Leatt revenue up 20 percent in first quarter

By Stephen Frothingham

CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corp. said its revenue increased 20 percent in the first quarter, to $4.8 million, up from $4 million in the same period last year.

Net income increased 109 percent to $113,000 in the quarter as the brand began delivering its new DBX 6.0 Carbon and DBX 5.0 Composite helmets for downhill and BMX.

“We had an excellent 2016 first quarter, highlighted by solid financial results …read more

Via:: Bicycle Retailer and Industry News