Leatt Corp
OTC:LEAT
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 Growth: Leatt reported third quarter revenue of $14.34 million, up 18% year-on-year, marking the fourth consecutive quarter of double-digit growth.
Profitability: Net income rose sharply to $539,000, a 366% increase over last year’s third quarter.
Product Strength: All major product categories achieved double-digit year-to-date growth, with notable performance in body armor (up 30%), helmets (up 60%), and apparel/accessories (up 49%).
Direct-to-Consumer Surge: Consumer direct sales grew 61% in Q3 and 37% year-to-date, driven by a new digital strategy and web platform.
International Patterns: International distributor sales increased 17% in Q3; some timing shifts are expected to boost Q4 shipments.
Pricing Actions: Prices increased by 8% to 10% in line with industry norms, with limited negative impact on demand.
Stock Buybacks: The company repurchased shares in Q3 and plans to continue buybacks through December.
Balance Sheet: Leatt ended the quarter with $12.39 million in cash and a 5:1 current ratio, emphasizing strong liquidity.
