Earnings ·
Worksport reports preliminary Q3 net sales of $7.24M, reduces operating cash use 89% to $0.37M
WKSPWorksport Ltd
Worksport Ltd. announced preliminary third-quarter 2026 results showing record net sales of approximately $7.24 million, a 44% increase year-over-year and a 38% rise from the second quarter. Operating cash use improved significantly to approximately $0.37 million, an 89% reduction from Q2's $3.4 million loss, driven by converting inventory into sales. September net sales reached a company record of $2.68 million, with B2B and distribution channels accounting for 50% of that month's revenue. The company reported a backlog of approximately $740,000 at the end of the quarter. Worksport Ltd. designs, develops, manufactures, and sells tonneau covers, solar integrations, portable power systems, and clean heating solutions primarily for light trucks and overlanding markets.