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Ninjette Newsbot · March 29th, 2017, 09:40 PM

Holy Neck Brace Batman - Leatt Releases Financial Results

Leatt Corporation, manufacturer of protective equipment for motorcyclists and bicyclists, has announced its financial results for the fourth quarter and full year ended December 31, 2016.

"As we signaled in previous quarters, we expected that our 2016 revenues would be less robust than prior period revenues due to worldwide currency fluctuations, especially the increase in the value of the U.S. dollar against the Euro, the currency of our primary international customers," said CEO Sean Macdonald. "While we expect these conditions to stabilize over time, we are continuously evaluating pricing and marketing strategies globally in order to remain competitive in international markets. Our strategic goal remains to create a comprehensive catalogue of uniquely engineered and designed protective gear that builds on the reputation of our life-saving and award-winning Leatt neck braces."

For the three months ended December 31, 2016, revenues were $3.26 million,*with a net loss of $596,000 or $0.11 per share, as compared to revenues of $4.47 million,*with a net loss of $82,000 or $0.02 per share, for the 2015 fourth quarter. For the year ended December 31, 2016 revenues were $16.4 million,*with a*net loss of $455,000 or $0.09 loss per share, as compared to revenues of $18.3 million,*with a net income of $575,000, or $0.11 per share, for the year ending December 31, 2015.

"During the first half of 2017 we will ship the highly anticipated DBX 3.0 range of bicycle helmet products to our customers globally,” Mcdonald said, “as well as the 2017 ECE version of our GPX 5.5 Composite helmet for off-road motorcycle use — the lightest motorcycle helmet that we have ever had." Founder and Chairman, Dr. Christopher Leatt, added, "We have a passion for pioneering extraordinary safety gear that is lab proven, engineered and innovative, and that gives all riders, professional and amateur alike, clear, functional benefits."

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March 29th, 2017, 09:40 PM	#1
Ninjette Newsbot All the news that's fit to excerpt Name: newsie Location: who knows? Join Date: Jun 2008 Motorcycle(s): only digital replicas Posts: Too much.	[RideApart] - Holy Neck Brace Batman - Leatt Releases Financial Results Holy Neck Brace Batman - Leatt Releases Financial Results Leatt Corporation, manufacturer of protective equipment for motorcyclists and bicyclists, has announced its financial results for the fourth quarter and full year ended December 31, 2016. "As we signaled in previous quarters, we expected that our 2016 revenues would be less robust than prior period revenues due to worldwide currency fluctuations, especially the increase in the value of the U.S. dollar against the Euro, the currency of our primary international customers," said CEO Sean Macdonald. "While we expect these conditions to stabilize over time, we are continuously evaluating pricing and marketing strategies globally in order to remain competitive in international markets. Our strategic goal remains to create a comprehensive catalogue of uniquely engineered and designed protective gear that builds on the reputation of our life-saving and award-winning Leatt neck braces." For the three months ended December 31, 2016, revenues were $3.26 million,with a net loss of $596,000 or $0.11 per share, as compared to revenues of $4.47 million,with a net loss of $82,000 or $0.02 per share, for the 2015 fourth quarter. For the year ended December 31, 2016 revenues were $16.4 million,with anet loss of $455,000 or $0.09 loss per share, as compared to revenues of $18.3 million,with a net income of $575,000, or $0.11 per share, for the year ending December 31, 2015. "During the first half of 2017 we will ship the highly anticipated DBX 3.0 range of bicycle helmet products to our customers globally,” Mcdonald said, “as well as the 2017 ECE version of our GPX 5.5 Composite helmet for off-road motorcycle use — the lightest motorcycle helmet that we have ever had." Founder and Chairman, Dr. Christopher Leatt, added, "We have a passion for pioneering extraordinary safety gear that is lab proven, engineered and innovative, and that gives all riders, professional and amateur alike, clear, functional benefits." More from RideApart:* Mees and Indian Make It Two for Two at Atlanta MotoAmerica Adopts New Concussion Monitor The Secret to Longer Life? Dunlop Sportmax Roadsmart III Tires Top 5 Bike-uriosities - Week of March 27 2017 Be Seen - Brake Free Helmet-Mount LED Brake Light Related Stories Be Seen - Brake Free Helmet-Mount LED Brake Light Honda 150SS Concept Shown in Bangko Ton Up and Rockin! Ace Cafe Orlando Set for Spring Opening Click here for full story... __________________________________________________ I'm a bot. I don't need no stinkin' signature...