Worksport 8-K 公告初步業績：第二季淨銷售增 46%，毛利飆 132% 創史上最強月份

EX-99.1
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ex99-1.htm
EX-99.1

 

 

Exhibit
99.1

 

Worksport
Announces 132% Gross Profit Growth from April to June; June 2026 Marks Strongest Month in Company History

 

Net
sales increase 46%, while gross profit materially outpaces top-line growth, Company materially closer to cash-flow breakeven.

West
Seneca, New York, July 22, 2026 — Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based
innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods
markets, today reported preliminary and unaudited monthly financial performance demonstrating a meaningful improvement in the quality
of its revenue growth. 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
$1.43 million to $2.08 million. The Company has achieved a sustainable gross-margin running rate above 35% and expects to maintain
or increase from this level.

 

Preliminary
Monthly Financial Highlights

 

 
  
 ●
 June
 net sales of approximately $2.08 million, up approximately 46% from April and 21% from May

 
  
 ●
 June
 gross profit of approximately $720,000, up approximately 132% from April and 15% from May

 
  
 ●
 Gross
 margin run rate now stable above 35% compared to 26% in Q1 2026.

 
  
 ●
 Monthly
 gross profit increased by approximately $410,000 between April and June

 
 

 
 Preliminary and unaudited 
 April 2026  
 May 2026  
 June 2026  
 April-to-June Growth 

 
 Net sales 
 $1.43 million  
 $1.73 million  
 $2.08
million  
  46%

 
 Gross profit 
 $0.31 million  
 $0.63 million  
 $0.72 million  
  132%

 

 

Gross
Profit Growth Materially Outpaces Net Sales

 

Worksport’s
preliminary monthly results demonstrate that the Company is generating substantially more gross profit as its sales base expands, alongside
growing product adoption.

 

Between
April and June, monthly net sales increased by approximately $650,000, while monthly gross profit increased by approximately $410,000.
This performance reflects both continued top-line growth and a significant improvement in the amount of gross profit generated from each
dollar of revenue.

 

  

  

 

 

June
also demonstrated continued momentum from May. Net sales increased approximately 35% month over month, while gross profit increased
approximately 9%, with gross profit continuing to outpace top-line growth.

 

The
Company believes the combination of higher sales, improving gross margins and gross profit growing materially faster than revenue represents
continued progress in the underlying economics of its business. The Company believes that a continuation of this trend will steer the
Company into operational cash flow positivity, and then profitability, in the near-term.

 

“These
preliminary results demonstrate that Worksport’s growth is becoming increasingly productive,” said Steven Rossi, Chief
Executive Officer of Worksport. “From April to June, net sales increased approximately 46%, while gross profit increased approximately
132%. The business generated more sales, but more importantly, it generated substantially more gross profit from that growing revenue
base.”

 

“Our
gross margin has improved by almost 1000 BPS from Q1 2026, even as monthly sales continued to expand. This is the type of operating
progression we have been working toward: stronger sales, improving margins and gross profit growth that materially outpaces the top line.
We believe the growth will only continue”

 

“Our
focus remains on sustaining this momentum, continuing to scale our automotive business and converting our expanding gross-profit base
into continued progress toward operational cash-flow positivity.”

 

Strengthening
Financial Contribution

 

Worksport
believes this improvement in financial condition strengthens the value of continued revenue growth and positions the Company to generate
greater financial contribution as it scales its existing automotive product portfolio and advances its broader product and commercialization
strategy.

 

The
Company expects to provide complete financial results for the second quarter of 2026 in its applicable filing with the U.S. Securities
and Exchange Commission by about August 11, 2026.

 

The
figures contained in this release are preliminary and unaudited, have not been reviewed by the Company’s independent registered
public accounting firm and remain subject to quarter-end accounting procedures and potential adjustments. Actual results may differ from
the preliminary figures presented herein.

 

  

  

 

 

 

Stay
tuned for more information and join our mailing list to stay up to date with the latest: Join Worksport’s Newsletter

 

  

  

 

 

Contacts

 

Investor
Relations, Worksport Ltd. T: 1 (888) 554-8789 ext. 128

W:
investors.worksport.com W: www.worksport.com E: [email protected]

 

Connect
with Worksport Chief Executive Officer, Steven Rossi

 

Steven
Rossi X (Twitter)

Steven
Rossi LinkedIn

 

About
Worksport

 

Worksport
Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau
covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport’s hard-folding cover,
designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including
the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations
with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy’s
website is terravisenergy.com.

 

Connect
with Worksport

 

Please
follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube,
and Instagram, the links of which are links to external third-party websites, as well as sign up for the Company’s
newsletters at investors.worksport.com.

 

Social
Media Disclaimer

 

The
Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than
content published by the Company. Investors and others should note that the Company announces material financial information to our investors
using our investor relations website, press releases, Securities and Exchange Commission (“SEC”) filings, and public conference
calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors,
the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material
non-public information on social media. If there is any significant financial information, the Company will release it broadly to the
public through a press release or SEC filing prior to publishing it on social media.

 

Forward-Looking
Statements

 

The
information contained herein may contain “forward-looking statements.” Forward-looking statements reflect the current view
about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,”
“scheduled,” “expect,” “future,” “intend,” “plan,” “project,”
“envisioned,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management,
identify forward-looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they
are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which
are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual
results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the
following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to
sell our products; (iv) competition from other producers of similar products; and (v) with respect to any potential additional financing
transactions, there can be no assurance that any such transactions will be consummated, and any such transactions would be subject to,
among other things, market conditions, available shelf registration capacity, applicable regulatory requirements (including Nasdaq listing
rules), negotiation and execution of definitive documentation on mutually acceptable terms, and approval by the Company’s Board
of Directors. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements
is set forth in the Company’s filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our
Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web
site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the
Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained
in this press release. The forward-looking statements made in this press release are made only as of the date of this press release,
and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.