and improved profitability. The company recorded a monthly record for gross product orders of approximately $2.52 million. Preliminary net sales were approximately $2.22 million, up 6.7% from June and 60.6% from March, with about $0.30 million of firm orders remaining in backlog at month-end. Preliminary gross profit was about $0.68 million, reflecting a gross margin of 30.8%, the third consecutive month above 30%. Based on these levels, Worksport states that its Annualized Revenue Rate is $30 million, which it anticipates will continue rising.

Worksport Ltd. reported receiving a Nasdaq notice on August 13, 2026 that its common stock no longer meets the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), which requires a bid price of at least $1.00 per share for continued listing on the Nasdaq Capital Market.

Based on 30 consecutive business days from July 1, 2026 through August 12, 2026, the company fell below this threshold and now has 180 calendar days, until February 9, 2027, to regain compliance by maintaining a closing bid of at least $1.00 for at least 10 consecutive business days. During this period, the stock will continue trading on the Nasdaq Capital Market under the symbol WKSP, and the company may seek an additional 180-day extension or consider actions such as a reverse stock split.

Worksport Ltd. reported strong Q2 2026 operating improvement with record quarterly net sales of $5.23 million, up 27.4% year over year and 57.9% sequentially. Gross profit rose to $1.65 million, increasing 52.5% year over year and 93.2% from Q1, while gross margin expanded to about 31.5% from 26.4% in Q2 2025 and 25.8% in Q1 2026.

Sequentially, operating expenses declined about 17%, operating loss narrowed about 34%, and net loss improved about 32% to $3.97 million versus $5.83 million in Q1 2026. Net cash used in operating activities fell to roughly $3.44 million from $8.23 million in Q1, a 58% reduction. Despite progress, the company remains loss-making, with a six‑month 2026 net loss of $9.79 million and an accumulated deficit of $93.72 million. Cash and cash equivalents declined to $1.16 million at June 30, 2026 from $5.95 million at December 31, 2025, while total assets decreased to $28.09 million. Management emphasizes shifting from prior investment and launch activities toward revenue conversion, operating leverage and a path toward positive operating cash flow within 2026.

Worksport Ltd. scheduled its second quarter 2026 earnings conference call for August 11, 2026 at 4:30 p.m. Eastern Time, followed by an investor town hall featuring management discussion and shareholder Q&A.

CEO Steven Rossi described the quarter as “very strong” and said recent preliminary financial updates showed higher revenues, higher gross margins and that the company believes it is notably closer to positive cash flow. The recurring investor town hall series is intended to provide additional context on operating progress, strategic priorities and product development, and to give shareholders a forum for questions and dialogue.

Worksport Ltd. filed an amended current report to add detailed results of operations for preliminary, unaudited monthly performance from April through June 2026. Net sales rose from approximately $1.43 million in April to $2.08 million in June, an increase of about 46%, while gross profit grew from roughly $0.31 million to $0.72 million, up about 132%.

The company reports its gross-margin running rate is now stable above 35%, compared with 26% in Q1 2026, and that June 2026 was the strongest month in its history. Management states that higher sales, expanding margins and faster gross-profit growth are moving the business materially closer to cash-flow breakeven and could lead to operational cash-flow positivity and profitability if trends continue.

Worksport Ltd. reported preliminary, unaudited monthly results indicating sharp gross profit growth from April to June 2026. Net sales rose from approximately $1.43 million in April to $2.08 million in June, an increase of about 46%, while gross profit grew from roughly $0.31 million to $0.72 million, up about 132%.

The company states that gross margin has stabilized above 35%, compared with 26% in Q1 2026, meaning more profit from each dollar of revenue. Management believes that higher sales, expanding margins and faster gross profit growth are moving the business closer to operational cash-flow breakeven and eventual profitability, though full Q2 2026 results are still to be reported.

