Earnings ·
Worksport Ltd. reported second-quarter 2026 financial results on August 11, 2026, achieving record net sales of $5.23…
WKSPWorksport Ltd
Worksport Ltd. reported second-quarter 2026 financial results on August 11, 2026, achieving record net sales of $5.23 million, a 27.4% year-over-year increase and a 57.9% sequential rise from Q1. Gross profit expanded to $1.65 million with gross margin reaching approximately 31.5%, while operating expenses declined roughly 17% sequentially. The company reported a net loss of $3.97 million, or $0.33 per share, narrowing significantly from the $5.83 million loss in Q1. Operating cash use decreased by approximately 58% to $3.44 million compared to the prior quarter. Worksport Ltd. is an innovator and manufacturer of hybrid and clean energy solutions, including tonneau covers and solar integrations, primarily for light trucks.