Worksport Reports $2.92 Million in August Orders, Boosting Annualized Rate to $35M

Worksport Ltd. announced preliminary sales orders of approximately $2.92 million for August 2026, marking a 16.4% increase from July. This brings the annualized sales-order run rate to $35.05 million. Net sales for August rose to $2.34 million, as the estimated backlog increased to about $898,000.

The company's net sales saw consistent growth from January to August 2026, growing 150% from $937,000 to $2.34 million. August orders surpassed invoicing by $532,000, contributing to a backlog rise of 145.1% from July.

CEO Steven Rossi highlighted the company's focus on sustaining a gross margin above 30% and converting orders into shipments while maintaining financial discipline. This strategy aims to strengthen revenue growth and achieve positive operating cash flow.