Filing Flows › Leatt (LEAT) › Q4 2024
Leatt (LEAT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
Leatt (LEAT) reported revenue of $11.2M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and -8% from the quarter before. Operating margin was -9.7%, net loss $446K (4.0% of revenue).
Leatt, Q4 2024: revenue $11.2M (+14% year over year), operating margin -9.7%, net loss $446K, operating cash flow −$183K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.2M | -8% | +14% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$446K | — | — |
| Operating cash flow | −$183K | — | — |
What changed
Revenue was $11.2M in Q4 2024, up 14% year over year and down 8% from the previous quarter.
Gross margin was 41.2%, up 4.8 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -9.7%. Operating expenses grew 4% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+22%). The quarter ended with a net loss of $446K, after a profit of $116K the previous quarter.
Operating cash flow was −$183K. Non-cash charges added back $322K of depreciation and amortization and $239K of share-based compensation. Working capital and other items used $298K. Capital expenditures of $368K exceeded it, leaving free cash flow of −$552K.
Questions
What was Leatt's revenue in the fourth quarter 2024?
Leatt (LEAT) reported revenue of $11.2M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and -8% from the quarter before.
Was Leatt profitable in the fourth quarter 2024?
Operating loss was $1.1M (-9.7% of revenue) and net loss $446K.
Source: Leatt 10-K on SEC EDGAR.