Worksport Ltd. filings document the company's public-company disclosures as a Nevada corporation with common stock listed on Nasdaq. Recent reports include Regulation FD 8-Ks that furnish press releases on earnings communications, product launches, distribution relationships, certification milestones, revenue guidance, and commercialization of tonneau cover and portable energy products.
The filing record also covers governance and capital-structure matters, including a chief financial officer transition, principal financial and accounting officer designations, and an unregistered issuance of common stock for accrued executive compensation. Annual-report references tie the disclosure record to operating results, margin commentary, manufacturing efficiency, dealer-network expansion, online sales, B2B channels, and risk and compliance reporting for Worksport's automotive accessory and clean-energy product lines.
Worksport Ltd Chief Financial Officer Jennifer Anne Kartychak reported her initial beneficial ownership of company securities. She indirectly holds 19,768 shares of common stock through Arend Advisory Group LLC, an entity she owns. She also holds a non-qualified option for 100,000 common shares at an exercise price of $2.21 per share, expiring on January 5, 2036. According to the grant terms, 75,000 underlying shares vest in three equal annual installments, while 25,000 vest upon specified Board and cash flow breakeven milestones, in each case contingent on her continued employment.
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.
Rossi Steven F. reported open-market purchase transactions in this Form 4 filing.
Worksport Ltd director and CEO Steven F. Rossi acquired 88,214 shares of common stock on April 13, 2026. The shares were issued in satisfaction of previously accrued and unpaid bonus compensation and valued at $0.8502 per share, for an aggregate value of $75,000. Following this issuance, Rossi directly holds 2,614,085 shares of Worksport common stock.
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. files its annual report describing a niche business in tonneau covers, portable power systems and Terravis AetherLux heat pump technology, while expanding U.S. manufacturing and dealer networks. The company raised capital in 2025 through at-the-market stock sales, two warrant inducement deals totaling roughly $13.1 million in gross proceeds, and a $10.0 million Regulation A offering.
Management discloses substantial doubt about its ability to continue as a going concern after a 2025 net loss of approximately $19.4 million, an accumulated deficit of about $83.9 million, and cash of roughly $5.9 million plus $3.4 million available on a credit line as of year-end. A 1-for-10 reverse stock split and increases in authorized capital highlight reliance on external financing amid competitive, supply chain and geopolitical risks.
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.