Leatt Q1 revenue down 19% to $10.6M; net loss of $0.13 per share

Leatt Corp

2024-Q1 EPS reported -$0.13 revenue$10,614,470

Revenue of $10.61M, down 19% YoY from $13.08M; operating loss of $(790,557), down 157%.
Net loss of $(816,679) or $(0.13) per basic and diluted share vs. net income of $1.02M in Q1 2023.
Cash from operations of $2.83M; cash and equivalents up 19% to $13.53M at March 31, 2024.
Inventory decreased $3.32M (16%) in Q1; consumer direct sales up 15%, dealer direct up 9%.
Distributor sales fell 31% as industry-wide stocking adjustments continue; ADV line initial shipments strong.

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 0.95

Leatt Corp reported first quarter ending March 31, 2024 results: revenue $10.61 million, net income $(816,679) or $(0.13) per basic and $(0.13) per diluted share, EPS $(0.13) per diluted share.

Period: first quarter ending March 31, 2024
Revenue: $10.61 million
Net income: $(816,679) or $(0.13) per basic and $(0.13) per diluted share
EPS: $(0.13) per diluted share
Result: reported results

Exact text from the filing

results for the first quarter ending March 31, 2024. All financial numbers are in U.S. dollars. First Quarter 2024 and Recent Highlights • Revenues for the first quarter were $10.61 million, down 19%, compared to the first quarter of 2023. • Cash flows provided by operations for the first quarter were $2.83 million. • Income (loss) from operations for the first

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Source: SEC EDGAR

accession 0001062993-24-009958

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