LEAT
Leatt Corporation9.43
+0.03+0.32%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A colors US turnaround, tariffs
Q&A largely reaffirmed the prepared remarks' momentum story on 41% full-year revenue growth to $61.91 million. Management highlighted U.S. sales' 27% rise as a strong turnaround kickoff, crediting a new sales team, dealer outreach, DTC gains, and incoming global marketing head Nick Larsen for untapped share. Tariffs created uncertainty—more than direct hits—but were mitigated via targeted price increases. Growth blended demand-fueled restocking with fresh distributors in emerging markets. US push just starting. Optimism intact; watch domestic traction.
Key Stats
Market Cap
58.63MP/E (TTM)
26.19Basic EPS (TTM)
0.36Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Leatt crushed Q3 with revenues up 18% y/y to $14.3M, gross margins edging to 44% on shipping efficiencies, while operating income leaped to $630K from $26K. YTD revenue soared 40% y/y to $45.9M, flipping a $1.9M operating loss into $3.5M profit and $0.43 diluted EPS—spot on with 6.5M shares. Cash steady at $12.4M after $1.4M operating cash flow minus $772K capex; $1.5M revolver fully available, debt minimal at $13K. Share buyback underway. Tariffs on Asian manufacturing loom large.
8-K
Revenues up 18%, income soars 366%
Leatt Corp reported Q3 2025 revenues of $14.34 million, up 18% from last year, with net income surging 366% to $539,256. Direct-to-consumer sales jumped 61%, while nine-month revenues hit $45.89 million, up 40%, and cash balances stood at $12.39 million. Nick Larsen joined as Head of Brand. Growth spans all categories, yet tariff risks linger.
10-Q
Q2 FY2025 results
Leatt crushed Q2 FY2025 ended June 30, 2025, with revenues jumping 61% y/y to $16.2M and 52% YTD to $31.5M, driven by body armor (51% of sales) and helmets surging 117% y/y in the quarter. Gross margins expanded to 43% from 39%, fueling operating income of $1.4M versus a $1.1M loss last year; diluted EPS hit $0.18 on 6.5M shares. Cash swelled to $15.7M after $4.1M operating cash flow minus $0.3M capex (FCF $3.8M derived), with $1.5M revolver fully available and minimal $0.2M debt. Inventory dropped sharply. Tariffs on China-made goods loom large.
8-K
Revenues up 61% to $16.2M
Leatt Corp reported Q2 2025 revenues of $16.18 million, up 61% from Q2 2024, with gross profit surging 76% to $6.89 million and net income flipping to $1.14 million, up 208%. Cash hit $15.73 million amid strong growth across helmets (117%), body armor (48%), and consumer direct sales (35%). Awards at Eurobike boost innovation cred. Tariffs loom as a risk.
8-K
Shareholders re-elect directors, ratify auditors
Leatt Corp. shareholders overwhelmingly elected directors Christopher J. Leatt, Sean Macdonald, and Jeffrey J. Guzy at the July 1, 2025 annual meeting, with 80.43% of shares present. They also ratified M&K CPAS, PLLC as auditors for 2025, passing 14.65M for, zero against. Board continuity locked in.
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