Leatt FY2023 revenue $47.24M (-38% YoY), net income $803K (-92%)

Leatt Corp

Full-year revenue $47.24M vs $76.34M in 2022; net income $803K vs $9.96M.
Q4 2023 revenue $9.80M (-10% YoY); net loss $1.46M vs loss $1.08M in Q4 2022.
Cash and equivalents $11.35M (+60% YoY); operating cash flow $6.66M (+116%).
Body armor sales fell $16.29M, helmets $3.36M, neck braces $2.64M.
Launched new ADV motorcycle gear line at EICMA; sees Q4 as start of recovery.

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 year ended December 31, 2023 results: revenue $47.24 million, net income $803,159, EPS $0.13 per diluted share.

Period: year ended December 31, 2023
Revenue: $47.24 million
Net income: $803,159
EPS: $0.13 per diluted share
Result: reported results

Exact text from the filing

quarter and full year ending December 31, 2023. All financial numbers are in U.S. dollars. Full Year and Fourth Quarter 2023 and Recent Highlights • Revenues for 2023 were $47.24 million, down 38%, compared to 2022. • Net income for 2023 was $803,159, down 92%, compared to 2022. • Fourth quarter 2023 revenues were $9.80 million, down 10% compared to 2022. • Cash

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Source: SEC EDGAR

accession 0001062993-24-006302

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