{"success":true,"data":{"pressRelease":{"id":"128163","rtpr_id":"nACS6zLpDa","ticker":"WKSP","exchange":"NASDAQ","all_tickers":["WKSP"],"title":"Worksport (NASDAQ: WKSP) Posts Record $2.5M July Orders; Seven-Month Consecutive Sales Climb Continues; $30M ARR","author":"ACCESSWIRE","published_at":"2026-08-26T12:17:00.465Z","article_body":"Monthly net sales increased in every successive month of 2026 through July,\naveraging approximately 12.9% month-over-month growth for 5 months, while\npreliminary gross margin remained above 30% for a third consecutive month.\n\nJuly product orders reached approximately $2.52 million**, while preliminary\nnet sales from fulfilled orders reached $2.22 million and approximately $0.30\nmillion remained in backlog;\n\nWEST SENECA, NY / ACCESS Newswire (https://www.accessnewswire.com/) / August\n26, 2026 / Worksport Ltd. (NASDAQ:WKSP) (\"Worksport\" or the \"Company\"), a\nU.S.-based innovator and manufacturer of hybrid and clean energy solutions\nprimarily for the light truck, overlanding, and global consumer goods market,\ntoday announced preliminary and unaudited July 2026 results. Gross product\norders reached approximately $2.52 million, representing a new Company monthly\nrecord. Preliminary net sales reached approximately $2.22 million, up 6.7%\nfrom June and 60.6% from March, while approximately $0.3 million of firm\nproduct orders remained in backlog status at month-end. This places the\nCompany's Annualized Revenue Rate at $30M which the Company anticipates will\ncontinue rising.\n\nPreliminary July 2026 Highlights\n*\nRecord product orders: Approximately $2.52 million\n*\nPreliminary net sales: Approximately $2.22 million, up 6.7% from June\n*\nMonth-end backlog: Approximately $0.30 million\n*\nPreliminary gross profit: Approximately $0.68 million\n*\nPreliminary gross margin: 30.8%, marking a third consecutive month above 30.0%\n\nMonthly Net Sales Rise Without Interruption\n\nMonthly net sales progressed from approximately $1.38M in March to $2.22M in\nJuly, with several consecutive month over month increases.\n\nGross Profit Shows Stability at Elevated Levels\n\nJuly gross margin remained above 30% for the third consecutive month. The\nCompany believes this trend reflects a materially stronger gross-profit base\ncompared with the beginning of 2026, supported by continued growth in monthly\nsales volumes.\n\n\"July's performance shows that the growth platform we have built is producing\nmore consistent commercial momentum,\" said Steven Rossi, Founder and Chief\nExecutive Officer of Worksport. \"A record order month is important, but our\nlarger objective is to build a repeatable business that turns growing demand\ninto stronger gross profit and better cash performance. We are focused on\nfulfilling orders efficiently, converting inventory and protecting the margin\nprogress achieved this year. That discipline is how we intend to create\ndurable growth and long-term shareholder value.\"\n\nPreliminary Results and Order Definition\n\nThe July results contained in this release are preliminary and unaudited and\nremain subject to the completion of the Company's external financial reporting\nclose and review process.\n\n**Reference to product orders is an operating metric representing the\naggregate value of product orders completed during July. It is not equivalent\nto net sales recognized under U.S. generally accepted accounting principles.\nBacklog represents firm orders not yet fulfilled and will be reflected in net\nsales only after the applicable revenue-recognition requirements are\nsatisfied.\n\nStay tuned for more information and join our mailing list to stay up to date\nwith the latest: Join Worksport's Newsletter (https://pr.report/pirf)\n\nContacts\n\nInvestor Relations, Worksport Ltd. T: 1 (888) 554-8789-128\n\nW: investors.worksport.com (https://pr.report/pirg) W: www.worksport.com E:\ninvestors@worksport.com\n\nConnect with Worksport Chief Executive Officer, Steven Rossi\n\nSteven Rossi LinkedIn (https://pr.report/piri)\n\nAbout Worksport\n\nWorksport Ltd. (Nasdaq:WKSP), through its subsidiaries, designs, develops,\nmanufactures, and owns the intellectual property on a variety of tonneau\ncovers, solar integrations, portable power systems, and clean heating &\ncooling solutions. Worksport has an active partnership with Hyundai for the\nSOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and\nmanufactured in-house, is compatible with all major truck models and is\ngaining traction with newer truck makers including the electric vehicle (EV)\nsector. Worksport seeks to capitalize on the growing shift of consumer\nmindsets towards clean energy integrations with its proprietary solar\nsolutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump\n(CCHP) technology. Terravis Energy's website is terravisenergy.com\n(https://pr.report/pirj).