Worksport expects $30 million annualized revenue rate to keep rising
WKSP•Revenue run-rate and July operating update
Worksport expects a $30 million annualized revenue run-rate, with expectations that it will keep rising.
- July product orders hit a record $2.52 million; preliminary net sales totaled $2.22 million, up 6.7% from June.
- Month-end backlog stood at about $0.3 million; March-to-July net sales increased to $2.22 million from $1.38 million.
- Preliminary gross margin was 30.8%, the third straight month above 30%, with preliminary gross profit of about $0.68 million.
