Worksport Ltd. announced preliminary unaudited results for July 2026, reporting record monthly product orders and its seventh consecutive month of sales growth. This performance has propelled the company to a $30 million annualized revenue rate, with gross margins remaining above 30% for the third straight month.
Key Details
- Record July Orders: Gross product orders reached a company record of approximately $2.52 million.
- Preliminary Net Sales: July net sales were approximately $2.22 million, a 6.7% increase from June 2026.
- Financial Milestone: The company has reached an annualized revenue rate (ARR) of $30 million.
- Gross Margin: Preliminary gross margin for July was 30.8%, the third consecutive month above 30%.
- Month-End Backlog: The company reported a backlog of approximately $0.30 million in firm orders at the end of July.