{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-24-009958","form_type":"8-K","ticker":"LEAT","cik":"0001456189","company_name":"Leatt Corp","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.486706+00:00","generated_at":"2026-06-02T02:09:39.429963+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Leatt Q1 revenue down 19% to $10.6M; net loss of $0.13 per share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-24-009958","json":"https://secwatch.observer/filing/0001062993-24-009958.json","markdown":"https://secwatch.observer/filing/0001062993-24-009958.md","text":"https://secwatch.observer/filing/0001062993-24-009958.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1456189/000106299324009958/0001062993-24-009958-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1456189/000106299324009958/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T02:09:39.429963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a3c3a575275bf76c0d4a8f6f9f8c42499e19a4f2","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1456189/000106299324009958/0001062993-24-009958-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ending March 31, 2024"},{"label":"Revenue","value":"$10.61 million"},{"label":"Net income","value":"$(816,679) or $(0.13) per basic and $(0.13) per diluted share"},{"label":"EPS","value":"$(0.13) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}