From Investing.com: 2024-05-13 19:40:14

Thank you, Leatt Corporation, for sharing your first-quarter results for 2024. Despite a 19% decrease in total global revenues, the company saw an increase in consumer direct sales and dealer direct sales. The company remains optimistic about future growth, focusing on expanding product offerings and sales channels. Cash flow increased by $2.18 million, and inventory levels improved, signaling resilience in the face of market challenges. Leatt’s strategic decisions, including hiring new talent and focusing on the US market, demonstrate a commitment to future success and growth. Investors and stakeholders await the next earnings call to assess the effectiveness of these strategies. InvestingPro provides additional insights, with Leatt maintaining a strong financial position and potential for future growth. With a focus on innovation and strategic hires, Leatt is positioning itself for sustained growth in the competitive cycling and motorcycle industry.



Read more at Investing.com: Leatt reported a 19% decrease in total global revenue By Investing.com