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 Corp (OTCQB: LEAT) is a developer and marketer of head-to-toe protective equipment for MOTO, MTB, ADV and a wide range of extreme and high-velocity sports. News about Leatt often centers on its financial performance, product innovation in rider protection, and developments in its global sales channels.
Investors following LEAT news will find regular quarterly earnings announcements where the company reports revenues, gross profit, net income, cash flows from operations and balance sheet metrics. These releases typically include commentary on trends in key product categories such as body armor, helmets, neck braces, and other products, parts and accessories, as well as updates on international distributor sales, dealer direct activity and direct-to-consumer channels.
Leatt’s news flow also highlights product milestones and industry recognition. For example, the company has reported Eurobike awards for its 5.0 Gravity Helmet and 6.0 HydraDri Jacket, underscoring its focus on technical innovation in rider protection. Additional announcements may cover new product introductions, expansion into the ADV market, and the presentation of new apparel, footwear and components at major trade shows.
Corporate and capital markets updates form another part of Leatt’s news cycle. The company has announced a share repurchase program authorized by its board of directors and later disclosed an extension of that program, along with the amount of stock repurchased to date. It also issues notices about conference calls and webcasts for quarterly results and its annual general meeting, providing access details for investors and analysts.
This page aggregates these types of updates so readers can review Leatt’s earnings releases, product award announcements, capital allocation decisions and event notifications in one place.
Summary not available.
Summary not available.
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.
Summary not available.
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.
Leatt Corporation (OTCQB: LEAT) reported strong financial results for Q2 2022, achieving global revenues of $17.9 million, a 25% increase year-over-year. Year-to-date revenues surged 55% to $42.2 million, while net income for the same period rose 55% to $6.9 million, translating to an EPS of $1.20. Despite challenges such as port congestion affecting domestic sales, international revenues grew 45%. The company continues to invest in sales and distribution, aiming to expand its market presence in protective gear for extreme sports.
Leatt Corporation (OTCQB: LEAT) will release its Q2 2022 financial results on August 11, 2022, prior to market open. The management team will host a conference call that day at 10:00 am ET to discuss the results. Participants can call in ten minutes early at either 1-877-407-9716 (USA) or 1-201-493-6779 (international). An audio webcast will also be available on the company's website, with a replay option for seven days. Leatt specializes in protective equipment for extreme sports.