Leatt’s Sales Outpace OpEx to Drive Big Profit Gains
The South African protective equipment maker’s bottom line soared more than fourfold to $2,203,902 in the third quarter from $539,256 prior on sales that grew 43% to $20,458,825 up from $14,343,992. Most segments improved, with core body armor up 47% to $9.1 million and helmet sales up 68% to $5.6 million; however, neck protective sales were down 13% to $0.7 million against a strong prior-quarter comp. Other products were up 24% to $5.1 million. Sales to global distributors increased by 52%, dealer direct revenues grew ... Log in to view full article.