{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-23-016122","form_type":"8-K","ticker":"LEAT","cik":"0001456189","company_name":"Leatt Corp","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.986715+00:00","generated_at":"2026-06-11T17:10:22.821593+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Leatt Q2 2023 revenue $12.35M, down 31% YoY; net income down 72%","bullets":["Revenue $12.35M, down 31% from $17.94M in Q2 2022.","Net income $776,139 ($0.13 basic EPS), down 72% from $2.73M.","Helmet sales up 48% to $3.52M, driven by MTB 3.0 and MOTO redesign.","Gross profit margin improved to 44% YTD from 41%; cash and equivalents $12M, up 69%.","CEO cites post-Covid inventory digestion as headwind; expects moderate recovery."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-23-016122","json":"https://secwatch.observer/filing/0001062993-23-016122.json","markdown":"https://secwatch.observer/filing/0001062993-23-016122.md","text":"https://secwatch.observer/filing/0001062993-23-016122.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1456189/000106299323016122/0001062993-23-016122-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1456189/000106299323016122/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T17:10:22.821593+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":"79cca5e488349f438d22955ef883544918b50814","claim":"Leatt Corp reported second quarter ended June 30, 2023 results: revenue $12.35 million, net income $776,139, EPS $0.13 per basic and $0.12 per diluted share.","evidence_excerpt":"today announced financial results for the second quarter ending June 30, 2023. All financial numbers are in U.S. dollars. Second Quarter 2023 Snapshot • Global revenues were $12.35 million, down 31%, compared to the second quarter of 2022. • Gross profit margins increased from 41% to 44% for the first six months of 2023, compared to same period of 2022. • Net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1456189/000106299323016122/0001062993-23-016122-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$12.35 million"},{"label":"Net income","value":"$776,139"},{"label":"EPS","value":"$0.13 per basic and $0.12 per diluted share"},{"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"}