Worksport (NASDAQ: WKSP) Posts Record $2.5M July Orders; Seven-Month Consecutive Sales Climb Continues; $30M ARR
Worksport reported preliminary July product orders of approximately $2.52 million, a new monthly record, with preliminary net sales of $2.22 million. Net sales increased 6.7% month-over-month and 60.6% from March, while gross margin remained above 30% for the third consecutive month at 30.8%.
Key figures
- Revenue
- $2.22 million
- Arr
- $30M
- Backlog
- $0.30 million
- Gross margin
- 30.8%
- Gross profit
- $0.68 million
- Product orders
- $2.52 million
AI analysis
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