Worksport Ltd (NASDAQ: WKSP) invited shareholders to a live town hall on September 15, 2026, following record product orders in July. Founder and Chief Executive Officer Steven Rossi will lead the discussion on growth priorities and the path toward operational cash-flow positivity.

The event follows recent operating updates highlighting strong sales momentum. In its April to June period, the company reported approximately 46% net-sales growth and 132% gross-profit growth. The subsequent update for July revealed record product orders of approximately $2.52 million, alongside net sales of approximately $2.22 million.

Financial Performance Overview

Management highlighted a gross margin of 30.8% for July. These monthly figures are preliminary and unaudited. The company noted that orders are distinct from recognized net sales, emphasizing the difference between demand inflow and revenue recognition.

What the Numbers Show

The divergence between July’s record orders ($2.52 million) and recognized net sales ($2.22 million) indicates a growing order backlog. This gap suggests that not all booked demand converted to revenue in the same month, potentially signaling future revenue recognition opportunities if conversion rates hold.

Town Hall Agenda

Rossi stated that execution remains the priority despite encouraging sales growth. The agenda includes:

• Revenue and margin trends
• Distribution expansion
• Product progress across NEXUS, SOLIS, and COR lines
• Terravis Energy’s development and certification priorities
• Recent financing and shareholder matters

Investors can register for the live Zoom event at 12:05 p.m. ET via the company’s investor relations page. A replay is expected to be available afterward.

Worksport Ltd. (NASDAQ: WKSP) reported preliminary unaudited net sales of $2.22 million for July 2026, marking a significant acceleration in top-line performance compared to earlier months.

The U.S.-based manufacturer of hybrid and clean energy solutions saw gross product orders reach a new monthly record of approximately $2.52 million. This surge in order inflow underscores strong demand momentum in the light truck, overlanding, and global consumer goods markets.

Financial Performance

The company’s preliminary results highlight distinct growth trajectories when comparing July to prior periods:

Net sales rose 6.7% sequentially from June and expanded by 60.6% from March levels. At month-end, the company maintained a backlog of approximately $0.3 million in firm product orders.

What the Numbers Show

The divergence between gross product orders ($2.52 million) and net sales ($2.22 million) indicates that order inflow is currently outpacing revenue recognition. This gap, combined with the record-high order volume, suggests potential near-term revenue conversion strength as the backlog is cleared. The company places its Annualized Revenue Rate at $30 million, a figure it anticipates will continue rising.

Outlook

Worksport expects its annualized revenue rate to increase further, driven by the sustained growth in gross product orders and expanding market presence in its core segments.