RoyalShmily
14年前
I'll start with some of my favorite quotes from the presentation...
"There are 5,000 motorcycle and apparel dealers in the USA and 1,800
of them now stock Leatt products."
"Leatt has a 74% market share and our sales volume has increased year on year."
"All international patents were issued in the last quarter of 2011 and we are serious about the protection of our patents from infringement."
"In its short time in the chest protector market, Leatt already has 2.9% market share which is more than many established players."
"The Company has no long-term debt"
And, last, but not least...
"Our long-term goal is to list our common stock on a U.S. trading market such as NASDAQ or the NYSE and prior to such listing, we will adopt the corporate governance requirements of such trading market"
Also, the numbers are solid and consistent...all in all, a very solid presentation!
hedge_fun
14年前
Leatt-Brace GPX Pro Named a 2011 Product of the Year By Transworld Motocross Magazine
CAPE TOWN, South Africa, Dec. 8, 2011 /PRNewswire/ -- Leatt Corporation (OTC: LEAT.PK), a global marketer and distributor of the Leatt-Brace®, a neck brace system designed to help prevent potentially devastating injuries to the cervical spine (neck) for helmeted sports, today announced that its Leatt-Brace GPX Pro neck brace has been named one of the 2011 Products of the Year by Transworld Motocross magazine.
Transworld Motocross notes that "the Leatt-Brace GPX Pro was designed to be the most ventilated and most comfortable brace on the market and features a carbon fiber chassis, new padding and weighs only 600 grams, the lightest neck brace available." It was first introduced at the Anaheim I Supercross by riders Broc Tickle and Ryan Dungey.
"Being selected as a 'Product of the Year' by Transworld Motocross magazine is the equivalent of being recognized by your peers and we are extremely honored," said Leatt CEO Sean Macdonald. "We created the GPX Pro to be the pinnacle of all neck braces, fit for professional and amateur riders alike. Riders who wear this brace can compete with the confidence that they are protected by the best technology available."
Other attributes of the GPX Pro include:
Removable, washable, new open-celled lightweight Velcro-free padding
Collarbone cutout engineered to keep helmet and brace away from most fragile bones
Unique one piece rear support designed to break away in severe impact scenarios
Greatest range of motion of any Leatt-Brace
Alternative Load Path Technology™
More information on the LEATT products can be found at www.leatt.com.
http://ih.advfn.com/p.php?pid=nmona&article=50354728&symbol=LEAT
hedge_fun
15年前
About Leatt Corporation
Leatt Corporation develops, distributes and markets personal protective equipment and ancillary products for all forms of sports, especially extreme motor sports. The Leatt-Brace® is an award-winning neck brace system considered the gold standard for neck protection for anyone wearing a crash helmet as a form of protection. It was designed for participants in extreme sports or riding motorcycles, bicycles, mountain bicycles, all-terrain vehicles, snowmobiles and other vehicles.
For more information, visit: www.leatt-corp.com | www.leatt-brace.com
hedge_fun
15年前
Nine Month Period. Revenues for the nine months ended September 30, 2011 were $11.5 million, an increase of 17% compared to revenues of $9.8 million for the nine months ended September 30, 2010. Cost of revenues and gross profit for the nine months ended September 30, 2011, were $4.5 million and $7.0 million or 61% of sales respectively. For the same period in 2010, cost of revenues and gross profit were $3.8 million and $6.0 million or 61% of sales respectively. The increase in revenues is primarily the effect of increased worldwide selling activities as a result of new product releases, focused marketing campaigns and improved supply chain throughput.
hedge_fun
15年前
For the three months ended September 30, 2011 gross revenues were $3.6 million, compared to $4.0 million for the same period in 2010. The decrease is primarily a result of a change in the Company's customer order and fulfillment cycle. Cost of revenues and gross profit for Q3 FY2011 were $1.5 million and $2.1 million, or 58% of sales, respectively. For the same period in 2010, cost of revenues and gross profit were $1.6 million and $2.45 million, or 61% of sales, respectively.
motoman
15年前
My guess is that there has to be some people out there who have bought alot of shares early on that know Dr. Leatt personally. It's been awhile and they aren't seeing a return. He's making millions, and they're starting to get mad. There has been some big trades of 100,000 or more over the last few years. If that's an individual or group, they could put his feet to the fire. No business owner with integrity lets his business lose a couple hundred grand while paying himself what he does, plus collect his commission on the sales to boot. If I owned 100,000 shares or more of this company I'd be looking for a way to boot the guy. Pay him his commission. Other than that, tell him to stay home.
motoman
15年前
Nexpert,
You're exactly right in regards to Leatt. I own about 25,000 shares, and I wish I owned zero. It'll never go anywhere because Leatt Corporation isn't worth anything, and doesn't own anything. Dr. Leatt is making a pile, and he doesn't really care if the stock moves. The only option we have is if someone who owned 500,000 shares or more starts a shareholder lawsuit for lack of fiduciary duty. Basically it's a dead horse, don't buy any of this junk stock.
nexpert
15年前
OK, so if the patents are the only thing it does not own then what does it own that would make potential investors contemplate putting their money in?
