LEATT CORP - LEAT STOCK NEWS

Leatt Corporation announces financial results for Q3 2023: global revenues down 43% to $37.4 million for the first nine months of 2023, gross profit margins increase to 43%, net income down 80% to $2.3 million, cash flow from operations up 277% to $6.6 million, cash and cash equivalents at $10.8 million.

Leatt Corporation plans to release its financial results for the third quarter 2023 on November 6, 2023. The management team will host a conference call at 10:00 am ET on the same day to discuss the results. Participants can access the call through dial-in numbers or a live webcast on the company's website. An audio replay of the conference call will be available for seven days, and a recording of the webcast will be archived on the website for 30 days.

Leatt Corporation has hired two industry professionals to focus on the Mountain Biking (MTB) market, aiming to grow its presence in the international and domestic MTB markets. This move reflects Leatt's investment in the promising MTB business, which has become a key growth area for the company. The addition of these professionals is expected to bring a new level of focus and help Leatt strive for a surge in market share in key areas.

Leatt Corporation announces financial results for Q2 2023, with global revenues of $12.35 million, down 31% compared to Q2 2022. Gross profit margins increased from 41% to 44% for the first six months of 2023. Net income was $776,139, down 72% compared to Q2 2022. Helmet sales increased by 48% to $3.52 million. Cash and cash equivalents increased 69% to $12 million.

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.