Worksport Ltd. announced that its stock closed above $1.00 on June 24, 2026, which it believes restores full compliance with Nasdaq’s minimum bid price requirement after a 75% rise over five trading days. The company is using this milestone to highlight recent operational progress and outline next steps.

Management reports a preliminary 35% gross margin for May, described as a new record, and points to a $36M+ annualized revenue opportunity supported by a new partnership with Meyer Distributing and growing demand for its NEXUS tonneau cover. Worksport plans an investor town hall on June 30, 2026, where CEO Steven Rossi will discuss revenue trajectory, margin expansion, distributor onboarding, clean-energy products such as SOLIS and COR, and the goal of achieving initial operational cash-flow positivity within 2026.

Worksport Ltd. completed two registered direct offerings with a single institutional investor, issuing 208,333 common shares at $1.20 per unit (each with one warrant) for gross proceeds of $250,000 and 675,529 common shares at $0.70 per share for approximately $472,870 in gross proceeds.

The first deal included warrants to purchase up to 208,333 shares at $1.50 per share, or up to 291,667 shares via cashless exercise, subject to a 4.99% (or 9.99% upon election) ownership cap. Placement fees were 7% on the first offering and 5% on the second.

The press release highlights Q1 2026 net sales of $3.3 million, up 47.9% year over year, gross profit of about $854,000, up 115.5%, and a 26% gross margin. Worksport reiterates a 2026 goal of initial operational cash-flow positivity, targeting $9 million in quarterly revenue with 35% gross margins.

Worksport Ltd. reported a sharp improvement in profitability metrics and outlined a larger sales pipeline. The company achieved approximately 35% gross margin in May 2026, up from 28.4% in Q1 2026 and about 11% in December 2024, based on preliminary unaudited internal results.

Management highlighted a new national distribution relationship with Meyer Distributing, alongside existing partners such as Tri-State Enterprises and Patriot Auto, to expand B2B reach. B2C sales are tracking near $1 million per month and B2B near $0.7 million per month, supporting a targeted $36 million+ 12‑month revenue opportunity. At roughly 35% gross margin, management estimates Worksport would need about $9 million in quarterly revenue to reach operational cash-flow positivity, which it continues to target within 2026.

Worksport Ltd. disclosed that on June 5, 2026 it issued 79,618 shares of common stock to its Chief Executive Officer, Steven Rossi, at $0.6280 per share, for an aggregate value of $50,000.10, in lieu of previously accrued cash bonus compensation. The transaction, completed under a Stock Purchase Agreement and approved by the Board, relied on a private-offering exemption under Section 4(a)(2) of the Securities Act. A June 9, 2026 press release highlighted that this is Rossi’s second such election and noted revenue growth from approximately $1.5 million in 2023 to $8.5 million in 2024 and $16.1 million in 2025, alongside initiatives aimed at achieving operational cash-flow positivity.

Worksport Ltd. has announced that its clean-energy subsidiary, Terravis Energy, has been granted U.S. Patent No. 12,624,872 B2 for its AetherLux heat-pump system incorporating ZeroFrost technology. The patent covers system and component architecture designed to maintain continuous heating while reducing or eliminating traditional defrost cycles.

The company positions AetherLux and ZeroFrost as targeting one of the main barriers to cold-climate heat-pump adoption: frost buildup and related performance loss. Worksport notes that global heat-pump markets are expected to grow substantially and that this patented platform is separate from its current core revenue drivers, but could support future commercialization, partnerships, and licensing opportunities. Certification for the technology is expected in the second half of 2026.

Worksport Ltd. reported strong Q1 2026 growth, with net sales rising 47.9% year-over-year to $3.31 million as it moved from launch readiness into broader commercialization. Gross profit increased 115.5% to $853,946, and gross margin improved to 26% from 18% a year earlier.

