Earnings Call Summary | LEATT CORPORATION(LEAT.US) Q1 2024 Earnings Conference
Earnings Call Summary | LEATT CORPORATION(LEAT.US) Q1 2024 Earnings Conference
The following is a summary of the Leatt Corporation (LEAT) Q1 2024 Earnings Call Transcript:
以下是利特公司(LEAT)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Leatt Corporation reported a decline in Q1 2024 revenues of 19% to $10.61 million due to regulatory adjustments in dealer orders.
There was a growth of 15% and 9% in consumer and dealer direct sales respectively.
Gross margins experienced a slump due to short-term promotional activities, particularly in the US.
An increase in cash by $2.18 million to $13.53 million was seen, largely due to operational cash flows.
Q1 2024 saw a net loss of $817,000 or $0.13 per basic and diluted share, down by 180% against Q1 2023.
The company also incurred a loss from operations amounting to $791,000, a 157% decrease from Q1 2023.
利特公司報告稱,由於監管部門對經銷商訂單的調整,2024年第一季度收入下降了19%,至1,061萬美元。
消費者和經銷商直銷分別增長了15%和9%。
由於短期促銷活動,毛利率下滑,尤其是在美國。
現金增加了218萬美元,達到1,353萬美元,這主要是由於運營現金流。
2024年第一季度淨虧損81.7萬美元,合每股基本虧損和攤薄後虧損0.13美元,與2023年第一季度相比下降了180%。
該公司還蒙受了79.1萬美元的運營虧損,比2023年第一季度下降了157%。
Business Progress:
業務進展:
Despite industry challenges, Leatt noticed growth prospects due to active participation and a favourable inventory scenario.
The launch of the Adventure product line saw promising initial shipments.
There was a 21% rise in the sales for body armour products against Q1 2023.
Growth has been continued in their domestic direct-to-consumer platform with initial orders from their South African store surpassing expectations.
A decrease in inventory levels by $3.3 million or 16% reflects sound inventory management.
New distributor partnerships were established in the UK, Europe, and emerging markets promising potential future revenue.
The company has been successful in creating a robust salesforce in the US, focusing on improving the company's dealer level presence and dealer base expansion.
Hiring of product developers and a brand manager for Eastern Europe signifies focused efforts on product development and market expansion.
儘管面臨行業挑戰,但由於積極參與和有利的庫存情況,Leatt注意到增長前景。
Adventure產品系列的推出帶來了良好的初始出貨量。
與2023年第一季度相比,防彈衣產品的銷售額增長了21%。
他們的國內直接面向消費者的平台持續增長,其南非門店的初始訂單超出了預期。
庫存水平減少了330萬美元,下降了16%,這反映了良好的庫存管理。
在英國、歐洲和新興市場建立了新的分銷商合作伙伴關係,有望獲得潛在的未來收入。
該公司成功地在美國建立了強大的銷售隊伍,專注於提高公司的經銷商水平和擴大經銷商基礎。
在東歐僱用產品開發人員和品牌經理意味着將精力集中在產品開發和市場擴張上。
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譯文內容由第三人軟體翻譯。