Core Insights - Worksport Ltd. anticipates significant revenue growth in 2026, driven by projected sales of $27 million to $35 million from tonneau covers, alongside contributions from new product launches like the SOLIS solar-integrated tonneau cover and COR battery system [1][6]. Financial Performance - For Q3 2025, Worksport reported net sales of $5.0 million, marking a 61% increase year-over-year and a 22% increase sequentially, with a gross margin of 31.3% [1][6]. - Year-to-date (YTD) sales reached $11.4 million, more than double the sales from the same period last year, with a gross margin improvement from 7.9% in Q3 2024 to 31.3% in Q3 2025 [6][10]. Operational Efficiency - The company has achieved a gross margin increase of over 2300 basis points in nine months, with operating leverage becoming apparent as revenue grew nearly 60% year-over-year while core expenses increased only about 20% [2][6]. - Management aims for a gross margin of approximately 35% or higher by the end of 2025, supported by operational efficiencies and a higher-value product mix [6][10]. Product Launches and Market Expansion - The HD3 Heavy-Duty Tonneau is in production, with initial B2B sales expected in November 2025, expanding Worksport's offerings into the commercial and fleet markets [7]. - Orders for the SOLIS and COR products will open on November 28, 2025, with significant near-term revenue opportunities projected from these launches [7][10]. Future Outlook - The company projects a base case of $27 million to $35 million in U.S. tonneau sales for 2026, with additional revenue expected from the SOLIS and COR products, indicating a clear path to profitability [6][10]. - Worksport's balance sheet has strengthened, with total debt reduced and revolving capacity preserved for operational flexibility [6][10].