secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2026-10-06T12:31:21+00:00
Accession:  0001493152-26-045870
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Worksport books $2.92M August orders, up 16.4% MoM; annualized order run rate hits $35.05M
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- August 2026 sales orders of ~$2.92M, up 16.4% from July's $2.51M; preliminary net sales rose 5.6% MoM to $2.34M.
- Estimated month-end backlog jumped 145.1% to ~$898,000 from an updated July balance of $366,000, as orders exceeded invoicing by ~$532,000.
- Annualized sales-order run rate of $35.05M vs $30.13M based on July orders, an increase of ~$4.93M, or 16.4%.
- Monthly net sales grew from ~$937,000 in January to $2.34M in August (~150%), with growth every month; August was the fourth straight month of preliminary gross margin above 30%.
- CEO Steven Rossi said sustaining 30%+ margins while growing revenue could narrow the gap to positive operating cash flow; figures are preliminary and unaudited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226045870/0001493152-26-045870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226045870/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045870

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