Worksport Ltd (WKSP) News & EventsWKSPNews & EventsWorksport Ltd

Worksport CEO Looks Forward to Q2 Earnings Call

Steven Rossi, CEO, commented: "We are excited to discuss what has been a very strong second quarter for Worksport. During our Q2 earnings call, we will look forward to providing shareholders a clear review of the quarter's financial performance and recent operating progress. As reflected in our recently announced preliminary financial update, we are seeing higher revenues, higher gross margins, and believe we are notably closer to achieving positive cash flow. Based on our current operating trajectory and the preliminary results we recently announced, I believe the Company's market valuation does not yet fully reflect the progress we have made in strengthening our business. The investor town hall will give us the opportunity to add context, discuss our priorities more directly, and explain how we believe our current initiatives support Worksport's long-term strategy. We value open communication and look forward to engaging with shareholders following the call."

Worksport Reports Q2 2026 Net Sales Up Approximately 46%

Worksport reported preliminary and unaudited monthly financial performance. From April through June 2026, net sales increased approximately 46%, while gross profit increased approximately 132%, reflecting substantial gross-margin expansion and increasing gross-profit contribution from the Company's growing sales base. Preliminary gross profit increased from approximately $310,000 in April to $720,000 in June, while net sales increased from approximately $1.43M to $2.08M. The Company has achieved a sustainable gross-margin running rate above 35% and expects to maintain or increase from this level.

Worksport Stock Closes Above $1.00, Up 75%

Worksport announced that its common stock closed above $1.00 on June 24, 2026, which the Company believes keeps Worksport in full compliance with Nasdaq's minimum bid price requirement, and represents a 75% increase in 5 trading days. The Company also announced that it will host a live investor town hall on Tuesday, June 30, 2026, at 12:05 p.m. Eastern Time. In a letter to shareholders, CEO Steven Rossi wrote, "Nasdaq compliance is important, but our deeper focus remains on building the business behind the ticker. Worksport today is operating from a much stronger foundation than it was one year ago: margins have improved, distribution is expanding, B2C demand remains active, B2B channels are growing, and our newly launched NEXUS tonneau cover is contributing to a broader commercial strategy. We believe these are the ingredients that can support our stated goal of achieving initial operational cash-flow positivity within 2026."