Worksport July 2025 revenue $1.71M record; gross margin 31% beats target early

Worksport Ltd

July revenue $1.71M (unaudited), fourth consecutive monthly record; gross margin 31%, achieving year-end 30% target one quarter early.
Annualized run-rate (non-GAAP) above $20M+; management expects continued sequential growth.
July production at strongest levels to date; product catalysts: HD3 (Q3), SOLIS+COR (Q4), ZeroFrost heat pump (2026).
Gross margin expanded from 11% in Q4 2024 to 31% in July 2025, up 2,000+ bps in three quarters.
FY 2025 revenue guidance reaffirmed at least $20M with gross margins 30%+ by year-end.

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