Leatt Corp
OTC:LEAT
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Leatt Corp
OTC:LEAT
|
ZA |
|
B
|
Bim Son Cement JSC
VN:BCC
|
VN |
|
Akwel SA
PAR:AKW
|
FR |
|
Olympique Lyonnais Groupe SA
PAR:OLG
|
FR |
|
Conavi Medical Corp
XTSX:CNVI
|
CA |
|
Saunders International Ltd
ASX:SND
|
AU |
Leatt Corp
Leatt Corp. engages in the design, development, marketing, and distribution of personal protective equipment. The firm sells its products to customers across the world, through a network of distributors and retailers. The company also acts as the original equipment manufacturer for neck braces sold by other international brands. The firm's products are based on the Leatt-Brace system, an injection molded neck protection system, designed to prevent devastating injuries to the cervical spine and neck. The firm's products include Leatt-Brace, Leatt Helmet Range and Leatt Body Armor Range. The firm also sells clothing and outerwear. Its hydration systems include Hydration Ultra 750 HF and Hydration Pack GPX Race HF 2.0.
Leatt Corp. engages in the design, development, marketing, and distribution of personal protective equipment. The firm sells its products to customers across the world, through a network of distributors and retailers. The company also acts as the original equipment manufacturer for neck braces sold by other international brands. The firm's products are based on the Leatt-Brace system, an injection molded neck protection system, designed to prevent devastating injuries to the cervical spine and neck. The firm's products include Leatt-Brace, Leatt Helmet Range and Leatt Body Armor Range. The firm also sells clothing and outerwear. Its hydration systems include Hydration Ultra 750 HF and Hydration Pack GPX Race HF 2.0.
Revenue: Total 2025 revenue was $61.91 million, up 41% year‑over‑year; Q4 revenue was $16.0 million, up 43% YoY.
Profitability: Full‑year net income was $3.26 million (vs. a loss in 2024); Q4 net income was $465,000 and gross margin expanded to 46% in the quarter (44% for the year).
Product momentum: Broad-based growth — helmets +59%, body armor +29%, other parts & accessories +56%, neck braces +18% — driven by higher volumes and new product rollouts.
Channels & regions: International revenue $44.64 million (up 47%); customer‑direct sales +44% and U.S. dealer sales +22% as the domestic sales team was rebuilt.
Capital & liquidity: Cash, cash equivalents and restricted cash totaled $13.23 million at year‑end; Board extended share repurchase authorization up to $750,000 (through March 31, 2026).
Headwinds & costs: Management cited tariff uncertainty as a modest headwind; operating costs rose 12% and working capital investments are expected to grow to support channel expansion.
Outlook: Management is optimistic, plans continued investment in marketing/sales and new products (notable focus on ADV market) and believes liquidity is sufficient to fund growth.
