Worksport Ltd（WKSP）资讯与事件WKSPWorksport Ltd

Worksport Signs Acquisition Term Sheet to Expand Product Line

Worksport announced it has signed a term sheet to acquire a business with a patented, U.S.-manufactured truck bed accessory already on the market. The proposed acquisition, Worksport's first, would be a step in the Company's strategic plan to grow beyond tonneau covers by leveraging its U.S.-based enterprise-level manufacturing infrastructure toward a broader range of products. It is intended to create new sales opportunities across the Company's new and existing customers and distribution channels.

Worksport Reports Q3 Net Sales of $7.2M

Worksport announced preliminary third-quarter 2026 results. Net cash used in operating activities was approximately $0.37M, an improvement of ~$3.1M or 89% compared to ~$3.4M in the second quarter, and down from ~$8.2M in the first quarter, as the Company converted approximately $2.5M of inventory into sales and cash. Preliminary Third-Quarter 2026 Highlights: Operating cash use at a single-digit percentage of net sales: approximately 5% in the third quarter, down from 66% in the second quarter and 249% in the first quarter. Record net sales of approximately $7.2M, up 44% year-over-year and 38% from the second quarter. Nine Consecutive Months of Growth: September net sales reached a Company-record $2.68M, supported by sustained gross margins above 30% and an expanding contribution from B2B sales. Management highlights that while the sales-mix now has more B2B sales, gross margin has remained stable, reflecting improved business health. "Based on our current operating cash use, the resources available to us, including our credit facility, and the inventory we still must convert, we believe the business is in position to reach operating cash flow breakeven. Achieving that sustainably will let us build growth without significant dependence on equity financing. We still have work ahead of us, but the gap continues to narrow, and the pieces are in place. We described the first quarter as our investment and launch readiness quarter, and said the second half would be about conversion. The third quarter delivered on that," said Steven Rossi, CEO. "We converted inventory into sales and cash, grew gross profit faster than recurring cash costs, and reduced the cash our operations use by more than 95% since the first quarter."

Worksport Announces August 2026 Sales Orders of $2.92M

Worksport announced preliminary August 2026 sales orders of approximately $2.92M, an increase of 16.4% from July 2026, representing an annualized sales-order run rate of $35.05M. Preliminary net sales increased 5.6% to $2.34M, while estimated month-end backlog rose to approximately $898,000, reflecting order intake that exceeded invoicing during August.