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Stock impact report

Leatt Corp Announces Record Breaking Revenue; Reports Results for Fourth Quarter and Full Year 2022

LEATT CORP (LEAT) 
NASDAQ:AMEX Investor Relations: leatt-corp.com
Company Research Source: PR Newswire
Global Revenues Increase to $76.3 millionCAPE TOWN, South Africa, March 28, 2023 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), a leading developer and marketer of protective equipment and ancillary products for many forms of sports, especially extreme high-velocity sports, today announced record financial results for the fourth quarter and full year ending December 31, 2022. All financial numbers are in U.S. dollars.Full Year 2022 and Recent HighlightsRecord full year revenues of $76.3 million, up 5%, compared to 2021.International sales of $59.02 million, up 13%, compared to 2021.Net Income of $9.96 million or $ 1.71 per share.Award-winning helmet category sales increase by 60%, compared to 2021.Cash and cash equivalents increased 41% to $7.1 million, compared to $5.02 million in 2021.Winner of 2023 Design & Innovation Award for Mono Suit MTB HydraDri 5.0 and MTB 3.0 Enduro Helmet.Partnership with Orbea Leatt Speed Company Racing Team and Expansion into Marathon Endurance Segment. Show less Read more
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