Leatt Corp Announces Results for the Third Quarter 2025

Core Insights - Leatt Corporation reported a significant increase in revenues and net income for the third quarter of 2025, with revenues rising 18% to $14.34 million and net income soaring 366% to $539,256 [4][9]. Financial Performance - Revenues for the first nine months of 2025 reached $45.89 million, a 40% increase compared to the same period in 2024 [6][13]. - Net income for the first nine months was $2.80 million, up 259% from the previous year [6][13]. - Gross profit margin improved from 43% to 44% year-over-year [5][13]. Product Category Growth - All product categories experienced double-digit growth year-to-date, with body armor sales increasing by 30%, helmets by 60%, and other products, parts, and accessories by 49% [6][13]. - International distributor sales rose by 17%, indicating improved demand and market conditions [4][6]. Direct-to-Consumer Sales - Direct-to-consumer sales surged by 61% in the third quarter and increased by 37% year-to-date compared to 2024 [12][13]. Operational Efficiency - The company generated $1.45 million in cash flows from operations, reflecting improved liquidity [6][9]. - As of September 30, 2025, Leatt had cash, cash equivalents, and restricted cash totaling $12.39 million, with a current ratio of 5:1 [9][13]. Strategic Outlook - The company is optimistic about future growth, particularly in the ADV market, which is seen as a significant opportunity [4][10]. - Leatt continues to invest in building a diversified, multi-channel sales organization to enhance its global presence [7][10].