Welcome to our dedicated page for Leatt news (Ticker: LEAT), a resource for investors and traders seeking the latest updates and insights on Leatt stock.
Leatt Corporation (LEAT) drives innovation in protective gear for extreme sports athletes and motorsports professionals. This page aggregates official announcements, financial updates, and strategic developments from the global leader in biomechanically engineered safety equipment.
Access real-time updates on product launches, earnings reports, and partnerships that define LEAT's market leadership. Investors gain insights into corporate milestones while enthusiasts discover advancements in mountain biking and motocross safety technology.
Key coverage areas include R&D breakthroughs from Leatt's Cape Town lab, expansion of distribution networks, and collaborations with sports organizations. All content is sourced from verified corporate communications and industry analysis.
Bookmark this page for streamlined access to LEAT's evolving story. Check regularly for developments impacting the $3.2B personal protective equipment market and the company's position within it.
Leatt Corporation (OTCQB: LEAT) reported record annual revenues of $76.3 million for 2022, marking a 5% increase from 2021. International sales rose by 13% to $59.02 million. However, the fourth quarter saw a 53% decline in revenues, totaling $10.9 million, resulting in a net loss of $1.1 million. Net income for 2022 was $9.96 million, down 21% year-over-year. Key highlights included a 60% increase in helmet sales and the recent Design & Innovation Award for the Mono Suit MTB HydraDri 5.0. CEO Sean Macdonald emphasized the company's resilience amid challenging market conditions and anticipated future growth despite inventory digesting challenges.
Leatt Corporation (OTCQB: LEAT) announces a scheduled release of its financial results for Q4 and the full year 2022 on March 28, 2023, prior to market opening. A conference call will follow at 10:00 am ET on the same day to discuss the results. Interested participants can join by calling 1-877-407-9716 (USA) or 1-201-493-6779 (international). An audio webcast will also be available on the company's website, providing options for those who cannot attend live. Leatt is recognized for its protective gear in extreme sports, particularly its renowned Leatt-Brace® neck protection system.
Leatt Corporation (OTCQB: LEAT) has announced a partnership with the Orbea Leatt Speed Company Racing Team, featuring 2022 Absa Cape Epic winners Lukas Baum and Georg Egger. This collaboration aims to enhance performance and innovation in mountain biking. The athletes will compete in Leatt gear at major events, including the Epic Series and UCI MTB World Cup. CEO Sean Macdonald expressed pride in this partnership, emphasizing shared values of excellence and growth. The collaboration will also focus on product development to improve rider safety and comfort during demanding races.
Leatt Corporation (OTCQB: LEAT) reported financial results for Q3 2022, showcasing a 5% increase in global revenues to $23.3 million. Year-to-date revenues surged 33% to $65.4 million, with a net income of $11 million, reflecting a 26% rise. Earnings per share (EPS) reached $1.90. Despite challenges in the market, sales of helmets and accessories drove growth, while body armor and neck brace sales experienced declines. The company maintains strong operational efficiency, with a current ratio of 3.1:1 and cash equivalents of $4.8 million.
Leatt Corporation (OTCQB: LEAT), known for its protective equipment in extreme sports, will release its Q3 2022 financial results on November 9, 2022, before market opening. The management team will host a conference call at 10:00 am ET on the same day to discuss the results. Participants are encouraged to join the call early and can also access a live webcast via the company’s website. An audio replay will be available for seven days following the call.
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