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Leatt (OTCQB: LEAT) announced financial results for the first quarter ending March 31, 2024, with revenues of $10.61 million, down 19% from the previous year. Despite challenges in the cycling and motorcycle industries, the company sees signs of growth ahead. Cash and cash equivalents increased to $13.53 million, inventory levels stabilized, and new products generated strong shipments. The company remains optimistic about future growth and shareholder value.
Leatt (LEAT) has announced that it will release its financial results for the first quarter of 2024 on May 13, 2024. The company specializes in protective gear for various sports, focusing on extreme and high-velocity sports. A conference call to discuss the financial results will be held at 10:00 am ET on the same day.