U.S. net sales represented about 99% of revenue, and hard tonneau covers generated roughly 99% of net sales, split between about $1.8 million B2C (1,700 covers) and $1.5 million B2B (2,300 covers. Inventory reached $11.6 million, with working capital of about $6.6 million and net property and equipment of $13.3 million, reflecting investment in product launches and its West Seneca manufacturing facility.

Management targets achieving operational cash-flow within 2026 and expects 2026 growth to be driven mainly by tonneau covers, expanded B2B/B2C channels, the new NEXUS cover, and early contributions from SOLIS and COR. Subsidiary Terravis Energy is advancing the AetherLux ZeroFrost heat pump, but the Company is not projecting AetherLux revenue in 2026.

Worksport Ltd. filed a current report announcing plans to discuss its first quarter 2026 results and engage more directly with shareholders. The company will host a Q1 2026 earnings conference call on May 13, 2026, at 4:30 p.m. Eastern Time, followed immediately by its first investor townhall webcast featuring management commentary, business updates, and live Q&A. Worksport describes this as the start of a recurring townhall series aimed at maintaining an open line of communication with investors and other interested parties.

Worksport Ltd. reported a planned finance leadership transition. Michael Johnston resigned as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer effective 5:00 p.m. Eastern on April 30, 2026, and the board stated his departure was not due to any disagreement over operations, policies or financial reporting.

Effective May 1, 2026, the board appointed Jennifer Kartychak as Chief Financial Officer, also serving as Principal Financial Officer and Principal Accounting Officer. She previously served as Vice President of Finance and has extensive public accounting, SEC reporting and corporate finance experience, including prior roles at Ernst & Young and Moog Inc.

Her Executive Employment Agreement, effective January 1, 2026, provides a $220,000 annual base salary, an annual cash bonus targeted at $75,000 based on corporate milestones and individual KPIs, and a non-qualified stock option for up to 100,000 shares of common stock at fair market value on the grant date, subject to time- and performance-based vesting. In connection with the CFO transition, the board also approved a stock grant of 13,000 shares to Arend Advisory Group LLC, an entity wholly owned by Ms. Kartychak.

Worksport Ltd. has signed Tri-State Enterprises as a new regional distribution partner for its tonneau cover lineup, including the recently launched Nexus cover. The company has already received two initial purchase orders covering a broad range of SKUs, with another order expected shortly.

Worksport projects the Tri-State account could reach seven-figure annual revenue in the near term and potentially become a recurring multi-million-dollar contributor to net sales. Tri-State serves thousands of wholesale customers across Arkansas, Missouri, Oklahoma, and Texas, operating about one million square feet of warehouse space and offering same-day delivery in select areas.

The partnership supports Worksport’s 2026 strategy to expand its U.S. dealer and distributor network and increase distributor-led sales. Management views the relationship as an important commercial win that can help scale Nexus adoption and convert recent product launches into repeatable revenue.

Worksport Ltd. has launched commercial sales of its new premium Nexus tonneau cover after starting production on April 13, 2026. The product is available through the company’s B2C website and B2B distribution network and targets usability, safety, and single-side operation improvements for truck owners.

The company reports approximately $250,000 in pre-orders interest from large distributors with multi-million-dollar annual purchasing capacity in the roughly $4 billion tonneau cover market. Management positions Nexus as a key pillar supporting previously announced full-year 2026 revenue guidance of $35–$42 million, with expectations that the platform can contribute millions in incremental revenue.

The Nexus cover features Worksport’s proprietary “Uplatch” system for single-side operation and automatic securing, heavy-duty 16-gauge aluminum construction, and a specialized protective coating, with MSRP ranging from $1,249 to $1,349 depending on vehicle application.

Worksport Ltd. reported that CEO Steven Rossi received 88,214 shares of common stock at a deemed price of $0.8502 per share, representing $75,000 of previously accrued bonus compensation. The shares were issued on April 13, 2026 under a stock purchase agreement and approved by the Board, relying on the Section 4(a)(2) registration exemption.

