Leatt Corp Announces Results for the Third Quarter 2024
LEATT CORP (LEAT)
NASDAQ:AMEX Investor Relations:
leatt-corp.com
Company Research
Source: PR Newswire
CAPE TOWN, South Africa, Oct. 29, 2024 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), a leading developer and marketer of head-to-toe protective equipment for Moto, MTB, ADV and a wide range of extreme and high-velocity sports, today announced financial results for the third quarter ending September 30, 2024. All financial numbers are in U.S. dollars.Third Quarter and First Nine Months 2024 SnapshotGlobal revenues returned to growth as revenues for the third quarter of 2024 were $12.14 million, up 1%, compared to the third quarter of 2023.Gross profit margins increased 4% sequentially, compared to the second quarter of 2024.Cash flow generated from operations for the first nine months of 2024 was $2.98 million.Net Income was $115,837, down 75%, compared to the third quarter of 2023.Direct-to-consumer sales increased 12% for the third quarter of 2024.Cash and cash equivalents at September 30, 2024 was $12.47 million, up 10%, compared to cash on hand at December 31, 2023.Chief Executi
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