Worksport annualizes August sales orders to $35.05 million run rate

Bitget2026/10/06 12:33

Worksport disclosed an annualized sales-order run rate of $35.05 million, based on preliminary August 2026 orders of $2.92 million. August orders rose 16.4% from July’s $2.51 million, while preliminary net sales increased 5.6% to $2.34 million. Estimated backlog climbed 145.1% to $898,000, as August orders exceeded invoicing by about $532,000. Management flagged a path toward positive operating cash flow if gross margin stays above 30% while revenue scales. Preliminary gross margin exceeded 30% for a fourth straight month, with monthly net sales up about 150% since January. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worksport Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-045870), on October 06, 2026, and is solely responsible for the information contained therein.

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