Worksport (Nasdaq: WKSP) Books $2.92M August Orders; Annualized Order Run Rate Reaches $35M
Key Highlights
- ➤August orders $2.92M, up 16.4% from July
- ➤Annualized sales-order run rate reaches $35.05M
- ➤Preliminary net sales rise 5.6% to $2.34M
- ➤Estimated backlog climbs 145.1% to approximately $898,000
- ➤Gross margin remains above 30% for four consecutive months
Expert Statements
Steven Rossi, Founder and Chief Executive Officer of Worksport
“Our approximately $35 million annualized sales-order run rate reflects growing demand and a meaningful opportunity to move Worksport toward positive operating cash flow.”
Steven Rossi, Founder and Chief Executive Officer of Worksport
“We have now maintained preliminary gross margin above 30% for four consecutive months.”
Steven Rossi, Founder and Chief Executive Officer of Worksport
“If we sustain that margin strength while growing revenue, we can generate more gross profit to cover operating expenses and narrow the gap to positive operating cash flow.”
Steven Rossi, Founder and Chief Executive Officer of Worksport
“Higher production volumes should also help us spread fixed manufacturing costs across more units, supporting further margin improvement as we scale.”
Steven Rossi, Founder and Chief Executive Officer of Worksport
“Our priority is to convert this higher order pace into shipments and cash while keeping spending disciplined, so revenue growth translates into a financially stronger business for shareholders.”
WEST SENECA, NY / ACCESS Newswire / October 6, 2026 / Worksport Ltd. (Nasdaq:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today announced preliminary August 2026 sales orders of approximately $2.92 million, an increase of 16.4% from July 2026, representing an annualized sales-order run rate of $35.05 million. Preliminary net sales increased 5.6% to $2.34 million, while estimated month-end backlog rose to approximately $898,000, reflecting order intake that exceeded invoicing during August.
Worksport's preliminary monthly net sales increased from approximately $937,000 in January to $2.34 million in August, representing growth of approximately 150%. Each successive month exceeded the previous month across the January-to-August period, with monthly growth averaging approximately 14.6% across 2026.
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