Leatt Corp LEAT

Consumer Cyclical Leisure

Leatt Corporation designs, develops, markets and distributes personal protective equipment for participants in various forms of motor sports and leisure activities, including riders of motorcycles, bicycles, snowmobiles and all-terrain vehicles (ATVs), as well as racing car drivers. The Company sells its products to customers across the world, through a network of distributors and retailers. It also acts as the original equipment manufacturer for neck braces sold by other international brands. The Company's products are based on the Leatt-Brace system, an injection molded neck protection system, designed to prevent devastating injuries to the cervical spine and neck. The Company's other products include other products, parts and accessories are comprised of goggles, hydrations bags and apparel items including jerseys, pants, shorts and jackets as well as aftermarket support items required primarily to replace worn or damaged parts through its global distribution network.

OTCQB:LEAT - Post by User

Leatt Corp > Under $20

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Post by DrewJacksonon Sep 27, 2022 6:34pm

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Post# 34990722

Under $20

Rarely do I see this under $20 (PE around 8), but with growth stocks getting hammered in the current interest rate environment I suppose it was inevitable. Q2 showed weak revenue growth, which management attributed to supply saturation among distributors. Q3 should be interesting. Is a revenue decline trend forming? Or was Q2 just a one-off? They should report Q3 the week of November 14th. It's a bit optimistic, but I'm hoping for $23M+ in revenue and $0.70+ EPS.

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