Leatt Corporation reported significant financial growth in its latest quarterly results, with revenues for the three months ended June 30, 2025, reaching $16.18 million, a 61% increase from $10.08 million in the same period last year. For the six-month period, revenues totaled $31.54 million, up 52% from $20.69 million in 2024. The company attributed this growth to increased sales across various product lines, particularly body armor and helmets, which saw substantial demand as consumer interest in protective gear continues to rise.

The company's gross profit for the second quarter was $6.89 million, representing a gross margin of 43%, compared to 39% in the prior year. This increase in profitability was driven by improved sales dynamics and operational efficiencies, despite a rise in cost of revenues, which increased by 51% to $9.29 million for the quarter. Net income for the quarter was reported at $1.14 million, a significant turnaround from a net loss of $1.06 million in the same quarter of 2024. For the six-month period, net income was $2.26 million, compared to a loss of $1.87 million in the previous year.

Operationally, Leatt has seen a positive shift in its customer base, with direct sales to consumers and global distributors increasing by 35% and 74%, respectively, during the second quarter. The company also reported a notable increase in sales to U.S. customers, which rose from $3.73 million to $5.56 million year-over-year. International sales accounted for 66% of total revenues in the second quarter, highlighting the company's strong global presence.

In terms of strategic developments, Leatt has focused on enhancing its product offerings and expanding its market reach. The company continues to invest in its sales and marketing capabilities, which has contributed to the growth in dealer direct sales, up 45% compared to the previous year. Additionally, Leatt is actively working on improving its supply chain and logistics to better meet customer demand and reduce operational costs. The company reported a decrease in inventory levels, which fell from $17.99 million at the end of 2024 to $12.90 million by June 30, 2025, indicating improved inventory management.

Looking ahead, Leatt remains optimistic about its growth trajectory, driven by increasing demand for its protective gear in the motorsports and cycling markets. The company plans to continue leveraging its strong brand and expanding its product lines while navigating potential challenges related to global economic conditions and trade policies. Management believes that the current cash reserves, along with operational cash flow, will be sufficient to support its growth initiatives over the next twelve months.

About Leatt Corp

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