earnings
confidence high
sentiment positive
materiality 0.70
Worksport reports 132% gross profit growth from April to June; June net sales $2.08M
Worksport Ltd
- Preliminary June net sales $2.08M, up 46% from April; gross profit $720K, up 132%.
- Gross margin run rate above 35% vs 26% in Q1 2026, improving ~1000 bps.
- Monthly gross profit increased $410K from April to June, outpacing revenue growth.
- Company expects to report complete Q2 2026 results by August 11, 2026.
- Management cites progress toward operational cash-flow positivity and profitability.