Earnings ·
Worksport reports Q3 net sales rise 44% YoY to a record $7.2 million
WKSPWorksport Ltd
Worksport Ltd. reported third-quarter net sales of $7.2 million, a 44.2% increase from the prior-year period and a 38.2% sequential gain, marking its second consecutive quarter of rising revenue. The company's net loss narrowed by 27% to $3.6 million, or $0.26 per share, down from $4.9 million in Q3 2025. Operating expenses decreased 11.7% year-over-year to $5.6 million, while operating cash use fell approximately 95% compared to the first quarter of 2026. Inventory declined by 20.6% to $9.6 million as sales outpaced restocking. Worksport Ltd. designs and manufactures hybrid and clean energy solutions for light trucks.