CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's direct-to-consumer sales increased significantly in the second quarter, resulting in a 1% year-over-year revenue gain, as the bike and moto protection brand plans to enter a new market category.
Overall revenue for the quarter ending June 30 was $16.39 million, compared with $16.18 million at the same time last year. D2C sales increased 68% during the quarter, reported at $961,835. For the first six months of 2026, overall revenue increased 14% year-over-year to $35.9 million and net income was up 19% to $2.68 million.
In May, Leatt acquired Bike Care Technologies, which will lead to the distribution of bicycle maintenance and cleaning products, including a GRITT-branded line. "It is a Polish entity that will distribute premium bike care products around the world," said CEO Sean Macdonald. "We expect sales to start to filter through to revenues during the third quarter of 2026 when we expect to launch this new exciting venture."
Body armor and helmets led the product category sales in the second quarter, up $462,309 and $443,803 respectively. U.S. revenues were $6.15 million, an 11% increase. International revenue increased 4% to $10.24 million.
Net income decreased 19.5%, from $1.13 million to $908,989, with earnings per share decreasing from $0.18 to $0.15.
"The second quarter of 2026 was another solid quarter for Leatt despite some temporary supply chain timing challenges that have since been resolved," Macdonald said. "Global consumer demand for our innovative products remains strong and have fueled robust sell-through and re-ordering patterns. International and domestic sales continue to show promising trends and encouraging traction at the consumer and dealer levels."
Leatt is traded on the OTCQB markets under the LEAT symbol.
