secwatch.observer — SEC 8-K summary
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Issuer:     Leatt Corp (LEAT)
CIK:        0001456189
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001062993-23-016122
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456189/000106299323016122/0001062993-23-016122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456189/000106299323016122/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-016122

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer