Olivier Colombo - Consultant & Corporate Advisor
My Blog

Live show, guest Martin Zietsman on South African MTB Product reviewed Renthal Carbon bars/Apex stem

Live show, guest Martin Zietsman on South African MTB Product reviewed Renthal Carbon bars/Apex stem

Leatt Corp Financial Results for the Second Quarter and First Half 2017

Leatt Corp Financial Results for the Second Quarter and First Half 2017:

CAPE TOWN, South Africa, Aug. 11, 2017 /PRNewswire/ -- Leatt Corporation (LEAT) today announced its financial results for the second quarter and six months ended June 30, 2017.  Leatt Corporation develops and markets protective equipment and ancillary products for many forms of sports, especially extreme high-velocity sports.  All financial numbers are in U.S. dollars.

For the three months ended June 30, 2017, revenues were $3.5 million, with a net loss of $221,063, or $0.04 per share, as compared to revenues of $3.7 million, with a net loss of $11,456, or $0.00 per share, for the 2016 second quarter. For the six months ended June 30, 2017, revenues were $9.3 million, with net income of $50,897, or $0.01 per share, as compared to revenues of $8.5 million, with net income of $101,524, or $0.02 per share, for the 2016 first half.

"The second quarter is traditionally a challenging quarter for Leatt as our customers receive their primary stocking orders in Q1 and Q3, respectively, in line with industry seasonality.  Furthermore, although U.S. sales continued to grow during the period, 2017 second quarter international sales were also depressed by higher recorded revenues during the 2017 first quarter, as our international customers replenished their inventory to meet increased market demand resulting from easing currency fluctuations.

"However, we received orders during the 2017 second quarter that we expect to ship during the second half of the year," said CEO Sean Macdonald. "So, our outlook for the third quarter and the remaining year continues to be very positive."

Mr. Macdonald went on to say that, on a year-to-date basis, revenues increased by 9% and the Company continues to see increases in neck brace, body armor and apparel revenues with helmet revenues continuing to gain some traction. He added, "The Pro version of our C Frame Knee Brace continues to gain global market acceptance, especially among amateur athletes, with refinements in both fit and function that we believe makes it the most advanced brace of its kind.

"Our helmet line continues to garner enthusiastic reviews both in the United States and abroad.   Although we will ship our 3.0 Enduro bicycle helmet with a fully removable chin bar in the third quarter of 2017 in order to refine the offering, sales of both the 3.0 All Mountain helmet and the refined ECE version of our 5.5 Composite helmet for off road moto use were encouraging. Helmet sales were lower year-on-year, as prior year numbers made a comparison difficult with the continued shipment of initial stocking orders of our helmet line in the second quarter of 2016."

Macdonald continued, "We expect to ship the 2018 product line to customers globally during the second half of 2017.  Our new line includes multiple new and refined Bike and Off-road Motorcycle products that continue to enable riders at all levels to push themselves further with the confidence provided by exceptional innovative protective gear. We look forward to presenting the new Bike range at the upcoming Eurobike exhibition in Germany from August 30– September 2.

"I would also like to congratulate our rider, Marvin Musquin, who had six podium finishes with two second place and three overall wins in the Lucas Oil Pro Motocross Championships. We are very proud of him, and we are thrilled that he represents the Leatt brand."

Founder and Chairman, Dr. Christopher Leatt, added, "We are very pleased with the progress of our widening product offering and the great industry reviews and positive feedback we receive from our customers. We continue to fine tune all our product offerings and expect increased growth during the second half of the year with the introduction of our new 2018 product line."

Leatt continued to meet its working capital needs from cash on hand and internally generated cash flow from operations.  At June 30, 2017, the Company had cash and cash equivalents of $1.4 million, a current ratio of 3.4:1, and there was no long-term debt.

Business Outlook
"Our customers in the United States and abroad continue to support the Leatt strategic goal of expanding our pipeline of extraordinary precision engineered protective gear, as evidenced by exceptional feedback and encouraging ordering patterns," Mr. Macdonald said. "As we move forward to the second half of the year and beyond, our revenues may continue to fluctuate as we develop new product categories and fine tune our sales timelines.  However, we are very enthusiastic about the reception that our new 2018 products have received at Motorcycle and Bike conferences during the first half of the year.

"We continue to invest in talented sales, product development and marketing staff around the world as well as the production and implementation of marketing campaigns designed to globally promote our growing product categories and brand awareness. We are very encouraged about our prospects for the third quarter of 2017 and beyond.

