Leatt Stock Price, News & Analysis

Leatt Corp (OTCQB: LEAT) is a developer and marketer of head-to-toe personal protective gear for a variety of sports, with a particular focus on mountain biking (MTB), moto and extreme motorsports, and other high‑velocity, extreme sports. According to the company’s public statements, Leatt’s products are designed for participants in extreme sports that use motorcycles, bicycles, mountain bikes, all‑terrain vehicles, snowmobiles, and other open‑air vehicles.

The company describes itself as being driven by the “science of thrill”, emphasizing engineering and design in rider protection. A flagship product is the Leatt‑Brace®, a neck brace system that Leatt highlights as an award‑winning product and regards as a gold standard for neck protection when worn with a helmet. Beyond neck braces, Leatt reports major product categories that include body armor, helmets, and other products, parts and accessories such as apparel, goggles and components, as well as protective gear for off‑road adventure (ADV) riding.

Business focus and product categories

Based on its financial disclosures, Leatt generates revenue from several core product groupings:

• Body armor – including upper body armor, limb protection and footwear, as described in the company’s quarterly reports.
• Helmets – for MTB, moto and ADV use, with the company highlighting strong growth in helmet revenues and specific models such as the 5.0 Gravity Helmet.
• Neck braces – featuring the Leatt‑Brace® system, designed to work in conjunction with helmets for neck protection.
• Other products, parts and accessories – which the company states include apparel, goggles, components and other rider‑focused items.

Leatt’s public communications note that all these major product categories have experienced periods of double‑digit revenue growth on a year‑over‑year basis, reflecting demand across its core markets of MOTO, MTB and ADV. The company also reports product royalty income in its financial statements, indicating that some of its technology or designs generate royalty‑based revenue in addition to direct product sales.

Markets and distribution channels

In its quarterly press releases, Leatt describes a global footprint with sales driven by:

• International distributor sales, which the company notes have grown as industry‑wide inventory overhang has eased and re‑ordering patterns have improved.
• Dealer direct sales, including U.S. MOTO and MTB brick‑and‑mortar dealers, where Leatt has commented on changing inventory dynamics and its efforts to build sales outreach and team capabilities.
• Direct‑to‑consumer (consumer direct) channels, which Leatt repeatedly highlights as an important growth engine, with reported increases in consumer direct sales over prior periods.

The company has stated that it is investing in developing Leatt as a global, consumer‑facing brand, supported by a diversified, multi‑channel sales organization intended to reach a wider community of riders worldwide. Its communications also reference digital platforms and consumer engagement strategies as part of this effort.

Geographic and corporate background

Leatt Corp is incorporated in Nevada, as disclosed in its SEC filings, and reports a principal operating address in Durbanville, Western Cape, South Africa. The company files periodic and current reports with the U.S. Securities and Exchange Commission and is identified as an emerging growth company in its Form 8‑K disclosures. Its common stock trades on the OTCQB market under the symbol LEAT, and the company has also issued preferred stock as reflected in its consolidated balance sheets.

Financial profile and growth themes

Leatt’s recent quarterly press releases and accompanying financial statements emphasize several themes:

• Revenue growth – The company has reported increases in global revenues across multiple consecutive quarters, with management noting double‑digit growth in major product categories such as body armor, helmets, neck braces, and other products, parts and accessories.
• Profitability and cash generation – Leatt’s disclosures highlight periods of improved gross profit margins, positive net income, and cash flows generated from operations, along with cash and cash equivalents balances that the company describes as supporting its liquidity.
• Working capital and balance sheet – The company notes current ratios above 1 and indicates that it has met working capital needs from cash on hand and internally generated cash flow, while also managing inventory levels as industry conditions evolve.

Management commentary in the company’s releases references a recovery from a post‑COVID industry contraction and inventory overhang in the broader moto and cycling markets. Leatt describes its recent performance as part of a return to sustainable growth, supported by international distributor re‑ordering, domestic sales initiatives, and consumer direct channels.

Product innovation and recognition

Leatt places strong emphasis on engineering, design and technical innovation in rider protection. The company reports ongoing investment in research and development and highlights a pipeline of new products, including:

• Expansion into the ADV (adventure riding) market with products designed for off‑road adventure riding.
• New product lines showcased at major industry events such as Eurobike, where Leatt has presented upper body protection for women, a sunglasses collection, endurance trail shoes, waterproof MTB shoes, clothing collections, and components including handlebars, stems and pedals.

At Eurobike 2025, Leatt reports that its 5.0 Gravity Helmet received the Eurobike Gold Award for Technical Highlight, and its 6.0 HydraDri® Jacket received the Eurobike Award for Performance Clothing. The company describes these awards as recognition of its ability to develop technical innovations and functional rider protection centered on the needs of a wide range of riders.

Capital allocation and share repurchase program

In 2025, Leatt’s board of directors authorized a share repurchase program of up to a specified dollar amount of the company’s outstanding common stock, with repurchases to be made through open‑market transactions subject to applicable securities laws. Later in the year, the board approved an extension of the program’s expiration date, and the company disclosed the amount of shares repurchased to date under the program. Leatt’s management has characterized this program as a way to deploy capital while expressing confidence in the company’s business outlook and balance sheet.

Risk considerations and penny stock status

Leatt’s press releases include cautionary statements regarding forward‑looking information and outline that its common stock is considered a “penny stock”. The company notes that financial performance in one period does not guarantee future results and refers readers to additional risk factors described in reports posted on OTC Markets. These disclosures underscore that revenues, profitability, and market conditions may fluctuate due to factors that can be difficult to predict or control.

Stock and regulatory reporting

Investors researching LEAT stock can review the company’s quarterly financial statements, Form 8‑K current reports, and other filings to understand its operating results, cash flows, and capital structure. Leatt’s filings include consolidated balance sheets, statements of operations and comprehensive income, and notes that provide detail on assets, liabilities, stockholders’ equity, and operating performance. The company also uses press releases and conference calls or webcasts to discuss quarterly results and business developments.

How Leatt fits within motorcycle, bicycle and parts manufacturing

Within the broader motorcycle, bicycle, and parts manufacturing industry, Leatt focuses on protective equipment and rider gear rather than vehicles themselves. Its business centers on safety‑oriented products such as helmets, body armor, neck braces, and related apparel and components. The company’s communications highlight its intention to serve a wide rider community across moto, MTB, ADV and other extreme sports, positioning its brand around performance, protection and technical design.

Summary

According to its public disclosures, Leatt Corp is a Nevada‑incorporated company with operations based in Western Cape, South Africa, trading on the OTCQB under the symbol LEAT. It develops and markets head‑to‑toe protective gear for mountain biking, moto, ADV and other extreme sports, anchored by products such as the Leatt‑Brace® neck brace, helmets, body armor, and a range of accessories and apparel. The company reports growth in revenues and product categories, continued investment in research and development, and a focus on building a global, multi‑channel sales organization and consumer‑facing brand.