Leatt Corp ( (LEAT) ) has released its Q1 earnings. Here is a breakdown of the information Leatt Corp presented to its investors.
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Leatt Corporation, a prominent player in the protective gear industry, specializes in developing head-to-toe safety equipment for extreme sports, including the renowned Leatt-Brace® neck protection system.
In its latest earnings report for the first quarter of 2025, Leatt Corp reported a significant 45% increase in global revenues, reaching $15.37 million, and a remarkable 237% rise in net income, amounting to $1.12 million. These results reflect a strong start to the year for the company, driven by robust sales across all major product categories.
The company’s financial performance was bolstered by a 101% surge in helmet revenues and a 37% increase in body armor sales. Gross profit also saw a substantial rise of 68%, reaching $6.72 million. Leatt’s international distributor sales grew by 79%, indicating improved inventory management and ordering patterns. Despite a 9% contraction in U.S. dealer direct sales, consumer direct sales increased by 14%, showcasing strong demand for Leatt’s innovative products.
Looking ahead, Leatt Corp remains optimistic about its growth prospects. The company is focused on expanding its product pipeline and strengthening its global sales force to navigate potential geopolitical and economic challenges. With a solid balance sheet and a commitment to innovation, Leatt is well-positioned to continue its trajectory of growth and enhance shareholder value.