The consistent monthly sales growth and improving gross margins are positive operational signals for this micro-cap. Traders should watch for the next quarterly filing (10-Q) to confirm these preliminary results are audited and to assess if the growth trajectory is sustainable, particularly regarding cash flow and profitability.
Price Chart
Executive Summary
Worksport Ltd. issued a press release disclosing preliminary and unaudited July 2026 results, including record product orders of approximately $2.52 million and preliminary net sales of $2.22 million, up 6.7% from June. The company also highlighted a preliminary gross margin of 30.8% (third consecutive month above 30%) and an annualized revenue rate of $30 million. While the sequential growth is notable for a micro-cap, the results are preliminary and unaudited, and the company's small revenue base limits the magnitude of the signal.
Key Facts
- Record product orders of approximately $2.52 million in July 2026.
- Preliminary net sales of approximately $2.22 million, up 6.7% from June 2026 and 60.6% from March 2026.
- Preliminary gross margin of 30.8%, marking a third consecutive month above 30.0%.
- Preliminary gross profit of approximately $0.68 million.
- Month-end backlog of approximately $0.30 million.
- Company claims an Annualized Revenue Rate of $30 million.
- Monthly net sales increased in every successive month of 2026 through July, averaging ~12.9% month-over-month growth for 5 months.
Financial Impact
Record monthly orders of $2.52M and net sales of $2.22M, with gross profit of $0.68M at a 30.8% margin.
Risk Factors
- Results are preliminary and unaudited, subject to change upon completion of the financial close process.
- Company is a micro-cap ($7M market cap) with a small revenue base, making growth rates volatile and less predictive.
- Forward-looking statements about $30M ARR and continued growth are not guaranteed and depend on order fulfillment and demand.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-040186 |
| Document: 0001493152-26-040186-index.html | 0001493152-26-040186 |
| Document: 0001493152-26-040186.txt | 0001493152-26-040186 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | EFFECT | $0.3717 $0.3752 | ▼ −0.94% | ▼ −0.66% | $0.3200 (+13.91%) |
Oct 6, 2026 20d ago | 8-K | $0.3854 $0.3931 | ▲ +2.00% | ▲ +2.24% | $0.3200 (−16.97%) |
Aug 26, 2026 8w ago | 8-K | $0.5100 $0.6300 | ▲ +23.53% | ▲ +22.87% | $0.3200 (−37.25%) |
Aug 14, 2026 10w ago | 8-K | $0.6600 $0.6500 | ▲ +1.52% | ▲ +0.84% | $0.3200 (+51.52%) |
Aug 11, 2026 10w ago | 8-K | $0.6763 $0.6813 | ▲ +0.74% | ▲ +0.04% | $0.3200 (−52.68%) |
Jul 29, 2026 12w ago | 8-K | $0.5857 $0.6165 | ▲ +5.26% | ▲ +3.58% | $0.3200 (−45.36%) |
Jul 22, 2026 13w ago | 8-K | $0.6215 $0.6600 | ▲ +6.19% | ▲ +7.43% | $0.3200 (−48.51%) |
Jun 22, 2026 18w ago | 8-K | $0.8383 $0.8400 | ▲ +0.20% | ▲ +1.66% | $0.3200 (−61.83%) |
Jun 18, 2026 18w ago | 424B5 | $0.8383 $0.8400 | ▼ −0.20% | ▼ −1.66% | $0.3200 (+61.83%) |
Jun 9, 2026 19w ago | 8-K | $0.6366 $0.6326 | ▼ −0.63% | ▲ +0.95% | $0.3200 (−49.73%) |
US Market Status
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