Worksport Ltd. reports developments in automotive accessories and hybrid clean-energy products for light truck, overlanding, and consumer goods markets. The company designs, develops, manufactures, and owns intellectual property for tonneau covers, solar integrations, portable power systems, and clean heating and cooling solutions.
Recurring news includes product commercialization for the Nexus tonneau cover, the SOLIS solar tonneau cover, and the COR portable energy system; safety and compliance certifications for COR; U.S. manufacturing and distribution expansion; dealer, reseller, and retail channel activity; earnings calls and revenue guidance; executive finance leadership; and equity compensation or insider-share transactions. Updates also reference Worksport's hard-folding truck covers, B2C and B2B sales channels, and its focus on mobile energy storage and cold-climate heat-pump technology.
Worksport (NASDAQ:WKSP) has signed a non-binding term sheet to acquire a business selling a patented, U.S.-manufactured truck bed accessory. The proposed deal would be its first acquisition and would include an intellectual property portfolio. Worksport intends to expand beyond tonneau covers using its existing manufacturing infrastructure and sales channels, including bundling the accessory with its NEXUS cover during promotional periods after completion.
Completion depends on ongoing due diligence and negotiation and execution of definitive agreements. The company expects to close in the near term. Separately, preliminary, unaudited third-quarter results reported November 3 included record net sales of approximately $7.24 million and operating cash use reduced to approximately 5% of net sales. Distribution accounted for 50% of September net sales, and the customer database includes more than 50,000 targetable customers.
Worksport (WKSP) reported preliminary third-quarter 2026 results, with operating cash use falling 89% from the second quarter to approximately $0.37 million. Record net sales were approximately $7.24 million, up 44% year over year and 38% sequentially. Operating cash use equaled approximately 5% of net sales, versus 66% in the second quarter and 249% in the first.
Inventory fell to approximately $9.6 million at September 30 from $12.1 million at June 30. September net sales reached a record $2.68 million, with gross margins sustained above 30%. Business-to-business and distribution sales accounted for 50% of September net sales, versus 25% in December 2025. Estimated backlog reached approximately $740,000. Management believes available resources and further inventory conversion position the business to reach operating cash flow breakeven. Results are preliminary and unaudited, pending quarter-end review.
Worksport (Nasdaq: WKSP) announced preliminary August 2026 sales orders of approximately $2.92 million, extending its reported monthly growth in demand.
Orders increased 16.4% from July, producing an illustrative annualized sales-order run rate of approximately $35.05 million. Preliminary net sales rose 5.6% to $2.34 million and were approximately 150% above January; every month from January through August exceeded the preceding month. Invoiced sales increased 5.6% to approximately $2.39 million. Orders exceeded invoicing by approximately $532,000, lifting estimated backlog 145.1% to approximately $898,000. August was the fourth consecutive month with preliminary gross margin above 30%.
The figures are preliminary and unaudited. Order conversion to revenue depends on fulfillment and revenue-recognition requirements; the annualized run rate assumes a constant monthly pace and is not full-year guidance.
Worksport (WKSP) has made its COR Portable Energy System available on Amazon, adding a sales channel for its energy business. The marketplace listing complements existing direct-to-consumer sales and follows completion of COR's North American certification process, including UL and CSA approvals.
The COR starter bundle, containing one inverter and one battery, is currently listed at $799 on Worksport's website; Amazon pricing, configurations and delivery options are available on its product listing. Worksport plans to evaluate distribution of its SOLIS Solar Folding Truck Bed Cover through Amazon in Q4 2026 and, as COR sales through the marketplace evolve, evaluate expansion into Amazon markets in South America and Europe. COR operates independently of a vehicle and can also pair with SOLIS.
Worksport (WKSP) will host a live CEO town hall on Tuesday, September 15, 2026, at 12:05 p.m. Eastern Time via Zoom for shareholders and other stakeholders.