In an accompanying press release, the Company highlighted rapid net sales growth from about $1.5 million in 2023 to $8.5 million in 2024 and $16.1 million in 2025, a New York manufacturing facility appraised at about $9 million, inventory of roughly $9.5 million as of December 31, 2025, and gross margin expansion from about 11% in Q4 2024 to about 30% in Q4 2025. Management reiterated its focus on reaching operational cash-flow positivity in fiscal 2026.

Worksport Ltd. reported record fiscal 2025 results and issued 2026 revenue guidance of $35 million–$42 million, while targeting initial operational cash-flow positivity in the second half of 2026. Net sales for 2025 were $16.1 million, up 89.8% from $8.5 million in 2024, with gross margin improving to 28% from 11%. Online sales rose to $11.9 million, or 74% of revenue, and distributor and jobber sales increased to $4.2 million from $0.4 million. The partnered dealer network expanded to more than 550 locations, with a goal of 1,500 by the end of 2026. Despite this growth, Worksport posted a net loss of $19.35 million for 2025, compared with $16.16 million in 2024. As of December 31, 2025, total liquidity was about $9.3 million, including $5.95 million in cash and $3.4 million available under its revolving credit facility.

Worksport Ltd. is highlighting the development of a new premium tonneau cover aimed at professional and commercial truck users. The company presented the unreleased model at the Keystone BIG Show, securing early buyer interest and starting pre-orders ahead of a planned commercial launch expected in early Q2.

The cover is designed to support installer demand, dealer economics, and large-scale distribution, and is positioned as a key pillar of Worksport’s 2026 strategy to expand its U.S. dealer network and build an early revenue pipeline. It complements existing products such as the COR™ Portable Energy System and SOLIS™ Solar Tonneau Cover.

Worksport also reminded investors about an upcoming live earnings webcast on March 26, 2026 at 4:30 PM, where management plans to discuss operational progress, product development, financial outlook, and its path toward cash-flow positive operations.

Worksport Ltd. filed a current report describing progress toward full commercial launch of its COR™ portable energy system. The company has secured key transport, safety, and environmental certifications that clear the product for global shipping and federal sale requirements.

Worksport now holds UN38.3, MSDS and DGM965 approvals for lithium battery transport, as well as FCC and ISED certifications and compliance with California Proposition 65 and TSCA standards. Final UL and CSA safety certifications, along with DOE, CEC and Natural Resources Canada efficiency approvals, are expected in Q1 2026 and are described as critical for access to certain large B2B and “Big Box” retail partners.

The update also highlights the COR system’s pairing with the SOLIS solar tonneau cover to form a portable “Nano-Grid,” and notes ongoing discussions with OEMs, large fleets and potential master distributors to expand U.S. availability.

Worksport Ltd. is updating investors on progress at its Terravis Energy subsidiary as its Aetherlux™ Pro heat pump and ZeroFrost™ anti-frosting technology move toward third-party validation, certification, and early commercialization.

The company confirms a structured government evaluation of Aetherlux is underway and says engineering progress is accelerating the path to AHRI and ENERGY STAR® certification, with a stated line of sight to revenue in the second half of 2026. Management describes ZeroFrost as a materially undervalued intellectual property asset and highlights that the global heat-pump market is expected to exceed $150 billion by 2030. Prior milestones include a February 2025 product re-evaluation, an October 2025 award from the U.S. Department of Energy’s National Renewable Energy Laboratory, and selection of a manufacturing partner in January 2026.

Worksport Ltd. reported a breakout quarter with preliminary Q4 2025 net sales of $4.84 million, up 65% from $2.93 million a year earlier. Gross margin expanded to 32% from 11%, lifting quarterly gross profit to about $1.5 million, a 380% increase.

For full-year 2025, revenue reached a record $16.2 million, up 91% from $8.5 million in 2024. Management highlights its U.S. manufacturing shift, scrap reduction, and better fixed-cost absorption as key to offsetting aluminum prices that rose more than 35%.

