Q2 2026 Leatt Corp Earnings Call Transcript
Key Points
- U.S. revenues grew by 11% to $6.15 million, and international revenues increased by 4% to $10.24 million.
- Consumer Direct sales surged by 68% or $962,000 during the quarter, highlighting strong direct-to-consumer demand.
- Gross profit increased by 8% to $7.44 million, with gross margin improving by 2% to 45%.
- Year-to-date revenues rose by 14% to $35.9 million, and net income improved by 19% to $2.68 million.
- Cash position strengthened to $19.53 million, with a current ratio of 7.42, providing ample liquidity for growth.
- Total revenue growth was only 1% due to temporary supply chain timing challenges that delayed shipments.
- Neck brace sales decreased by 23% due to a 43% drop in units sold.
- Other products, parts, and accessories sales fell by 13%, driven by a 20% decline in apparel revenues.
- Net income for Q2 declined by 20% to $909,000, impacted by a 16% increase in operating costs.
- Global distributor sales decreased by 6% or $653,000 due to shipping delays, though the issue has been resolved.
Hello and welcome everyone joining today's Leatt Corp Second Quarter 2026 Results Conference Call. (Operator Instructions)
Please note this call is being recorded. We are standing by should you need any assistance. It is now my pleasure to turn the meeting over to Michael. Please go ahead.
Thanks, Leslie. Good morning and welcome to the Leatt Corporation Investor Conference Call to discuss the financial results for the second quarter 2026. The company issued a press release today, Friday, August 14, 2026 at 8:00 a.m. Eastern and filed its report with the SEC. The press release is posted on Leatt's website at leatt-corp.com. This call is being broadcast live and may be accessed on the company's.
An audio replay of this call will be available for seven days and may be accessed from North America by calling 1-844-512-2921 or 1-412-317-6671 for international callers. The replay PIN number is 11,162,418.
A replay of the webcast will be available immediately following this call and will
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