"Conference Call:The Company will host a conference call at 10:00 am ET on Friday, August 11, 2017, to discuss the 2017 second quarter results.Participants should dial in to the call ten minutes before the scheduled time, using the following numbers: 1-888-348-8777 (U.S.A) or +1-412-902-4245 (international) to access the call.

Audio Webcast:There will also be a simultaneous live webcast through the Company's website, www.leatt-corp.com. Participants should register on the website approximately ten minutes prior to the start of the webcast.

Replay:An audio replay of the conference call will be available for seven days and can be accessed by dialing 1-844-512-2921 (U.S.A) or +1-412-317-6671 (international) and using passcode 10111387.For those unable to attend the call, a recording of the live webcast, will be archived shortly following the event for 30 days on the Company's website.

Fun in the mountains at Mammoth with Leatt amateur family.

Fun in the mountains at Mammoth with Leatt amateur family:

Leatt Testimonial - Garrett Marchbanks

Leatt Testimonial - Garrett Marchbanks: gets real about why he uses Leatt products,

Singletracks Review: Leatt DBX 3.0 All-Mountain Helmet

Singletracks Review: Leatt DBX 3.0 All-Mountain Helmet:

I first came across Leatt’s new DBX 3.0 helmet at Interbike last year, and I was immediately drawn to the Ninja Turtle-esque matte green and orange colorway. Leatt offers two versions of the DBX 3.0 helmet: one is the Enduro version which features a removable chin bar; the other is the All-Mountain version, tested here. Apart from the lack of a chin bar on the All-Mountain, the helmets are essentially the same. Leatt set me up with a helmet at Sea Otter this spring, and I’ve been riding in it since.  


  • Deep shell
  • Extended rear coverage
  • Adjustable fit
  • Lots of vents
  • Rotational impact protection

Leatt uses their own rotational impact system, which they call Turbine 360° Technology. It differs substantially from MIPS, which is probably the most common system used in the market today. Inside the helmet there are 10 small blue dials, aka Turbines. The Turbines are made from Armourgel, which remains soft and pliable until impact – then it hardens. Leatt uses Armourgel in other helmets as well as some of their body armor. Leatt claims the Turbine 360° Technology reduces rotational acceleration in addition to absorbing energy during impact.

Other nice features include: the thick, comfortable, and washable padding; a dial-adjustable fit; a breakaway visor; and the Fidlock magnetic buckle. I’ve tested a couple other helmets with magnetic buckles, and while it may seem like a gimmick, I appreciate how easy it is to operate one handed, while riding. Just get one end close-ish to the other and the magnet takes care of the rest.

I tested a large DBX 3.0 All-Mountain helmet, which weighed in at 416g (actual). Pricing is $170 for the All-Mountain or $240 for the Enduro model, which includes a removable chin bar. Leatt offers the DBX in blue, orange, grey, and black colorways, in addition to the green tested here.

On the Trail
Regular readers will know that I’m constantly on the lookout for the perfect-fitting helmet for my head. The Smith Forefront I tested last year laid waste to all helmets I tried before, at least in terms of comfort. However, the Forefront’s unique Koroyd construction made it warmer than other helmets and made mounting lights or cameras difficult. There was another promising contender this spring, the Sweet Protection Bushwhacker II. The Bushwhacker ticked the comfort box along with a more traditional construction that offered plenty of mounting options. Unfortunately, once temperatures edged past 80°F, the Bushwhacker felt even warmer than the Forefront.

Enter the Leatt DBX 3.0. My first ride in the helmet was a pub crawl during Sea Otter in breezy Monterey. I was impressed with the comfort and fit, but we were riding cruisers along the Monterey Bay, not smashing out miles of trail in the heat. Needless to say, I was looking forward to trying it out at home.

Back on home soil, the DBX continued to impress me. The thick padding and Turbines provided ample space between my head and the rigid foam on the interior of the helmet. Tightening down the helmet for rowdy descents was as easy as turning the dial at the back. The height of the dial is adjustable to one of three positions as well. I preferred it in the lowest position, which situated the dial at the base of my occipital bone. With the chin strap tight, and the dial screwed in, the DBX 3.0 felt rock-solid on my head.

