Red Flags Detected

  • Going Concern (worsened) — Auditor explicitly expressed substantial doubt about ability to continue operations; accumulated deficit grew from $64.5M to $83.9M despite revenue doubling.
  • Material Weakness (worsened) — Internal control deficiency persists into second year with remediation timeline pushed from Q2 2025 to 'later in 2026,' though severity improved from multiple misstatements to one.
NASDAQ: WKSP Worksport Ltd 10-K

Worksport doubles revenue to $16M but losses widen; heavy equity dilution funds operations

Filed March 26, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 27, 2025 · ~2 min read

5 material changes detected in this filing.

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