secwatch.observer — SEC 8-K summary
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Issuer:     Leatt Corp (LEAT)
CIK:        0001456189
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001062993-23-007844
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/0001062993-23-007844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456189/000106299323007844/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-007844

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