Leatt Q2 2024 revenue down 18% to $10.08M; posts $1.13M operating loss

Leatt Corp

2024-Q2 EPS reported -$0.29 revenue$20,693,165

Revenue $10.08M (-18% YoY); operating loss $1.13M vs profit $1.31M prior year.
Net loss $1.06M ($0.17/sh) vs net income $0.78M ($0.13/sh) in Q2 2023.
Cash $13.33M (+17% YTD); operating cash flow $2.99M for six months.
U.S. sales $3.73M, intl. $6.34M; direct consumer +19%, dealer +14%, distributor -33%.
Launched new MTB bicycle components (handlebars, grips, stems, pedals) at Eurobike.

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