earnings
confidence high
sentiment positive
materiality 0.65
Worksport posts record $2.52M July orders; net sales up 6.7% MoM to $2.22M; $30M ARR
Worksport Ltd
2026-Q2 EPS
reported -$0.87
vs consensus -$0.37
▼ miss
(-133.7%)
- July product orders hit record ~$2.52M; preliminary net sales $2.22M, up 6.7% from June and 60.6% from March.
- Preliminary gross margin 30.8%, third straight month above 30%; gross profit ~$0.68M.
- Monthly net sales rose every month in 2026 through July, from ~$1.38M in March to $2.22M in July, ~12.9% avg MoM growth.
- Month-end backlog ~$0.30M; annualized revenue rate $30M, expected to keep rising.
- CEO Steven Rossi cites consistent commercial momentum and focus on margin protection and cash performance.