Worksport is pivoting its SOLIS, COR, and Aetherlux clean-energy products from heavy R&D spending into a monetization phase, with COR and SOLIS beginning commercial launch in January 2026 and Aetherlux positioned for the large HVAC market.

Worksport Ltd. filed a current report to share that it has issued a 2026 business update press release. The release is titled “Worksport Provides 2026 Business Update: Clean Energy Products Shipping Now, OEM and Major Distribution Conversations Deepen, Record Growth Forecasted,” indicating that its clean energy products are already shipping and that discussions with original equipment manufacturers and major distributors are progressing. The company also characterizes its growth outlook as “record” in the release title. The press release is furnished as Exhibit 99.1 under a Regulation FD disclosure item and is not treated as filed for liability purposes.

Worksport Ltd. held its 2025 annual shareholder meeting on December 11, 2025. As of the October 16, 2025 record date, the company had 16,787,559 common shares and 100 shares of Series A Preferred Stock outstanding; the preferred shares carry 51% of total voting power and are beneficially owned entirely by Chief Executive Officer Steven Rossi. A quorum was reached with 12,369,649 common shares represented, or 73.68% of those outstanding.

Shareholders elected all five director nominees to serve until the 2026 annual meeting, ratified Lumsden & McCormick, LLP as independent registered public accounting firm for the year ending December 31, 2025, approved and ratified certain non-plan stock option grants, and approved amendments to the 2022 Equity Incentive Plan that shift its evergreen increase to a quarterly basis and raise the evergreen percentage from 15% to 18% of outstanding common stock. Shareholders also approved the potential adjournment of the meeting to allow additional proxy solicitation if needed.

Worksport Ltd. (WKSP) reported that it has released a new product update to the market. The company issued a press release titled “Worksport Announces HD3 Heavy-Duty Tonneau Cover Now Selling to B2B Dealers Following October Production Launch.” This indicates that the HD3 heavy-duty tonneau cover, which began production in October, is now being sold to business-to-business dealers. The announcement is being shared for informational purposes and is not accompanied by financial results or transaction details in this report.

Worksport Ltd. (WKSP) filed a current report to share a corporate update under Regulation FD. On November 18, 2025, the company issued a press release titled “Worksport ($WKSP) Accelerates U.S. Expansion With Major Missouri Operations Upgrade to Integrate Custom SOLIS Solar Covers, Signaling Next Phase of Growth.” The filing mainly serves to furnish this press release as an exhibit, indicating a planned upgrade of its Missouri operations to support custom SOLIS solar covers as part of its next growth phase. The information furnished under this item is not deemed filed for liability purposes under the securities laws.

Worksport Ltd. (WKSP) furnished a Regulation FD update via Form 8-K, attaching a press release as Exhibit 99.1. The release headline reports 61% revenue growth and a 31% margin in Q3 2025, and states the company is positioned for 2026 profitability with a $45M+ revenue target.

The disclosure is identified under Item 7.01 (furnished, not filed), which means it is provided for informational purposes and is not incorporated into Securities Act filings unless specifically referenced. The filing lists the Nasdaq trading symbol WKSP and includes the exhibit delivering these metrics and targets.

Worksport Ltd. (WKSP) furnished an Item 7.01 Regulation FD update stating it issued a press release titled “WORKSPORT ANNOUNCES FINAL PRICING AND INITIAL MODEL LINEUP FOR SOLIS SOLAR TONNEAU COVER.” The disclosure is provided as information and is not deemed filed under the Exchange Act. The press release is included as Exhibit 99.1. Worksport’s common stock trades on the Nasdaq under the symbol WKSP.

Worksport Ltd. (WKSP) furnished a Regulation FD update announcing it issued a press release titled “Worksport Releases Final COR System Specifications & Pricing.” The company provided this update under Item 7.01.