\n\nConnect with Worksport\n\nPlease follow the Company's social media accounts on X (previously Twitter)\n(https://pr.report/pirk), Facebook (https://pr.report/pirl), LinkedIn\n(https://pr.report/pirm), YouTube (https://pr.report/pirn), and Instagram\n(https://pr.report/piro), the links of which are links to external third-party\nwebsites, as well as sign up for the Company's newsletters at\ninvestors.worksport.com (https://pr.report/pirp).\n\nSocial Media Disclaimer\n\nThe Company does not endorse, ensure the accuracy of, or accept any\nresponsibility for any content on these third-party websites other than\ncontent published by the Company. Investors and others should note that the\nCompany announces material financial information to our investors using our\ninvestor relations website, press releases, Securities and Exchange Commission\n(SEC\") filings, and public conference calls and webcasts. The Company also\nuses social media to announce Company news and other information. The Company\nencourages investors, the media, and others to review the information the\nCompany publishes on social media. The Company does not selectively disclose\nmaterial non-public information on social media. If there is any significant\nfinancial information, the Company will release it broadly to the public\nthrough a press release or SEC filing prior to publishing it on social media.\n\nForward-Looking Statements\n\nThe information contained herein may contain \"forward‐looking statements.\"\nForward‐looking statements reflect the current view about future events.\nWhen used in this press release, the words \"anticipate,\" \"believe,\"\n\"estimate,\" \"scheduled,\" \"expect,\" \"future,\" \"intend,\" \"plan,\" \"project,\"\n\"envisioned,\" \"should,\" or the negative of these terms and similar\nexpressions, as they relate to us or our management, identify\nforward‐looking statements. These statements are neither historical facts\nnor assurances of future performance. Instead, they are based only on our\ncurrent beliefs, expectations and assumptions regarding the future of our\nbusiness, future plans and strategies, projections, anticipated events and\ntrends, the economy and other future conditions. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks and changes in circumstances that are difficult to predict and many of\nwhich are outside of our control. Our actual results and financial situation\nmay differ materially from those indicated in the forward-looking statements.\nTherefore, you should not rely on any of these forward-looking statements.\nImportant factors that could cause our actual results and financial condition\nto differ materially from those indicated in the forward-looking statements\ninclude, among others, the following: (i) supply chain delays; (ii) acceptance\nof our products by consumers; (iii) delays in or nonacceptance by third\nparties to sell our products; and (iv) competition from other producers of\nsimilar products. More detailed information about the Company and the risk\nfactors that may affect the realization of forward-looking statements is set\nforth in the Company's filings with the SEC, including, without limitation,\nour latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.\nInvestors and security holders are urged to read these documents free of\ncharge on the SEC's web site at www.sec.gov. As a result of these matters,\nchanges in facts, assumptions not being realized or other circumstances, the\nCompany's actual results may differ materially from the expected results\ndiscussed in the forward-looking statements contained in this press release.\nThe forward-looking statements made in this press release are made only as of\nthe date of this press release, and the Company undertakes no obligation to\nupdate them to reflect subsequent events or circumstances.\n\nSOURCE: Worksport Ltd.