Quarterly UpdatesJul 22, 2026, 08:17 AM
Worksport Gross Profit +132% (April-June); June Strongest Month
AI Summary
Worksport Ltd. announced preliminary and unaudited monthly financial performance for April through June 2026, showing significant improvement. The company reported a 132% increase in gross profit and a 46% rise in net sales during this period. June 2026 marked the strongest month in company history, with net sales of approximately $2.08 million and gross profit of $720,000, driven by a gross margin run rate now stable above 35%. The company believes this trend will lead to operational cash flow positivity and profitability.
Key Highlights
- Gross profit increased approximately 132% from April to June 2026.
- Net sales grew approximately 46% from April to June 2026.
- June 2026 net sales reached approximately $2.08 million.
- June 2026 gross profit was approximately $720,000.
- Gross margin run rate is stable above 35%, up from 26% in Q1 2026.
- Monthly gross profit increased by approximately $410,000 between April and June.
- The company aims for operational cash flow positivity and profitability in the near-term.
Price Impact
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