Worksport Ltd. announced preliminary unaudited financial results for the April to June 2026 period, highlighting significant growth in both gross profit and net sales. The company reported that June 2026 was the strongest month in its history, driven by substantial gross margin expansion. This performance is seen as a key step toward achieving operational cash flow positivity in the near-term.
Key Details
- Performance Growth (April-June 2026): Net sales increased by approximately 46% while gross profit surged by approximately 132%.
- June 2026 Highlights: Preliminary results show net sales of approximately $2.08 million and gross profit of approximately $720,000 for the month.
- Margin Expansion: The company's gross margin run rate is now above 35%, a significant increase from 26% in Q1 2026.