LEATT CORP

▫️Revenues -46%
▫️operating income -75%
▫️Net income -75%
▫️operating cashflow of USD +5.3 million vs -0.6 million 
▫️Cash +60%
▫️Consumer direct sales on [Leatt.com](Leatt.com) +10%
▫️ challenging quarter in the context of distributor and dealer adjustments to ordering patterns

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Yikes! That revenue number... Now here is a piece of corporate speak if I've ever heard one it:

_Although the results of the first quarter of 2023 were particularly challenging in the context of distributor and dealer adjustments to ordering patterns as the industry continues to digest areas of elevated stocking levels due to post-Covid supply chain dynamics, we believe that the onset of the delayed spring season will mean strong consumer participation in outdoor activities as we look towards the second half of 2023._

What do they mean by "onset of the delayed spring season?"

Joshua Simka

Protective Neck Braces, Body Armour & Sports Gear

Leatt

$LEAT Q1 '23 results

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