Leatt Q3 revenue down 48% to $12M, net income falls 89% to $460K

Leatt Corp

2023-Q3 EPS reported $0.36 revenue$37,438,414

Revenue $12.0M (-48% YoY); net income $460K (-89%); EPS $0.07 diluted vs $0.65.
International revenue $8.2M (-54%); US sales $3.9M (-29%).
Cash $10.8M (+123%); operating cash flow $6.6M (+277%) for first nine months.
Gross margin first nine months 43% (up from 42%).
Consumer direct sales +16% YTD; new ADV line launched at EICMA.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leatt Corp reported the third quarter ending September 30, 2023 results: revenue $12.0 million, net income $460,474, EPS $0.08 per basic and $0.07 per diluted share.

Period: the third quarter ending September 30, 2023
Revenue: $12.0 million
Net income: $460,474
EPS: $0.08 per basic and $0.07 per diluted share
Result: reported results

Exact text from the filing

and constrained ordering sentiment, they do not reflect the current marginal uptick in sentiment that we are experiencing at the dealer and consumer level. "Total revenues were $12.0 million, a 48% decline compared to last year's third quarter, which was one of the strongest quarters in company history. International revenues were $8.2 million, a decrease of 54% year

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Source: SEC EDGAR

accession 0001062993-23-020126

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