Worksport Reports Record Q3 Net Sales of About $7.24 Million, Cash Use Down 89%
Worksport Ltd. reported preliminary third-quarter 2026 results showing record net sales of approximately $7.24 million, up 44% year over year. Net cash used in operating activities fell 89% from the second quarter to approximately $0.37 million as the company converted inventory into sales and cash. The figures are preliminary and unaudited and may change in the Form 10-Q.
Key points
- Net sales of approximately $7.24 million, up 44% year over year and 38% from the second quarter
- Net cash used in operating activities of approximately $0.37 million, down from about $3.4 million in Q2 and about $8.2 million in Q1
- September net sales were a company record $2.68 million, and B2B and distribution reached 50% of September net sales
- Full third-quarter results to be reported in the Form 10-Q, with an earnings call on November 10, 2026
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
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