Worksport Ltd. announced strong preliminary sales and order results for August 2026, highlighting continued business momentum and an increased annualized sales-order run rate. The company reported its eighth consecutive month of sales growth, a significant increase in its order backlog, and maintained gross margins above 30%.
Key Details
- August Orders: Booked approximately $2.92 million in sales orders, a 16.4% increase from July 2026.
- Annualized Run Rate: The annualized sales-order run rate increased to $35.05 million, up from $30.13 million based on July's orders.
- Net Sales & Backlog: Preliminary net sales reached $2.34 million for August, while the estimated order backlog grew 145.1% to approximately $898,000.
- Gross Margin: August marked the fourth consecutive month with a preliminary gross margin above 30%.