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Leatt® is a symbol of commitment, passion, and dedication in the world of sports safety. Driven by scientific research and collaboration with safety experts, Leatt Corp develops head-to-toe protective gear for various sports, focusing on mountain biking and extreme motorsports. The revolutionary Leatt-Brace® is the gold standard for neck protection when worn with a helmet. With continuous innovation and development, including the recent launch of the Adventure (ADV) gear, Leatt Corp aims to provide a wide range of safety equipment for riding enthusiasts worldwide.
Leatt Corp is dedicated to developing products that cater to riders of motorcycles, bicycles, mountain bikes, all-terrain vehicles, snowmobiles, and other open-air vehicles. With a solid history of commitment to safety and innovation, Leatt Corp is a leader in the industry, striving to offer the best protective equipment for thrill-seekers globally.
Leatt (LEAT) reported Q3 2024 financial results with global revenues returning to growth at $12.14 million, up 1% year-over-year. Body armor, helmet, and neck brace sales increased, while footwear sales declined. Gross profit was $5.17 million, with margins improving 4% sequentially. Net income decreased 75% to $115,837 ($0.02 per share). Direct-to-consumer sales grew 12%, and cash position strengthened to $12.47 million, up 10% from December 2023. The company reported positive cash flow from operations of $2.98 million for the first nine months of 2024.
Leatt (OTCQB: LEAT) has announced it will release its third quarter 2024 financial results before market opening on Tuesday, October 29, 2024. The company will host a conference call and webcast at 10:00 am ET on the same day to discuss the results. Investors can access the call via USA (1-877-407-9716) or international (1-201-493-6779) numbers. A live webcast will be available through the company's website, with a replay accessible for seven days using PIN 13749831. The webcast recording will be archived on Leatt's website for 30 days.
Leatt (OTCQB: LEAT) announced financial results for Q2 2024. Revenues decreased 18% to $10.08 million compared to Q2 2023. Income from operations dropped 186% to $(1.13) million. Despite challenges, the company saw positive trends in consumer and dealer direct sales, increasing by 19% and 14% respectively. Cash and cash equivalents increased 17% to $13.33 million. Leatt successfully launched a new product category of bicycle components at Eurobike Tradeshow. The company remains optimistic about future growth, citing improving ordering patterns and new distributor partnerships. Leatt continues to invest in brand recognition and team building to support long-term growth strategies.
Leatt (OTCQB: LEAT), a developer and marketer of protective gear for extreme sports, has announced its second quarter 2024 financial results conference call and webcast. The results will be released before market open on Friday, August 9, 2024, followed by a conference call at 10:00 am ET the same day.
Participants can join the call using the numbers 1-877-407-9716 (USA) or 1-201-493-6779 (international). A live webcast will be available on the company's website. For those unable to attend, an audio replay will be accessible for seven days using the PIN 13748296, and a recording of the webcast will be archived on the website for 30 days.
Leatt (OTCQB: LEAT) announced its 2024 Annual General Meeting (AGM) will be held on June 21, 2024, at 10 a.m. ET. The meeting will take place at 3001 Washington Blvd., Suite 400, Arlington, VA 22201, and will also be accessible via conference call and live audio webcast. Participants can dial toll-free numbers, 1-877-407-9716 (USA) or 1-201-493-6779 (international), ten minutes before the meeting. The webcast will be available through the company's website, www.leatt-com, where participants should register ten minutes in advance. An audio replay of the call will be available for seven days at 1-844-512-2921 (USA) or 1-412-317-6671 (international), with replay PIN number 13746881. A recording of the webcast will also be archived for seven days on the company's website.
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.
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