Worksport Ltd — Form 8-K
Filed August 26, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
In July 2026, Worksport achieved record monthly product orders of $2.52M, net sales of $2.22M (up 6.7% from June, 60.6% from March), gross margin of 30.8% (third consecutive month >30%), and calculated a $30M annualized revenue rate. The company reports seven consecutive months of sales growth averaging 12.9% month-over-month, with $0.3M in backlog. All figures are preliminary and unaudited.
Why this rating
Record orders and consistent margin expansion are material for a $15.6M-cap company; $30M ARR run-rate represents meaningful scaling, though preliminary results and small absolute backlog present execution risk.
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