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/automotive/worksport-nasdaq-wksp-posts-record-2.5m-july-orders-seven-month-consecutive-sales-climb-1211973)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACS6zLpDa","title":"Worksport (NASDAQ: WKSP) Posts Record $2.5M July Orders; Seven-Month Consecutive Sales Climb Continues; $30M ARR","author":"ACCESSWIRE","ticker":"WKSP","created":"2026-08-26T12:17:00.465Z","tickers":["WKSP"],"exchange":"NASDAQ","article_body":"Monthly net sales increased in every successive month of 2026 through July,\naveraging approximately 12.9% month-over-month growth for 5 months, while\npreliminary gross margin remained above 30% for a third consecutive month.\n\nJuly product orders reached approximately $2.52 million**, while preliminary\nnet sales from fulfilled orders reached $2.22 million and approximately $0.30\nmillion remained in backlog;\n\nWEST SENECA, NY / ACCESS Newswire (https://www.accessnewswire.com/) / August\n26, 2026 / Worksport Ltd. (NASDAQ:WKSP) (\"Worksport\" or the \"Company\"), a\nU.S.-based innovator and manufacturer of hybrid and clean energy solutions\nprimarily for the light truck, overlanding, and global consumer goods market,\ntoday announced preliminary and unaudited July 2026 results. Gross product\norders reached approximately $2.52 million, representing a new Company monthly\nrecord. Preliminary net sales reached approximately $2.22 million, up 6.7%\nfrom June and 60.6% from March, while approximately $0.3 million of firm\nproduct orders remained in backlog status at month-end. This places the\nCompany's Annualized Revenue Rate at $30M which the Company anticipates will\ncontinue rising.\n\nPreliminary July 2026 Highlights\n*\nRecord product orders: Approximately $2.52 million\n*\nPreliminary net sales: Approximately $2.22 million, up 6.7% from June\n*\nMonth-end backlog: Approximately $0.30 million\n*\nPreliminary gross profit: Approximately $0.68 million\n*\nPreliminary gross margin: 30.8%, marking a third consecutive month above 30.0%\n\nMonthly Net Sales Rise Without Interruption\n\nMonthly net sales progressed from approximately $1.38M in March to $2.22M in\nJuly, with several consecutive month over month increases.\n\nGross Profit Shows Stability at Elevated Levels\n\nJuly gross margin remained above 30% for the third consecutive month. The\nCompany believes this trend reflects a materially stronger gross-profit base\ncompared with the beginning of 2026, supported by continued growth in monthly\nsales volumes.\n\n\"July's performance shows that the growth platform we have built is producing\nmore consistent commercial momentum,\" said Steven Rossi, Founder and Chief\nExecutive Officer of Worksport. \"A record order month is important, but our\nlarger objective is to build a repeatable business that turns growing demand\ninto stronger gross profit and better cash performance. We are focused on\nfulfilling orders efficiently, converting inventory and protecting the margin\nprogress achieved this year. That discipline is how we intend to create\ndurable growth and long-term shareholder value.\"\n\nPreliminary Results and Order Definition\n\nThe July results contained in this release are preliminary and unaudited and\nremain subject to the completion of the Company's external financial reporting\nclose and review process.\n\n**Reference to product orders is an operating metric representing the\naggregate value of product orders completed during July. It is not equivalent\nto net sales recognized under U.S. generally accepted accounting principles.\nBacklog represents firm orders not yet fulfilled and will be reflected in net\nsales only after the applicable revenue-recognition requirements are\nsatisfied.\n\nStay tuned for more information and join our mailing list to stay up to date\nwith the latest: Join Worksport's Newsletter (https://pr.report/pirf)\n\nContacts\n\nInvestor Relations, Worksport Ltd. T: 1 (888) 554-8789-128\n\nW: investors.worksport.com (https://pr.report/pirg) W: www.worksport.com E:\ninvestors@worksport.com\n\nConnect with Worksport Chief Executive Officer, Steven Rossi\n\nSteven Rossi LinkedIn (https://pr.report/piri)\n\nAbout Worksport\n\nWorksport Ltd. (Nasdaq:WKSP), through its subsidiaries, designs, develops,\nmanufactures, and owns the intellectual property on a variety of tonneau\ncovers, solar integrations, portable power systems, and clean heating &\ncooling solutions. Worksport has an active partnership with Hyundai for the\nSOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and\nmanufactured in-house, is compatible with all major truck models and is\ngaining traction with newer truck makers including the electric vehicle (EV)\nsector. Worksport seeks to capitalize on the growing shift of consumer\nmindsets towards clean energy integrations with its proprietary solar\nsolutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump\n(CCHP) technology. Terravis Energy's website is terravisenergy.com\n(https://pr.report/pirj).