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Leatt Corporation (LEAT)
OTHER OTC:LEAT
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.23Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -10.13%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautiously optimistic outlook with a return to revenue growth and improvements in inventory management and international sales, particularly in Europe. However, these positive aspects are offset by significant declines in net income and challenges in the footwear and apparel segments, as well as difficulties in U.S. brick-and-mortar sales.Company Guidance
During the third quarter of 2024, Leatt Corporation reported a modest 1% increase in global revenues, reaching $12.14 million, as the company navigated economic headwinds and inventory challenges. International sales grew by 5% to $8.58 million, contributing to a gross profit of $5.17 million. Inventory levels decreased by 23% over the last nine months, signaling improved stock management. Direct-to-consumer sales surged by 12%, and cash holdings rose by $1.1 million to $12.7 million, supported by $2.98 million in operating cash flows. Despite declines in certain segments, like footwear, the company saw gains in body armor and direct sales. Net income for the quarter was $116,000, down 75% from the previous year. Leatt remains optimistic about future growth, bolstered by strategic investments in talent, marketing, and distribution partnerships, particularly in Europe and emerging markets.Return to Revenue Growth
Total global revenues for Q3 2024 were $12.14 million, marking a 1% increase year-over-year. International sales were up by 5% to $8.58 million.
Improvement in Inventory Management
Inventory levels decreased by $4.62 million or 23% over the last 9 months, reflecting better inventory management and preparation for stronger ordering.
Direct-to-Consumer Growth
The direct-to-consumer sales channel grew by 12% during the quarter, with strong performance in South Africa exceeding expectations.
Increase in Cash and Cash Flow
Cash increased by $1.1 million to $12.7 million, with cash flows from operations of $2.98 million for the 9 months ended September 30, 2024.
Positive Outlook in Europe
Improvement in consumer sentiment and ordering patterns in Europe, with inventory being digested and interest rates decreasing.
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LEAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LEAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $7.90 | $8.00 | +1.27% |
| Aug 09, 2024 | $7.60 | $7.55 | -0.66% |
| May 13, 2024 | $7.80 | $7.80 | 0.00% |
| Mar 13, 2024 | $8.60 | $8.26 | -3.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Leatt Corporation (LEAT) report earnings?
Leatt Corporation (LEAT) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Leatt Corporation (LEAT) earnings time?
Leatt Corporation (LEAT) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEAT EPS forecast?
Currently, no data Available
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