Worksport August Orders Hit $2.92M; Annualized Run Rate Reaches $35M

Worksport Ltd. announced strong August order performance, with sales orders reaching $2.92 million, a 16.4% increase from July, driving the annualized sales-order run rate to $35.05 million. Preliminary net sales for August were $2.34 million, up 5.6% from the previous month. The company also reported a significant increase in its estimated backlog, which grew to $898,000, a 145.1% rise. For the fourth consecutive month, preliminary gross margin exceeded 30%. CEO Steven Rossi expressed optimism that the increased order pace, combined with sustained margin strength, will lead the company towards positive operating cash flow.