Leatt Corporation develops and markets head-to-toe protective equipment for Moto, MTB, ADV and other extreme or high-velocity sports. Its product categories include the Leatt-Brace neck brace system, helmets, body armor, footwear, apparel, goggles, parts and accessories for riders of motorcycles, bicycles, mountain bikes, all-terrain vehicles, snowmobiles and other open-air vehicles.
Recurring company news centers on quarterly and annual financial results, conference calls, product-category revenue trends, brand and product-development updates, and capital actions such as share repurchase authorizations. Updates also discuss demand across global rider markets and the company’s multi-channel sales organization.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.