Worksport Q2 revenue record $5.23M, net loss narrows 32% sequentially

Worksport Ltd

Q2 net sales $5.23M, up 27.4% YoY and 57.9% sequentially; record quarterly revenue.
Gross profit $1.65M, up 52.5% YoY and 93.2% sequentially; gross margin 31.5% vs 26.4% YoY.
Net loss $3.97M ($0.33/sh) vs $5.83M ($0.54/sh) in Q1; operating loss narrowed 34% to $3.82M.
Operating cash use $3.44M in Q2, down 58% from $8.23M in Q1; targets positive operating cash flow in 2026.
First-half net sales $8.54M (+34.6% YoY), gross profit $2.50M (+69.4%); working capital $10.96M.

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