Worksport Cuts Q3 Operating Cash Use 89% as Sales Hit Record

Worksport Ltd. posted preliminary net sales of about $7.24 million for the third quarter of 2026, a company record, while net cash used in operating activities fell 89% from the prior quarter. Net cash used in operating activities was approximately $370,000 in the quarter ended Sept. 30, 2026, compared with approximately $3.4 million in the second quarter of 2026. Operations still used cash despite the sharp decline. Inventory stood at approximately $9.6 million on Sept. 30, 2026, down from $12.1 million on June 30, 2026.

Source: TokenPost