Worksport .(US:WKSP)2025-08-13 17:00Financial Performance - Revenue reached $4.10 million in Q2 2025, a 113% year-over-year increase from $1.92 million in Q2 2024 [11] - Sequential QoQ revenue growth was 83% from Q1 2025 [1] - Gross profit was $1.08 million, resulting in a gross margin of 26.4%, up from 15.4% in Q2 last year [16] - Operating loss improved to $(3.62) million, compared to $(4.26) million in Q1 [20] - Operating cash usage improved to $(3.10) million in Q2 from $(3.84) million in Q1, a 19% reduction [23] Operational Highlights - Long-term debt declined to $2.09 million [34] - Inventory remained stable at $5.88 million [25, 28] - The company is targeting 200 units/day production by late Q3, compared to approximately 50 units/day at the start of 2025 [46] Growth Initiatives - The company estimates its B2B network can support over $21.5 million in annual repeatable revenue [41] - Over 50% of total unit volumes in Q2 came from direct online sales [42] - The company expects to increase to $40M ARR by year end [12] Future Outlook - The company reaffirms its full-year 2025 revenue target of $20 million+ [70] - The company believes AetherLux could have a meaningful impact on the company's 2026 balance sheet, supported by its position in the $123B global market [62]