---
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"
generated_at: "2026-06-11T17:10:22.821593+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Leatt Q2 2023 revenue $12.35M, down 31% YoY; net income down 72%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-016122
- JSON: https://secwatch.observer/filing/0001062993-23-016122.json
- Plain text: https://secwatch.observer/filing/0001062993-23-016122.txt

## Key facts
- Earnings Releases
  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.
  - Period: second quarter ended June 30, 2023
  - Revenue: $12.35 million
  - Net income: $776,139
  - EPS: $0.13 per basic and $0.12 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1456189/000106299323016122/0001062993-23-016122-index.htm

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