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Stock Review: $LEAT
KEY TAKEAWAY:
- They recently released a great FY 2021 report. Record growth.
- I’m now watching this one closely. If the market was in a better condition, I’d buy this stock.
STOCK SUMMARY:
- Their 2021 revenue, net income, and EPS all beat 2020. (They’ve been growing Y/Y since 2017)
- CEO gave great guidance for 2022.
REVENUE:
2017: $20.1M
2018: $24.4M
2019: $28.3M
2020: $38.6M
2021: $72.5M
NET INCOME:
2017: $237.3K
2018: $1.2M
2019: $1.4M
2020: $4.4M
2021: $12.6M
EARNINGS PER SHARE (EPS):
2017: 0.04
2018: 0.22
2019: 0.26
2020: 0.82
2021: 2.29
MARKET CAP:
$129.4M. Small cap. Lots of room for rapid stock price (and overall company) growth.
GUIDANCE:
From CEO: “2021 was an absolutely exceptional year for Leatt, led by strong financial performance and global brand development in the context of surging demand for our innovative award-winning products. We closed out the year with a strong fourth quarter, the strongest quarter in our history in terms of revenue. Revenues for the fourth quarter of 2021 increased to $23.2 million, up 82%, compared to $12.7 million for the fourth quarter of 2020. We have now achieved record-breaking revenues for six consecutive quarters.
Our goals are to continue to refine our product categories to deliver exceptional products to a wider community of riders and to gain market share through product innovation and brand engagement. Many of our categories that have launched well are still in their infancy and show great potential to contribute to exponential growth.
We still have a lot of work to do to remain at the forefront of product innovation and invest in building a global consumer brand in a competitive environment, but we are enthused by our team’s resilience and our ability to gain market share, which we expect will continue in 2022 and beyond.”
COMPANY INFO:
Leatt Corp. is the global distributor of the Leatt-Brace®, a revolutionary neck protection system for all helmeted sports. The main area of focus is the prevention of neck injuries in persons wearing a crash helmet, for whatever purpose.
ONE LARGE EXTERNAL FACTOR?
No. I could not locate any external factor that alone heavily affects their earnings.
STOCK PRICE UPTREND:
Price has increased from $1.58 to $22.50 since April 2020.
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