Worksport Q2 Revenue Jumps 114 Percent

Worksport (NASDAQ:WKSP) reported fiscal Q2 2025 results on August 13, 2025, delivering record quarterly revenue of $4.1 million, up 114% year over year. Gross margin improved to 26.4%, an increase of nearly 800 basis points. Management reaffirmed its revenue target of at least $20 million for fiscal 2025, highlighted the upcoming launch of new high-margin products, and projected operating cash flow breakeven by late Q4 2025 or early Q1 2026, positioning the company for near-term profitability and further scalability.The tonneau cover division accounted for all current revenue, but new product segments are expected to contribute starting in fiscal Q4 2025. Operating expenses remained essentially flat compared to the prior quarter despite significantly higher revenues, and inventory levels were stable at $5.88 million, with demand outpacing production.Worksport’s margin trajectory and strong sales momentum demonstrate operational leverage and channel diversification, reducing execution risk against breakeven and growth targets while highlighting a scalable model that can absorb further volume without proportionate cost escalation.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool