Growth trajectory is improving but the company is still pre-cash-flow-positive. The official Q2 filing (due ~Aug 11) will confirm whether these trends are sustained. Traders should watch for any adjustments to the preliminary numbers and for guidance on cash-flow breakeven timeline.
Price Chart
Executive Summary
Worksport reported preliminary monthly results showing strong sequential growth: net sales up ~46% from April to June ($1.43M to $2.08M) and gross profit up ~132% ($310K to $720K). Gross margin improved to above 35% from 26% in Q1 2026. The company is moving closer to cash-flow breakeven but remains pre-profitable and the figures are unaudited.
Key Facts
- June net sales approximately $2.08M, up 46% from April and 21% from May
- June gross profit approximately $720K, up 132% from April and 15% from May
- Gross margin run rate now stable above 35% vs 26% in Q1 2026
- Monthly gross profit increased by approximately $410K between April and June
- Company expects to report Q2 2026 financial results by about August 11, 2026
Financial Impact
Gross profit grew $410K over three months on a $650K increase in net sales; margin expanded ~900 bps from Q1 2026 average.
Risk Factors
- Figures are preliminary and unaudited, subject to adjustment
- Company is not yet cash-flow positive or profitable
- Small market cap ($10M) amplifies volatility
- No YoY comparison provided; only sequential months
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-034179 |
| Exhibit: ex99-1.htm | 0001493152-26-034179 |
| Document: 0001493152-26-034179-index-headers.html | 0001493152-26-034179 |
| Document: 0001493152-26-034179-index.html | 0001493152-26-034179 |
| Document: 0001493152-26-034179.txt | 0001493152-26-034179 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | EFFECT | $0.3717 $0.3752 | ▼ −0.94% | ▼ −0.66% | $0.3430 (+7.72%) |
Oct 6, 2026 21d ago | 8-K | $0.3854 $0.3931 | ▲ +2.00% | ▲ +2.24% | $0.3430 (−11.00%) |
Aug 26, 2026 8w ago | 8-K | $0.5100 $0.6300 | ▲ +23.53% | ▲ +22.87% | $0.3430 (−32.75%) |
Aug 14, 2026 10w ago | 8-K | $0.6600 $0.6500 | ▲ +1.52% | ▲ +0.84% | $0.3430 (+48.03%) |
Aug 11, 2026 10w ago | 8-K | $0.6763 $0.6813 | ▲ +0.74% | ▲ +0.04% | $0.3430 (−49.28%) |
Jul 29, 2026 12w ago | 8-K | $0.5857 $0.6165 | ▲ +5.26% | ▲ +3.58% | $0.3430 (−41.44%) |
Jul 22, 2026 13w ago | 8-K | $0.6215 $0.6600 | ▲ +6.19% | ▲ +7.43% | $0.3430 (−44.81%) |
Jun 22, 2026 18w ago | 8-K | $0.8383 $0.8400 | ▲ +0.20% | ▲ +1.66% | $0.3430 (−59.08%) |
Jun 18, 2026 18w ago | 424B5 | $0.8383 $0.8400 | ▼ −0.20% | ▼ −1.66% | $0.3430 (+59.08%) |
Jun 9, 2026 20w ago | 8-K | $0.6366 $0.6326 | ▼ −0.63% | ▲ +0.95% | $0.3430 (−46.12%) |
US Market Status
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