secwatch.observer — SEC 8-K summary
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Issuer:     Leatt Corp (LEAT)
CIK:        0001456189
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001062993-24-009958
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456189/000106299324009958/0001062993-24-009958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456189/000106299324009958/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-009958

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