\n\nConnect with Worksport\n\nPlease follow the Company's social media accounts on X (previously Twitter)\n(https://pr.report/pirk), Facebook (https://pr.report/pirl), LinkedIn\n(https://pr.report/pirm), YouTube (https://pr.report/pirn), and Instagram\n(https://pr.report/piro), the links of which are links to external third-party\nwebsites, as well as sign up for the Company's newsletters at\ninvestors.worksport.com (https://pr.report/pirp).\n\nSocial Media Disclaimer\n\nThe Company does not endorse, ensure the accuracy of, or accept any\nresponsibility for any content on these third-party websites other than\ncontent published by the Company. Investors and others should note that the\nCompany announces material financial information to our investors using our\ninvestor relations website, press releases, Securities and Exchange Commission\n(SEC\") filings, and public conference calls and webcasts. The Company also\nuses social media to announce Company news and other information. The Company\nencourages investors, the media, and others to review the information the\nCompany publishes on social media. The Company does not selectively disclose\nmaterial non-public information on social media. If there is any significant\nfinancial information, the Company will release it broadly to the public\nthrough a press release or SEC filing prior to publishing it on social media.\n\nForward-Looking Statements\n\nThe information contained herein may contain \"forward‐looking statements.\"\nForward‐looking statements reflect the current view about future events.\nWhen used in this press release, the words \"anticipate,\" \"believe,\"\n\"estimate,\" \"scheduled,\" \"expect,\" \"future,\" \"intend,\" \"plan,\" \"project,\"\n\"envisioned,\" \"should,\" or the negative of these terms and similar\nexpressions, as they relate to us or our management, identify\nforward‐looking statements. These statements are neither historical facts\nnor assurances of future performance. Instead, they are based only on our\ncurrent beliefs, expectations and assumptions regarding the future of our\nbusiness, future plans and strategies, projections, anticipated events and\ntrends, the economy and other future conditions. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks and changes in circumstances that are difficult to predict and many of\nwhich are outside of our control. Our actual results and financial situation\nmay differ materially from those indicated in the forward-looking statements.\nTherefore, you should not rely on any of these forward-looking statements.\nImportant factors that could cause our actual results and financial condition\nto differ materially from those indicated in the forward-looking statements\ninclude, among others, the following: (i) supply chain delays; (ii) acceptance\nof our products by consumers; (iii) delays in or nonacceptance by third\nparties to sell our products; and (iv) competition from other producers of\nsimilar products. More detailed information about the Company and the risk\nfactors that may affect the realization of forward-looking statements is set\nforth in the Company's filings with the SEC, including, without limitation,\nour latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.\nInvestors and security holders are urged to read these documents free of\ncharge on the SEC's web site at www.sec.gov. As a result of these matters,\nchanges in facts, assumptions not being realized or other circumstances, the\nCompany's actual results may differ materially from the expected results\ndiscussed in the forward-looking statements contained in this press release.\nThe forward-looking statements made in this press release are made only as of\nthe date of this press release, and the Company undertakes no obligation to\nupdate them to reflect subsequent events or circumstances.\n\nSOURCE: Worksport Ltd.