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LEATT CORP - LEAT STOCK NEWS

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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.

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Leatt Corporation (OTCQB: LEAT) announced a new partnership with the Pivot Factory Racing team on February 3, 2022. This collaboration will provide mountain bike riders with Leatt's protective gear and apparel. Notable team members include YouTube star Bernard Kerr and downhill champion Morgane Charre. The partnership aims to enhance product development while participating in major events like UCI Mountain Bike races and Crankworx World Tour. Leatt's CEO, Sean Macdonald, expressed excitement about the collaboration, highlighting the innovative aspects of their products.

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Leatt Corporation (OTCQB: LEAT) will host its 2021 Annual Meeting of Stockholders on December 9, 2021, at 10 a.m. ET, available via conference call and audio webcast. Participants should dial in 10 minutes early using the provided toll-free numbers or join the webcast through the company's website. An audio replay will be accessible for seven days post-meeting. Leatt specializes in protective equipment for extreme sports, with its Leatt-Brace® recognized as a leading neck protection device.

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Leatt Corporation (OTCQB: LEAT) reported record financial results for Q3 2021, with revenues reaching $22.1 million, up 94% year-over-year. Income from operations surged 170% to $5.8 million, and net income rose 166% to $4.3 million, translating to earnings per share of $0.79. The company achieved consistent year-over-year growth for the 14th quarter and opened a new 43,056 sq. ft. warehouse in Reno, enhancing U.S. operations. CEO Sean Macdonald expressed optimism for continued growth, fueled by strong demand for their protective gear.

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Leatt Corporation (OTCQB: LEAT) announced its financial results for the third quarter of 2021 will be released before the market opens on November 12, 2021. A conference call to discuss these results is set for the same day at 10:00 am ET. Participants can call in or join via a live webcast on Leatt's website. An audio replay will be available for seven days following the call. Leatt specializes in protective gear for extreme sports, with its Leatt-Brace® recognized as a leading neck protection device.

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Leatt Corporation (OTCQB: LEAT) reported record financial results for Q2 2021, with revenues of $14.3 million, a 106% increase from Q2 2020. Net income surged 257% to $2.4 million, while earnings per share rose to $0.44. The company achieved significant growth across all product categories, notably a 165% increase in sales of other products. Leatt maintains a strong cash position of $3.7 million with no long-term debt. CEO Sean Macdonald emphasized the focus on expanding the Leatt brand globally and optimizing supply chain processes to address rising costs.

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Leatt Corporation (OTCQB: LEAT) announced it will release its financial results for the second quarter of 2021 on August 12, 2021, before market opening. A conference call will be held at 10:00 am ET on the same day to discuss the results. Participants can join via phone or through a live webcast on the company's website. An audio replay of the call will be available for seven days. Leatt specializes in protective equipment for extreme sports, particularly known for the award-winning Leatt-Brace®.

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Leatt Corporation (OTCQB: LEAT) announced the approval of its common stock for DWAC/FAST transfers, enhancing electronic trading capabilities for stockholders. This advancement aims to reduce costs and delays related to physical share certificates, mitigate risks from loss or replacement of certificates, and improve liquidity by making shares more accessible. CEO Sean Macdonald emphasized the significance of this move for investor relations, which is expected to greatly benefit stockholders.

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Leatt Corporation (OTCQB: LEAT) reported record financial results for Q1 2021, showcasing revenues of $12.9 million, a 71% increase year-over-year. Net income surged to $2.1 million, reflecting a 469% rise. Operating expenses rose by 10%, while income from operations leaped by 460% to $2.8 million. Cash and equivalents also grew to $3.8 million from $1.4 million in 2020. Leatt anticipates ongoing growth in demand for its protective gear, particularly within the MTB and MOTO sectors, emphasizing a positive outlook for the remainder of the year.

