Leatt Corp Announces Results for the Second Quarter 2025

Core Insights - Leatt Corporation reported a significant increase in global revenues and net income for the second quarter of 2025, with revenues rising by 61% to $16.18 million and net income increasing by 208% to $1.14 million compared to the same period in 2024 [3][11][12]. Financial Performance - Total global revenues for Q2 2025 were $16.18 million, up from $10.08 million in Q2 2024, marking a 61% increase [9]. - Net income for Q2 2025 was $1.14 million, or $0.18 per share, compared to a net loss of $1.06 million in Q2 2024 [12]. - Gross profit for Q2 2025 was $6.89 million, a 76% increase from $3.92 million in Q2 2024, with gross profit margin improving from 39% to 43% [5][10]. Product Category Performance - Body armor revenues increased by 48%, helmet revenues surged by 117%, other products (including apparel and accessories) rose by 65%, and neck brace sales grew by 19% compared to Q2 2024 [4]. - Consumer direct sales grew by 35%, while dealer direct MOTO and MTB sales in the U.S. increased by 45% [6]. Operational Highlights - The company achieved its fourth consecutive quarter of revenue growth and third consecutive quarter of double-digit growth following a post-COVID inventory surplus [3]. - Cash and cash equivalents increased by 27% to $15.73 million, with cash flows from operations for the first six months of 2025 amounting to $4.11 million [8][12]. Awards and Recognition - Leatt's 5.0 Gravity Helmet won the Gold Award for Technical Highlights, and the 6.0 HydraDri® Jacket received an award for Performance Clothing at Eurobike 2025 [11][13]. Business Outlook - The company anticipates continued growth driven by international sell-through, re-stocking dynamics, and domestic sales outreach programs [14]. - Despite some geopolitical and economic challenges, the company remains confident in its strategy of investing in talent and innovative product development to fuel future growth [15][16].