The information is being furnished, not filed under the Exchange Act, and is not subject to Section 18 liabilities or incorporated by reference unless specifically stated. The press release is included as Exhibit 99.1.

Worksport Ltd. (WKSP) furnished an 8-K under Item 7.01 announcing a press release titled “Worksport ($WKSP) to Showcase SOLIS™ and COR™ at SEMA 2025, Expanding Global Distribution Opportunities.” The company states this information is furnished, not filed, and thus not subject to Section 18 liabilities or automatically incorporated into other filings.

The filing includes Exhibit 99.1 containing the press release and a cover page Inline XBRL data file. The report date and earliest event reported are November 3, 2025.

Worksport Ltd. (WKSP) furnished an Item 7.01 Regulation FD update, noting it issued a press release titled “Worksport Announces Official Launch Date for SOLIS and COR Clean Energy Products.” The press release is provided as Exhibit 99.1.

The information furnished under Item 7.01, and Exhibit 99.1, is not deemed “filed” under Section 18 of the Exchange Act. The filing also includes Exhibit 104 for the cover page Inline XBRL data.

Worksport Ltd. filed an 8-K announcing, under Regulation FD, that it issued a press release titled “Worksport Announces New HD3 Heavy-Duty Tonneau Cover Now in Production.” The press release is furnished as Exhibit 99.1.

The company notes the Item 7.01 information and exhibit are furnished, not filed, and therefore are not subject to liabilities under Section 18 of the Exchange Act or incorporated by reference unless specifically stated. This is an informational update about a product now entering production.

Worksport Ltd. furnished a Regulation FD update announcing it issued a press release titled “Worksport Reports Record Q3 Revenue Growth and 2,300 Basis-Point Margin Expansion Ahead of Three Clean-Energy Product Launches.” The filing highlights a 2,300 basis-point margin expansion alongside record Q3 revenue growth and notes upcoming launches across three clean-energy products.

The disclosure, furnished under Item 7.01, includes the press release as Exhibit 99.1. Information provided under Item 7.01 is furnished, not filed, which limits its use for certain liability purposes. Shares of common stock trade on Nasdaq under the symbol WKSP.

Worksport Ltd. (WKSP) furnished a Regulation FD update announcing a press release that cites the successful close of $10 million Regulation A funding. The press release, attached as Exhibit 99.1, is titled “Worksport Ltd. Successfully Closes $10 Million Regulation A Funding; Launch-Ready and Fully Capitalized for Early 2026 Cash Flow Positivity.”

The furnished information under Item 7.01 is not deemed “filed” under the Exchange Act. Worksport’s common stock trades on The Nasdaq Stock Market LLC under the symbol WKSP.

Worksport Ltd. reported that its subsidiary Terravis Energy has been selected for a competitive NTAP award to analyze its ZeroFrost™ heat pump technology in Alaska. The company disclosed this by referring to a press release titled “Worksport Subsidiary Terravis Energy Selected for Competitive NTAP Award to Analyze ZeroFrost™ Heat Pump Technology in Alaska,” which is included as Exhibit 99.1 to the report. The disclosure is furnished under Regulation FD, meaning it is intended to share this information broadly with the market.

Worksport Ltd. filed a current report to share information from a new press release under Regulation FD. The company announced that its B2B sales are surging and that its active dealer network expanded by 42% in one quarter, suggesting rapid growth in its distribution reach. The filing mainly serves to furnish the press release as an exhibit rather than to provide full financial statements.

Worksport Ltd. filed a current report to inform investors that it released a corporate update press release titled “Worksport ($WKSP) Corporate Update: Record Margins, Strategic Expansion, Imminent Product Launch” on September 23, 2025. The press release, furnished as Exhibit 99.1, appears to focus on profitability (“record margins”), the company’s strategic expansion efforts, and an upcoming product launch, although detailed financial figures are contained in the exhibit rather than this report. The information is provided under Regulation FD, meaning it is intended to share the same update with all market participants at the same time.