Worksport Q2: revenue $4.1M (+114% YoY), gross margin 26.4%, operating loss improves 15% QoQ

Worksport Ltd

2025-Q2 EPS reported -$1.71 vs consensus -$0.85 ▼ miss (-100.8%)

Net sales $4.1M, up 114% YoY and 83% sequential; gross profit $1.08M (+173% YoY).
Operating loss $(3.62)M, improved 15% QoQ; net loss $(3.73)M, narrowed ~16%.
Operating cash use improved 19% to $(3.10)M; liquidity ~$6.1M.
Reaffirms FY2025 revenue target ≥$20M; targets 30%+ gross margin by year-end.
Added 450+ dealer accounts YTD; production ramping to 200 units/day by late Q3.

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