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Stock impact report

Leatt Corp Announces Results for the Third Quarter 2023

LEATT CORP (LEAT) 
NASDAQ:AMEX Investor Relations: leatt-corp.com
Company Research Source: PR Newswire
CAPE TOWN, South Africa, Nov. 6, 2023 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), the leading developer and marketer of head-to-toe protective equipment for Moto, MTB, and a wide range of extreme and high-velocity sports, today announced financial results for the third quarter ending September 30, 2023. All financial numbers are in U.S. dollars.Third Quarter and First Nine Months 2023 SnapshotGlobal revenues for the first nine months were $37.4 million, down 43% compared to the first nine months of 2022.Gross profit margins increased from 42% to 43% for the first nine months of 2023, compared to the same period of 2022.Net Income was $2.3 million, down 80%, compared to the first nine months of 2022.Cash flow generated from operations for the first nine months was $6.6 million, up 277%, compared to $1.7 million for the first nine months of 2022.Cash and cash equivalents at September 30, 2023 was $10.8 million, up 123%, compared to $4.8 million as of September 30, 2022.Leatt brand Show less Read more
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