Leatt Corp Announces First Quarter 2019 Results
LEATT CORP (LEAT)
NASDAQ:AMEX Investor Relations:
leatt-corp.com
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Source: PR Newswire
CAPE TOWN, South Africa, May 13, 2019 /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 first quarter ending March 31, 2019. All financial numbers are in U.S. dollars.First Quarter 2019 HighlightsRevenues increased by 11%, to $6.1 million Knee brace sales volume increased by 49% Helmet revenues increased by 9%; strong demand continues Other Products, Parts and Accessories category increases by 99% on strong demand for new line of goggles Successful global launch of Leatt Velocity 6.5 line of goggles; awarded product of the month in April 2019 by Descend Mountain BikeLeatt CEO, Sean Macdonald, said, "Revenue for the first quarter, traditionally the most challenging quarter of the year for us, was $6.1 million, representing an 11 percent increase over the 2018 first quarter. International sales continu
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