{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-23-007844","form_type":"8-K","ticker":"LEAT","cik":"0001456189","company_name":"Leatt Corp","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.079872+00:00","generated_at":"2026-06-17T12:35:50.947958+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Leatt FY2022 revenue $76.3M (+5% YoY) record; Q4 sales drop 53%; net income down 21%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-23-007844","json":"https://secwatch.observer/filing/0001062993-23-007844.json","markdown":"https://secwatch.observer/filing/0001062993-23-007844.md","text":"https://secwatch.observer/filing/0001062993-23-007844.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/0001062993-23-007844-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T12:35:50.947958+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1a8bce8861fc0722ff8279e34d1c59571211672a","claim":"Leatt Corp reported Full Year 2022 results: revenue $76.3 million, net income $9.96 million, EPS $1.71 per share.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/0001062993-23-007844-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$76.3 million"},{"label":"Net income","value":"$9.96 million"},{"label":"EPS","value":"$1.71 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b4b546627c1a47e0b0f9c2442c2b77d1019d562f","claim":"Leatt Corp reported Fourth Quarter 2022 results: revenue $10.9 million, net income ($1.1) million, EPS ($0.18) per basic.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/0001062993-23-007844-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2022"},{"label":"Revenue","value":"$10.9 million"},{"label":"Net income","value":"($1.1) million"},{"label":"EPS","value":"($0.18) per basic"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}