---
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"
generated_at: "2026-06-17T12:35:50.947958+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-007844
- JSON: https://secwatch.observer/filing/0001062993-23-007844.json
- Plain text: https://secwatch.observer/filing/0001062993-23-007844.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/0001062993-23-007844-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/0001062993-23-007844-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.