---
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"
generated_at: "2026-06-02T02:09:39.429963+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-009958
- JSON: https://secwatch.observer/filing/0001062993-24-009958.json
- Plain text: https://secwatch.observer/filing/0001062993-24-009958.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1456189/000106299324009958/0001062993-24-009958-index.htm

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