---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-23-020126"
form_type: "8-K"
ticker: "LEAT"
cik: "0001456189"
company_name: "Leatt Corp"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T19:37:45.894222+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-23-020126
- form_type: 8-K
- ticker: LEAT
- cik: 0001456189
- company_name: Leatt Corp
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1456189/000106299323020126/0001062993-23-020126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456189/000106299323020126/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-23-020126
- JSON: https://secwatch.observer/filing/0001062993-23-020126.json
- Plain text: https://secwatch.observer/filing/0001062993-23-020126.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456189/000106299323020126/0001062993-23-020126-index.htm

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