$LEAT
Leatt Corp

2022 Q4 Form 10-Q Financial Statement

#000106299322021736 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $10.91M $23.26M $22.10M
YoY Change -52.93% 5.24% 94.36%
Cost Of Revenue $7.185M $13.12M $12.57M
YoY Change -46.8% 4.38% 95.75%
Gross Profit $3.725M $10.14M $9.529M
YoY Change -61.48% 6.37% 92.57%
Gross Profit Margin 34.14% 43.58% 43.12%
Selling, General & Admin $4.643M $3.972M $3.098M
YoY Change 17.12% 28.2% 38.5%
% of Gross Profit 124.64% 39.19% 32.51%
Research & Development $663.9K $501.6K $468.9K
YoY Change 30.77% 6.97% 15.86%
% of Gross Profit 17.82% 4.95% 4.92%
Depreciation & Amortization $268.6K $264.9K $265.8K
YoY Change -4.34% -0.32% 25.03%
% of Gross Profit 7.21% 2.61% 2.79%
Operating Expenses $5.536M $4.739M $3.775M
YoY Change 17.49% 25.54% 33.93%
Operating Profit -$1.810M $5.472M $5.754M
YoY Change -136.5% -4.9% 170.15%
Interest Expense -$19.14K $7.780K $1.410K
YoY Change 1159.21% 451.77% -92.85%
% of Operating Profit 0.14% 0.02%
Other Income/Expense, Net $7.784K $1.413K
YoY Change 450.88% -92.84%
Pretax Income -$1.830M $5.480M $5.756M
YoY Change -136.9% -4.79% 167.74%
Income Tax -$752.2K $1.392M $1.468M
% Of Pretax Income 25.4% 25.5%
Net Earnings -$1.077M $4.088M $4.288M
YoY Change -128.22% -4.66% 166.08%
Net Earnings / Revenue -9.87% 17.58% 19.4%
Basic Earnings Per Share $0.70 $0.79
Diluted Earnings Per Share -$0.18 $0.65 $692.6K
COMMON SHARES
Basic Shares Outstanding 5.827M shares 5.827M shares 5.462M shares
Diluted Shares Outstanding 6.261M shares 6.191M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.103M $4.894M $2.645M
YoY Change 39.8% 85.02% -9.63%
Cash & Equivalents $7.103M $4.835M $2.587M
Short-Term Investments $0.00 $58.27K $58.26K
Other Short-Term Assets $4.942M $2.534M $6.079M
YoY Change -14.63% -58.32% 120.81%
Inventory $22.81M $25.02M $14.68M
Prepaid Expenses
Receivables $12.84M $22.50M $17.16M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $47.69M $54.95M $40.57M
YoY Change 6.9% 35.46% 123.23%
LONG-TERM ASSETS
Property, Plant & Equipment $3.104M $3.066M $4.719M
YoY Change -0.76% -35.02% 73.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $40.80K $40.14K $112.3K
YoY Change 22.38% -64.24% 244.42%
Total Long-Term Assets $4.237M $4.270M $4.831M
YoY Change -6.97% -11.6% 75.81%
TOTAL ASSETS
Total Short-Term Assets $47.69M $54.95M $40.57M
Total Long-Term Assets $4.237M $4.270M $4.831M
Total Assets $51.93M $59.22M $45.40M
YoY Change 5.61% 30.46% 117.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.011M $12.48M $16.42M
YoY Change -58.88% -24.0% 173.33%
Accrued Expenses $680.7K $286.6K $399.3K
YoY Change 113.65% -28.24% 143.69%
Deferred Revenue
YoY Change
Short-Term Debt $1.030M $142.9K $142.7K
YoY Change 5.66% 0.2% -17.02%
Long-Term Debt Due $108.4K $89.74K
YoY Change 30.18%
Total Short-Term Liabilities $11.21M $17.81M $19.89M
YoY Change -40.14% -10.44% 176.11%
LONG-TERM LIABILITIES
Long-Term Debt $142.0K $124.7K $0.00
YoY Change -24.98% -100.0%
Other Long-Term Liabilities $811.4K $1.257M $1.440M
YoY Change -41.82% -12.72% 364.32%
Total Long-Term Liabilities $953.4K $1.382M $1.440M
YoY Change -39.8% -4.06% 176.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.21M $17.81M $19.89M
Total Long-Term Liabilities $953.4K $1.382M $1.440M
Total Liabilities $12.23M $19.42M $21.33M
YoY Change -40.46% -8.94% 176.13%
SHAREHOLDERS EQUITY
Retained Earnings $30.00M $31.07M
YoY Change 49.71%
Common Stock $130.3K $130.3K
YoY Change 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.69M $39.80M $24.07M
YoY Change
Total Liabilities & Shareholders Equity $51.93M $59.22M $45.40M
YoY Change 5.61% 30.46% 117.0%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$1.077M $4.088M $4.288M
YoY Change -128.22% -4.66% 166.08%
Depreciation, Depletion And Amortization $268.6K $264.9K $265.8K
YoY Change -4.34% -0.32% 25.03%
Cash From Operating Activities $1.338M $795.2K -$124.9K
YoY Change -18.25% -736.87% -113.22%
INVESTING ACTIVITIES
Capital Expenditures $279.0K -$429.7K -$701.2K
YoY Change -213.11% -38.73% 18.84%
Acquisitions
YoY Change
Other Investing Activities $58.27K $690.00 $0.00
YoY Change 2872.96% -100.0%
Cash From Investing Activities -$220.7K -$429.0K -$701.2K
YoY Change -9.8% -38.82% 24.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 923.2K -106.2K -217.2K
YoY Change -18.37% -51.12% 43.86%
NET CHANGE
Cash From Operating Activities 1.338M 795.2K -124.9K
Cash From Investing Activities -220.7K -429.0K -701.2K
Cash From Financing Activities 923.2K -106.2K -217.2K
Net Change In Cash 2.041M 260.0K -1.043M
YoY Change -19.12% -124.92% -555.61%
FREE CASH FLOW
Cash From Operating Activities $1.338M $795.2K -$124.9K
Capital Expenditures $279.0K -$429.7K -$701.2K
Free Cash Flow $1.059M $1.225M $576.4K
YoY Change -43.76% 112.52% -62.45%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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NotePayableInstalments
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us-gaap Revenues
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us-gaap Cost Of Revenue
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us-gaap Gross Profit
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us-gaap Gross Profit
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leat Product Royalty Income
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leat Product Royalty Income
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us-gaap Salaries And Wages
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us-gaap Salaries And Wages
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us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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us-gaap Stock Issued During Period Value Stock Options Exercised
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Depreciation And Amortization
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us-gaap Deferred Other Tax Expense Benefit
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leat Commissions And Consulting Expenses
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us-gaap Earnings Per Share Diluted
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