secwatch.observer — SEC 8-K summary
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Issuer:     Leatt Corp (LEAT)
CIK:        0001456189
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001062993-25-009301
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456189/000106299325009301/0001062993-25-009301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456189/000106299325009301/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-25-009301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer