The CEO's personal investment signals strong confidence in the company's turnaround. Traders should monitor upcoming Q2 2026 for the launch of the 'Game Changer' product and progress toward cash-flow positivity. The significant revenue growth and margin expansion suggest improving fundamentals, though the small market cap ($9M) indicates high risk.
Price Chart
Executive Summary
Worksport Ltd. CEO Steven Rossi acquired 88,214 shares at $0.8502 per share, valued at $75,000, in lieu of cash compensation. The company highlighted strong operational progress including revenue growth from $1.5M in 2023 to $16.1M in 2025, gross margin expansion from ~11% to ~30%, and a dealer network expansion to over 550 locations. Management reaffirmed confidence in the company's long-term strategy and path to cash-flow positivity in 2026.
Key Financial Metrics
Key Facts
- CEO Steven Rossi acquired 88,214 shares at $0.8502 per share (closing price on April 10, 2026) for $75,000 in lieu of cash compensation
- Shares issued pursuant to a stock purchase agreement dated April 13, 2026, approved by the Board of Directors
- Transaction conducted under exemption Section 4(a)(2) of the Securities Act
- Revenue grew from ~$1.5M in 2023 to $8.5M in 2024 and $16.1M in 2025, with 2026 forecast of $35M-$42M
- Gross margin expanded from ~11% in Q4 2024 to ~30% in Q4 2025, targeting ~35% in 2026
- Dealer network expanded from under 100 to over 550 locations across North America
- Company holds approximately $9.5M in inventory as of December 31, 2025
- Management targets operational cash-flow positivity in 2026 at $9M-$11M quarterly revenue at targeted margins
Financial Impact
CEO share acquisition valued at $75,000; no dilution impact as shares were issued for accrued compensation
Risk Factors
- Highly speculative small-cap stock with limited liquidity
- Forward-looking statements about cash-flow positivity and revenue targets may not materialize
- CEO compensation structure involving equity issuance could lead to future dilution
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-016482 |
| Document: form8-k.htm | 0001493152-26-016482 |
| Document: 0001493152-26-016482-index-headers.html | 0001493152-26-016482 |
| Document: 0001493152-26-016482-index.html | 0001493152-26-016482 |
| Document: 0001493152-26-016482.txt | 0001493152-26-016482 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | EFFECT | $0.3717 $0.3752 | ▼ −0.94% | ▼ −0.66% | $0.3240 (+12.83%) |
Oct 6, 2026 20d ago | 8-K | $0.3854 $0.3931 | ▲ +2.00% | ▲ +2.24% | $0.3240 (−15.93%) |
Aug 26, 2026 8w ago | 8-K | $0.5100 $0.6300 | ▲ +23.53% | ▲ +22.87% | $0.3240 (−36.47%) |
Aug 14, 2026 10w ago | 8-K | $0.6600 $0.6500 | ▲ +1.52% | ▲ +0.84% | $0.3240 (+50.91%) |
Aug 11, 2026 10w ago | 8-K | $0.6763 $0.6813 | ▲ +0.74% | ▲ +0.04% | $0.3240 (−52.09%) |
Jul 29, 2026 12w ago | 8-K | $0.5857 $0.6165 | ▲ +5.26% | ▲ +3.58% | $0.3240 (−44.68%) |
Jul 22, 2026 13w ago | 8-K | $0.6215 $0.6600 | ▲ +6.19% | ▲ +7.43% | $0.3240 (−47.87%) |
Jun 22, 2026 18w ago | 8-K | $0.8383 $0.8400 | ▲ +0.20% | ▲ +1.66% | $0.3240 (−61.35%) |
Jun 18, 2026 18w ago | 424B5 | $0.8383 $0.8400 | ▼ −0.20% | ▼ −1.66% | $0.3240 (+61.35%) |
Jun 9, 2026 19w ago | 8-K | $0.6366 $0.6326 | ▼ −0.63% | ▲ +0.95% | $0.3240 (−49.10%) |
US Market Status
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