Leatt Q2 Earnings Call Highlights

Leatt (OTCMKTS:LEAT) reported second-quarter gross that roseate modestly from a twelvemonth earlier arsenic delayed shipments to planetary distributors offset gains successful U.S. sales, direct-to-consumer business, assemblage armor and helmets.

Total gross for the 4th ended June 30 was $16.39 million, up 1% from $16.18 cardinal successful the prior-year period. Net income declined 20% to $909,000, oregon $0.15 per basal stock and $0.14 per diluted share, compared with $1.14 million, oregon $0.18 per basal and diluted share, a twelvemonth earlier.

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Chief Executive Officer Sean Macdonald said the 4th was affected by impermanent supply-chain timing issues that delayed respective shipments scheduled for the second fractional of the 2nd quarter. He said the contented has since been resolved and that the affected products person already shipped successful the aboriginal weeks of the 3rd quarter.

"There was perfectly nary gross lost," Macdonald said during the company's net call. "This is truly conscionable weeks successful presumption of shipping."

Sales Growth Led by U.S. and Direct-to-Consumer Channels

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U.S. gross accrued 11% to $6.15 cardinal during the quarter, portion planetary gross roseate 4% to $10.24 million. Direct-to-consumer income accrued 68%, oregon $962,000, which Macdonald described arsenic a continuing item for the company.

The delayed shipments chiefly affected apparel, boots and helmets intended for planetary distributors. As a result, income to planetary distributors fell 6%, oregon $653,000, during the quarter. Macdonald noted that planetary organisation gross had accrued 79% successful the 2nd 4th of 2025, creating a hard comparison.