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/automotive/worksport-nasdaq-wksp-posts-record-2.5m-july-orders-seven-month-consecutive-sales-climb-1211973)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-08-26T12:17:00.525805116Z","server_sent_at_ms":1787746620525},"received_at":"2026-08-26T12:17:00.576Z","source_url":"https://www.accessnewswire.com/newsroom/en/automotive/worksport-nasdaq-wksp-posts-record-2.5m-july-orders-seven-month-consecutive-sales-climb-1211973"},"analysis":{"id":"117078","press_release_id":"128163","analysis_json":{"industry":{"label":"Auto Parts & Equipment","sector":"Consumer Discretionary"},"redFlags":["Results are preliminary and unaudited","Product orders metric is not equivalent to GAAP net sales"],"eventType":"operations_update","narrative":"Worksport reported preliminary July product orders of approximately $2.52 million, a new monthly record, with preliminary net sales of $2.22 million.\n\nNet sales increased 6.7% month-over-month and 60.6% from March, while gross margin remained above 30% for the third consecutive month at 30.8%.\n\nThe company achieved an Annualized Revenue Rate of $30M, with CEO Steven Rossi highlighting the transition to consistent commercial momentum and efficient order fulfillment.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Preliminary July results show $30M ARR run-rate and record orders."},"keyFigures":{"revenue":"$2.22 million","customDimensions":{"arr":"$30M","backlog":"$0.30 million","gross_margin":"30.8%","gross_profit":"$0.68 million","product_orders":"$2.52 million"}},"quotedText":"July's performance shows that the growth platform we have built is producing more consistent commercial momentum","namedEntities":{"people":[{"name":"Steven Rossi","role":"Founder and Chief Executive Officer"}],"products":["SOLIS Solar cover","tonneau covers","solar integrations","portable power systems","clean heating & cooling solutions","Cold-Climate Heat Pump (CCHP)"],"companies":[{"name":"Worksport Ltd.","ticker":"WKSP"},{"name":"Hyundai","relationship":"partner"},{"name":"Terravis Energy","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$2.52 million","context":"July gross product orders"},{"amount":"$2.22 million","context":"July preliminary net sales"},{"amount":"$0.30 million","context":"July month-end backlog"},{"amount":"$0.68 million","context":"July preliminary gross profit"},{"amount":"$30M","context":"Annualized Revenue Rate"}]},"materialImpact":{"score":3,"reasoning":"Report of record monthly orders and $30M ARR milestone with sustained gross margin expansion is a positive operational signal, though preliminary status limits the immediate impact compared to audited quarterly filings."},"tickerRelevance":{"others":[],"primary":"WKSP"},"globalImportance":15,"audienceRelevance":18,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"operational-update","sectorWeight":"auto-accessories"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Worksport reported preliminary July product orders of approximately $2.52 million, a new monthly record, with preliminary net sales of $2.22 million.\n\nNet sales increased 6.7% month-over-month and 60.6% from March, while gross margin remained above 30% for the third consecutive month at 30.8%.\n\nThe company achieved an Annualized Revenue Rate of $30M, with CEO Steven Rossi highlighting the transition to consistent commercial momentum and efficient order fulfillment.","key_figures":{"revenue":"$2.22 million","customDimensions":{"arr":"$30M","backlog":"$0.30 million","gross_margin":"30.8%","gross_profit":"$0.68 million","product_orders":"$2.52 million"}},"named_entities":{"people":[{"name":"Steven Rossi","role":"Founder and Chief Executive Officer"}],"products":["SOLIS Solar cover","tonneau covers","solar integrations","portable power systems","clean heating & cooling solutions","Cold-Climate Heat Pump (CCHP)"],"companies":[{"name":"Worksport Ltd.","ticker":"WKSP"},{"name":"Hyundai","relationship":"partner"},{"name":"Terravis Energy","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$2.52 million","context":"July gross product orders"},{"amount":"$2.22 million","context":"July preliminary net sales"},{"amount":"$0.30 million","context":"July month-end backlog"},{"amount":"$0.68 million","context":"July preliminary gross profit"},{"amount":"$30M","context":"Annualized Revenue Rate"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-26T13:19:30.642Z","global_importance":15,"audience_relevance":18,"importance_components":{"tickerTier":"small-cap","eventGravity":"operational-update","sectorWeight":"auto-accessories"}},"durationMs":181147,"modelName":"glm-4.7"}}