Leatt FY2022 revenue $76.3M (+5% YoY) record; Q4 sales drop 53%; net income down 21%

Leatt Corp

Full-year revenue $76.3M (+5% vs $72.5M in 2021); net income $9.96M ($1.71 EPS), down 21%.
Q4 revenue $10.9M (-53% vs Q4 2021); net loss $1.1M vs net income $3.8M year ago.
Helmet sales +60%; neck brace sales -36%; international sales up 13% to $59.02M.
Cash & equivalents $7.1M (+41% YoY); current ratio 4.25:1.
Management expects continued inventory digestion headwinds for several quarters.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leatt Corp reported Full Year 2022 results: revenue $76.3 million, net income $9.96 million, EPS $1.71 per share.

Period: Full Year 2022
Revenue: $76.3 million
Net income: $9.96 million
EPS: $1.71 per share
Result: reported results

Exact text from the filing

Full Year 2022 and Recent Highlights • Record full year revenues of $76.3 million, up 5%, compared to 2021. • International sales of $59.02 million, up 13%, compared to 2021. • Net Income of $9.96 million or $ 1.71 per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leatt Corp reported Fourth Quarter 2022 results: revenue $10.9 million, net income ($1.1) million, EPS ($0.18) per basic.

Period: Fourth Quarter 2022
Revenue: $10.9 million
Net income: ($1.1) million
EPS: ($0.18) per basic
Result: reported results

Exact text from the filing

Total revenues for the fourth quarter of 2022 were $10.9 million, down 53%, compared to $23.2 million for the fourth quarter of 2021. Net loss for the fourth quarter of 2022 was ($1.1) million or ($0.18) per basic and ($0.17) per diluted share, as compared to net income of $3.8 million, or $0.68 per basic and $0.62 per diluted share, for the fourth quarter of 2021.

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Source: SEC EDGAR

accession 0001062993-23-007844

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