$LEAT
Leatt Corp

2020 Q1 Form 10-Q Financial Statement

#000106299320002303 Filed on May 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $7.542M $7.300M $6.091M
YoY Change 23.82% 32.39% 10.74%
Cost Of Revenue $4.018M $4.283M $3.229M
YoY Change 24.45% 39.99% 17.41%
Gross Profit $3.523M $3.017M $2.862M
YoY Change 23.11% 22.91% 3.7%
Gross Profit Margin 46.72% 41.33% 46.99%
Selling, General & Admin $2.453M $2.270M $2.326M
YoY Change 5.47% 12.0% 11.28%
% of Gross Profit 69.61% 75.22% 81.26%
Research & Development $388.2K $427.6K $340.1K
YoY Change 14.14% 20.96% 6.28%
% of Gross Profit 11.02% 14.17% 11.88%
Depreciation & Amortization $192.1K $190.5K $189.7K
YoY Change 1.24% -1.46% 18.56%
% of Gross Profit 5.45% 6.31% 6.63%
Operating Expenses $388.2K $2.874M $2.847M
YoY Change -86.36% 11.29% 11.2%
Operating Profit $3.135M $143.0K $15.34K
YoY Change 20338.37% -211.71% -92.33%
Interest Expense -$8.630K -$34.26K -$3.020K
YoY Change 185.76% -172.22%
% of Operating Profit -0.28% -23.96% -19.69%
Other Income/Expense, Net
YoY Change
Pretax Income $483.3K $67.20K $12.32K
YoY Change 3822.56% -183.44% -93.52%
Income Tax $120.8K $95.19K $3.080K
% Of Pretax Income 25.0% 141.65% 25.0%
Net Earnings $362.4K -$27.99K $9.238K
YoY Change 3823.45% 3154.65% -93.4%
Net Earnings / Revenue 4.81% -0.38% 0.15%
Basic Earnings Per Share
Diluted Earnings Per Share $65.48K -$5.196K $1.663K
COMMON SHARES
Basic Shares Outstanding 5.387M shares 5.387M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.503M $2.131M $1.614M
YoY Change -6.86% 20.53% 7.59%
Cash & Equivalents $1.445M $2.073M $1.556M
Short-Term Investments $58.25K $58.24K $58.23K
Other Short-Term Assets $2.219M $1.577M $1.001M
YoY Change 121.76% -8.37% 9.96%
Inventory $7.137M $8.655M $6.318M
Prepaid Expenses $447.5K
Receivables $3.514M $2.956M $2.570M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.37M $15.32M $11.50M
YoY Change 24.96% 47.96% 12.88%
LONG-TERM ASSETS
Property, Plant & Equipment $2.592M $2.431M $2.745M
YoY Change -5.56% 4.9% 27.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $25.23K $26.64K $25.36K
YoY Change -0.51% 4.97% -15.47%
Total Long-Term Assets $25.23K $26.64K $2.811M
YoY Change -99.1% -59.54% 24.36%
TOTAL ASSETS
Total Short-Term Assets $14.37M $15.32M $11.50M
Total Long-Term Assets $25.23K $26.64K $2.811M
Total Assets $16.99M $18.19M $14.31M
YoY Change 18.71% 42.81% 14.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.031M $5.426M $3.909M
YoY Change 3.14% 95.23% -0.29%
Accrued Expenses $170.0K $190.8K $171.6K
YoY Change -0.94%
Deferred Revenue
YoY Change
Short-Term Debt $945.8K $576.5K $384.1K
YoY Change 146.27% -0.97% 9.73%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.791M $7.086M $4.513M
YoY Change 28.32% 106.48% 5.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $361.8K $381.2K $386.4K
YoY Change -6.35% 376.49%
Total Long-Term Liabilities $361.8K $381.2K $386.4K
YoY Change -6.35% 376.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.791M $7.086M $4.513M
Total Long-Term Liabilities $361.8K $381.2K $386.4K
Total Liabilities $6.153M $7.467M $5.070M
YoY Change 21.35% 102.77% 17.91%
SHAREHOLDERS EQUITY
Retained Earnings $3.038M
YoY Change 82.77%
Common Stock $130.1K $130.1K
YoY Change 0.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.84M $10.72M $9.243M
YoY Change
Total Liabilities & Shareholders Equity $16.99M $18.19M $14.31M
YoY Change 18.71% 42.81% 14.96%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income $362.4K -$27.99K $9.238K
YoY Change 3823.45% 3154.65% -93.4%
Depreciation, Depletion And Amortization $192.1K $190.5K $189.7K
YoY Change 1.24% -1.46% 18.56%
Cash From Operating Activities -$383.9K -$152.0K $189.6K
YoY Change -302.54% 57.31% -27.1%
INVESTING ACTIVITIES
Capital Expenditures -$89.90K -$257.8K -$160.4K
YoY Change -43.94% -35.91% -19.83%
Acquisitions
YoY Change
Other Investing Activities $350.00 $1.080K $0.00
YoY Change
Cash From Investing Activities -$89.55K -$256.7K -$160.4K
YoY Change -44.15% -36.18% -19.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.36K 453.4K -183.1K
YoY Change -137.89% -12.45% 7.68%
NET CHANGE
Cash From Operating Activities -383.9K -152.0K 189.6K
Cash From Investing Activities -89.55K -256.7K -160.4K
Cash From Financing Activities 69.36K 453.4K -183.1K
Net Change In Cash -404.1K 44.59K -153.9K
YoY Change 162.64% 135.8% 39.87%
FREE CASH FLOW
Cash From Operating Activities -$383.9K -$152.0K $189.6K
Capital Expenditures -$89.90K -$257.8K -$160.4K
Free Cash Flow -$294.0K $105.8K $349.9K
YoY Change -184.03% -65.39% -23.93%

Facts In Submission

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Files In Submission

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0001062993-20-002303-index-headers.html Edgar Link pending
0001062993-20-002303-index.html Edgar Link pending
0001062993-20-002303.txt Edgar Link pending
0001062993-20-002303-xbrl.zip Edgar Link pending
exhibit31-1.htm Edgar Link pending
exhibit31-2.htm Edgar Link pending
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leat-20200331.xml Edgar Link completed
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