Owning the right to distribute something is one thing but then having to fit the bill for all the expenses such as R+D etc is another. At the end of the day who would buy into a distribution company under those conditions?
"So when they do sell enough" is quite an interesting statement as if $18M in annual sales was not good enough to turn a profit you would think.
Also any "best interests" should be the shareholders and not anybody else, a share is a share, majority or minority!
These are all things that future investors look at and they dont buy in cause it is a good idea but because it is a good business decision.
Do the search for who owns the trademarks, patents, websites etc, you might be surprised, it is not just the patents, it is a 10min search.
pungushe
15年前
As far as I understand, the only thing that Leatt Corp doesn't own are the Leatt Neck Brace patents, which are owned by Xceed Holdings.
Leatt Corp. are allowed to use the patents to design, manufacture and sell braces all around the world and does this through its wholly-owned subsidiaries, Two Eleven, Three Eleven and Leatt New Zealand Limited.
So they don't own the patents, (Dr Leatt does, I think, which entitles him to royalties from brace sales). This doesn't mean that they are a bad company to buy shares in. When they do sell enough braces to make a profit, that profit is Leatt Corps (and hence the shareholders).
Since Dr Leatt holds the majority of shares in Leatt Corp., I'd imagine that it's in his best interests to make the company worth something and not just live off the royalites. However, he's made a lot of money already from the royalties, so maybe he's happy with that. Who knows?
nexpert
15年前
Reasons for No Share Sales.
If you read all the documents the company has provided over the years, you will notice Leatt Corp is a distribution company ONLY. It bares the cost for all R+D, Legal etc aswell. All the other companies are not part of what your shares buy into and these hold value.
Do a search on the trademark owners for Leatt, Leatt Brace, Alternative Load Path Technology etc
Do the same search for the patents and design registrations etc
The conclusion will be the same as why nobody will buy shares, as they have done this background search themselves. What are you actually buying shares in and why buy shares in a distribution company?
Leatt Corp is a distribution company ONLY and is only worth the sales they make and this is offset by all the running costs. Therefor it does not have to turn a profit and so it has not passed anything on to the shareholders.
If anybody has other insight feel free to share it!
pungushe
15年前
I'm hoping the results show a profit for the year as well, but as you say, it probably won't change anything. No one is interested in the stock and the company seems to like it that way.
It will be interesting to see what comments they have about the future. I'm not predicting much info though, they usually copy and paste some rubbish from previous Q presentations.
So frustrating that a company like this, with the exposure and products they have, is sitting at 3 cents. No trading. No one cares.
All we can do is wait and hope that sometime in the next 10 years, they actually start caring about their shareholders, and not just about getting paid out royalties.
RoyalShmily
15年前
Here, on Facebook (anyone heard of it) -
http://www.facebook.com/pages/Leatt-Brace/138011489450
Leatt has almost 14,000 "likes" on FB - and many of them swear they are still walking from wearing this amazing device.
Man, every time I think about this stock, I just get more pissed.
at this point, I have no idea why there is zero interest in this stock, and I wish someone could/would explain it to me.
I can't wait til earnings come out, and we blow away last year's numbers - all profit, and the stock will....
not trade.
Again.
RoyalShmily
16年前
I agree with all of this.
I have said this all along that this company is in a rare position where they do not have to care about their stock price - so they almost seem to separate themselves from the stock.
I am sure it all goes back to the SEC nonsense, and they are gunshy about saying anything.
The Leatt Brand is strong, though - really strong.
I keep reading how people Got "their Leatt" when they are talking about any neck brace - like if you order a soda at a restaurant you say "I'll have a coke", and no matter what they have, they bring you a soda.
And the new Leatts are really high quality.
Some good news is it is still a replacement item - they break and wear out after alot of use, but when they break (and save a neck), they make the riders feel like they are excited to replace them, and maybe even upgrade.
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