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Leatt Corporation (OTCQB: LEAT) announced its first-quarter 2021 financial results release scheduled for May 12, 2021, before market opening. A conference call to discuss the results will occur at 10:00 am ET on the same day. Participants can access the call via phone or a live webcast on the company’s website. An audio replay will be available for seven days following the call. Leatt specializes in protective gear for extreme sports, with the Leatt-Brace® recognized as a leading neck protection solution.

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Leatt Corporation (OTCQB: LEAT) announced record financial results for Q4 and the full year ending December 31, 2020. Q4 revenues hit $12.7 million, a 75% increase year-over-year, with net income soaring 6444% to $1.8 million. For 2020, total revenues reached $38.6 million, a 36% rise, and net income increased 222% to $4.4 million. Despite a 5% rise in operating expenses, the earnings per share surged to $0.82. The company highlighted significant growth in body armor and helmets while preparing for more innovation and market expansion.

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FAQ

What is the current stock price of LEATT (LEAT)?

The current stock price of LEATT (LEAT) is $7.11 as of December 19, 2024.

What is the market cap of LEATT (LEAT)?

The market cap of LEATT (LEAT) is approximately 47.4M.

What is Leatt Corp known for?

Leatt Corp is known for developing head-to-toe protective gear for various sports, with a focus on mountain biking and extreme motorsports. Their products are designed for riders of motorcycles, bicycles, mountain bikes, all-terrain vehicles, snowmobiles, and other open-air vehicles.

What is the significance of the Leatt-Brace®?

The Leatt-Brace® is considered the gold standard for neck protection when worn in conjunction with a helmet. It is a revolutionary product that exemplifies Leatt Corp's commitment to safety and innovation.

What recent milestone did Leatt Corp achieve?

Leatt Corp recently launched its new line of Adventure (ADV) gear designed for motorcycle enthusiasts seeking comfort and safety in all weather conditions and terrains. This marks a significant advancement for the company in providing a broader range of protective equipment for riding enthusiasts.

Where is the research and development center of Leatt Corp located?

The research and development center of Leatt Corp is located in Cape Town, South Africa. This facility is home to a team of designers and biomedical engineers who work tirelessly to develop innovative products based on scientific research and collaboration with safety experts.

What sets Leatt Corp apart in the industry?

Leatt Corp sets itself apart in the industry through its unwavering commitment to safety, passion for innovation, and dedication to providing the best protective gear for thrill-seeking riders worldwide. The company's focus on continuous improvement and collaboration with safety experts ensures that their products meet the highest standards of quality and performance.

How does Leatt Corp cater to the needs of riders?

Leatt Corp caters to the needs of riders by developing a wide range of protective gear that is CE-certified for safety and rigorously tested for impact protection. Their products offer adaptability, comfort, and safety features designed to meet the diverse needs of riders in various weather conditions and terrains.

What recent financial results did Leatt Corp announce?

Leatt Corp recently announced its financial results for the fourth quarter and full year 2023, showcasing a challenging year for the cycling and motorcycle industries but demonstrating a resilient financial performance. Despite industry headwinds, the company remains optimistic about future growth and profitability.

What are the growth opportunities for Leatt Corp?

Leatt Corp sees solid growth opportunities in its newly launched Adventure (ADV) range of products, designed for a wider audience of riders globally. The company's core competencies in developing innovative 'head-to-toe' offerings position it well for sustained growth and profitability in the future.

How does Leatt Corp address industry challenges?

Leatt Corp addresses industry challenges by focusing on margins, inventory management, and direct-to-consumer sales strategies. The company's emphasis on innovation, financial discipline, and global sales expansion helps mitigate industry headwinds and positions it for long-term success.

What is Leatt Corp's outlook for the future?

Leatt Corp remains optimistic about its future outlook, anticipating a return to sustainable growth and profitability. With a strong portfolio of innovative products, a growing multi-channel sales organization, and a robust balance sheet, the company is well-positioned to capitalize on growth opportunities and deliver long-term shareholder value.

LEATT CORP

OTC:LEAT

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LEAT Stock Data

47.36M
3.17M
44.56%
4.95%
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