Founder and CEO Steven Rossi will discuss recent operating results, growth priorities, distribution expansion, product progress across NEXUS, SOLIS and COR, Terravis Energy’s development and certification priorities, recent financing, shareholder matters, and the path toward operational cash-flow positivity. The event follows Worksport’s July 23 update, which reported approximately 46% net-sales growth and 132% gross-profit growth from April to June, and its August 25 update on July’s preliminary, unaudited figures, including record product orders of about $2.52 million, net sales of about $2.22 million and a 30.8% gross margin.
The town hall will include CEO commentary and investor Q&A, with both advance and live questions addressed as time and disclosure rules allow.
Worksport (NASDAQ: WKSP) reported preliminary, unaudited July 2026 figures, highlighting gross product orders of approximately $2.52 million, a new monthly record. Preliminary net sales were about $2.22 million, up 6.7% from June and 60.6% from March, with roughly $0.30 million of firm orders in backlog at month-end. Based on July performance, the company’s stated Annualized Revenue Rate is $30 million.
Worksport said monthly net sales increased in every successive month of 2026 through July, averaging around 12.9% month-over-month growth for five months and rising from roughly $1.38 million in March to $2.22 million in July. Preliminary July gross profit was about $0.68 million, with a gross margin of 30.8%, marking a third consecutive month above the 30% level.
Worksport (NASDAQ: WKSP) reported record Q2 2026 net sales of $5.23 million, up 27.4% year-over-year and 57.9% sequentially. Gross profit rose 52.5% YoY to $1.65 million, with gross margin expanding to about 31.5%, versus 26.4% in Q2 2025 and 25.8% in Q1 2026.
Operating expenses were $5.47 million, about 17% below Q1 2026, narrowing operating loss by roughly 34% to $3.82 million. Net loss improved sequentially by about 32% to $3.97 million (or $0.33 per share). According to Worksport, derived Q2 operating cash use was approximately $3.44 million, down 58% from $8.23 million in Q1. First-half 2026 net sales increased 34.6% YoY to $8.54 million, with gross profit up 69.4% to $2.50 million. The company ended Q2 with about $10.96 million in working capital and $12.07 million in inventory.
Worksport (NASDAQ:WKSP) will hold its Q2 2026 earnings conference call on August 11, 2026 at 4:30 p.m. ET, followed immediately by an online investor town hall featuring CEO Steven Rossi, business updates, and shareholder Q&A.
Management plans to review Q2 2026 financial results and recent operating developments and will make a transcript, presentation, and audio replay available on the investor relations website after the event. According to Worksport, preliminary updates have indicated higher revenues, higher gross margins, and progress toward positive cash flow, and the CEO believes the current market valuation does not yet fully reflect this operating progress. The town hall is part of Worksport’s ongoing series to provide context on strategy, product development, and commercialization while allowing investors to submit questions in advance by email for possible inclusion, subject to time and disclosure considerations.
Worksport (NASDAQ:WKSP) reported preliminary, unaudited monthly results showing gross profit growth far outpacing net sales from April to June 2026. Net sales rose about 46%, from approximately $1.43 million in April to $2.08 million in June, while gross profit increased about 132%, from roughly $310,000 to $720,000.
According to Worksport, June net sales were about 21% higher than May’s $1.73 million, and June gross profit was about 15% above May’s $630,000. The company states its gross-margin run rate is now stably above 35%, compared with 26% in Q1 2026, and that stronger margins and higher gross profit per dollar of revenue are moving it materially closer to operational cash-flow breakeven. Full Q2 2026 results are expected around August 11, 2026, and figures remain subject to quarter-end procedures and potential adjustments.
Worksport (NASDAQ:WKSP) reported its stock closed above $1.00 on June 24, 2026, which it believes satisfies Nasdaq’s minimum bid rule, after a 75% rise in five trading days. Management highlighted preliminary 35% May 2026 gross margin (vs. 28.4% in Q1), a new Meyer Distributing partnership, a $36M+ 12‑month revenue run‑rate target supported by a current $21M+ 2026 run‑rate, recent premium‑priced direct investments, and CEO stock-based compensation. A live investor town hall is set for June 30, 2026, and Terravis Energy’s ZeroFrost heat‑pump technology is expected to seek product certification in the second half of 2026, subject to testing and other factors.