Operating ExpensesOperating expenses were $6.4M, up 53.2% y/y, above the $4.8M forecast, with sales and marketing expenses rising due to efforts to sell new products.
Revenue GuidanceWKSP effectively reduced 2025 revenue guidance by introducing a range of $17M–$21M, up 100%–148% y/y, which at the midpoint is below prior guidance for 2025 revenue >$20M.
Share PerformanceDespite meaningful progress in growing revenue and increasing margins, shares of WKSP have been slower to respond, with a significant decline in share value compared to the broader market.