Leatt Corp Q1 2025 revenue up 45% to $15.37M; net income $1.12M vs prior-year loss

Leatt Corp

2025-Q1 EPS reported $0.17 revenue$15,367,864

Revenue $15.37M, +45% YoY; net income $1.12M ($0.18 basic EPS) vs net loss ($0.82M) in Q1 2024.
Gross profit $6.72M (+68% YoY); margin expanded from 38% to 44%.
Helmet revenues surged 101% YoY; body armor +37%; other products +33%.
Cash & equivalents $12.70M; operating cash flow $768K; current ratio 7.3:1.
U.S. dealer-direct sales declined 9%; international distributor sales rose 79%.

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