Worksport Secures Distribution Deal, Achieves 35% Margin and Targets $36M Revenue

Worksport Ltd. has revealed three significant operational advances. The company achieved a record 35% gross margin in May 2026, signifying an increase from 28.4% in the first quarter. Worksport also secured Meyer Distributing as a national partner, increasing its B2B reach.

The collaboration with Meyer Distributing offers Worksport access to a broader market of dealers, potentially expanding B2B revenue towards $24 million over the next year. This partnership comes as Worksport aims for a $36 million revenue run-rate, supported by growing B2C and B2B activities.

These milestones follow a premium-priced investment, reflecting investor confidence in Worksport's growth strategy. Management anticipates operational cash-flow positivity within 2026, leveraging improved production efficiency and expanding distribution channels.