---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-006302"
form_type: "8-K"
ticker: "LEAT"
cik: "0001456189"
company_name: "Leatt Corp"
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:05:50.222838+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-24-006302
- form_type: 8-K
- ticker: LEAT
- cik: 0001456189
- company_name: Leatt Corp
- filed_at: 2024-03-13T23:59:59+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/1456189/000106299324006302/0001062993-24-006302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1456189/000106299324006302/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-006302
- JSON: https://secwatch.observer/filing/0001062993-24-006302.json
- Plain text: https://secwatch.observer/filing/0001062993-24-006302.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1456189/000106299324006302/0001062993-24-006302-index.htm

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