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Worksport (WKSP) investor relations material
Worksport Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Designs, develops, and manufactures products for automotive accessories, consumer electronics, and HVAC markets, with a focus on tonneau covers, solar-integrated covers, portable power stations, and green energy systems.
Monetizes a growing IP portfolio, including 22 issued utility patents, 49 pending applications, 50 design registrations, and 41 trademarks as of November 2025.
Recent business developments include strategic partnerships, ISO 9001 certification, expanded dealer network, and new product launches such as the SOLIS & COR nano-grid system and AetherLux Pro heat pump.
Manufacturing is both domestic (New York facility) and outsourced (China), with ongoing efforts to diversify suppliers and onshore production.
Financial performance and metrics
As of September 30, 2025, held $3.8 million in cash and cash equivalents, with an accumulated deficit of $77.6 million.
Completed a $10 million Regulation A offering in October 2025, strengthening the balance sheet and alleviating near-term liquidity concerns.
Net loss for the nine months ended September 30, 2025, was approximately $13.1 million, compared to $11.9 million for the same period in 2024.
Auditors have expressed substantial doubt about the ability to continue as a going concern due to historical losses and limited revenues.
Use of proceeds and capital allocation
Net proceeds from offerings are intended for general corporate purposes, working capital, and potentially for acquisitions or investments in complementary businesses or technologies.
Management has broad discretion over the use of proceeds, with no specific commitments to acquisitions as of the filing date.
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