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Stock impact report

Leatt Corp Announces Results for the Second Quarter 2023

LEATT CORP (LEAT) 
NASDAQ:AMEX Investor Relations: leatt-corp.com
Company Research Source: PR Newswire
CAPE TOWN, South Africa, Aug. 10, 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 financial results for the second quarter ending June 30, 2023. All financial numbers are in U.S. dollars.Second Quarter 2023 SnapshotGlobal revenues were $12.35 million, down 31%, compared to the second quarter of 2022.Gross profit margins increased from 41% to 44% for the first six months of 2023, compared to same period of 2022.Net Income was $776,139, down 72%, compared to the second quarter of 2022.Helmet sales were $3.52 million, an increase of 48%, compared to the second quarter of 2022.Cash and cash equivalents for the first six months increased 69% to $12 million.Cash flow generated from operations was $6.82 million for the first six months of 2023.Leatt brand momentum continues at consumer level despite constrained industry wide Show less Read more
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