Speaking just to comfort, Leatt’s helmet is right there with the Sweet Protection and the Smith. Where it edges both of them out is in breathability. With 18 well-placed vents, my head stayed relatively cool, even during sweltering 90° rides. I think much of the credit for this goes to the two large vents at the brow of the DBX – something the Bushwhacker 

Finish Line
Leatt has a real winner with the DBX 3.0 All-Mountain helmet. It looks good, breathes well, and fits great. Really the only fault I can find with the helmet is that the visor is a tad too long for my tastes, but that’s easily remedied by rotating it upward. The features we now expect from a top-notch trail helmet are all included, along with some clever additions, like the Turbine 360° Technology and Fidlock buckle. If you haven’t surmised it yet, I have a new favorite helmet.

Thanks to Leatt for providing the helmet for review. 

Leatt Family takes on Mammoth Motocross 2017

Leatt Family takes on Mammoth Motocross 2017:

Leatt DBX 6.5 Carbon - Der Leichtbau Neck Brace im Test

 Leatt DBX 6.5 Carbon - Der Leichtbau Neck Brace im Test:

Der allgemeine Trend zum Neck Brace ist stark rückläufig, meist wird das Argument der eingeschränkten Bewegung angeführt, gefolgt von „in all den Jahren ist mir auch nichts passiert“. Uns von Cycleholix verschafft eine gute Sicherheitsausstattung, zu der ein Neck Brace einfach gehört, ein gutes Gefühl, was uns deutlich freier fahren lässt. Vor einigen Wochen haben wir euch in unserem Erstkontakt den Leatt DBX 6.5 Carbon vorgestellt, Zeit ein Fazit zu ziehen.

Macht auch zusammengefaltet eine gute Figur

Genau wie sein günstiges Pendant lässt sich der DBX 6.5 Carbon werkzeuglos einstellen. Über Klemmverschlüsse können sowohl die Brust-, als auch die Rückenauflage vor und zurück gestellt werden. Ziel ist es, dass die Schulterflügel mittig auf der Schulter sitzen. Weiter muss der Abstand zum Helm sich in einem Bereich von 50 –  130 mm vorne und 50 – 170 mm hinten befinden.

Spätestens jetzt ist ein Assistent zum Messen der Werte von Vorteil. Sollte der Leatt zu hoch oder zu tief sitzen, können beide Auflagen weiter auseinander oder wieder zusammengeschoben werden. Damit ändert sich die Höhe und die Flügel können auf der Schulter aufliegen.

Zu guter Letzt muss der passende Winkel des Rückenteils gefunden werden, was über verschiedene Gummikeile (0°, 5° und 10°) schnell und einfach erledigt ist.

Auf der Strecke
 ist und bleibt beim DBX Programm. In der Kombination mit einem Troy Lee D3 Carbon Helm hatten wir stets ausreichend seitliche Bewegungsfreiheit um z.B. ohne Einschränkung in Kurven zu schauen. In steilen Abfahrten bzw. im tiefen Stand bei entsprechender Gangart konnten wir den Kopf weit genug nach hinten legen um nach vorne zu schauen, ohne durch den Neck Brace limitiert zu sein. Gleiches gilt für Sprünge, bei denen wir beim Anpeilen der Landung nicht vom DBX eingeschränkt wurden.

Der DBX sitzt außerordentlich bequem und liegt großflächig auf. Das Haltesystem stört kein bisschen und hält den DBX an Ort und Stelle, ohne dabei einzuschneiden. Dank dem ultra geringen Gewicht von nachgewogenen 690 Gramm ist er fast gar nicht zu spüren, was ihn in Verbindung mit der großen Bewegungsfreiheit nahezu vergessen lässt.

Mit 690 Gramm ein Leichtgewicht

Etwas gewöhnungsbedürftig ist der einseitige Verschluss. Anfangs hatten wir das Phänomen einer Scheinverriegelung, da der Verschluss beim einfädeln einmal leise geklickt hat, jedoch noch nicht korrekt geschlossen war. Was da genau geklickt hat haben wir nicht herausgefunden, der Verschluss musste einmal nachgedrückt werden, was das erwartete laute Klicken nach sich zog. Nach einem Tag der Benutzung hatten wir keine Probleme mehr und haben den Verschluss sofort intuitiv richtig verriegeln können.

Auf den Klick kommt es an. Nach einer kurzen Eingewöhnungszeit einfach zu bedienen.

Die Polster sind nicht wie früher aus Stoff, sondern aus weichem Plastik. Der große Vorteil ist hierbei, dass der Leatt DBX so gemeinsam mit dem Bike mit dem Wasserschlauch gesäubert werden kann und nicht wie früher, die Polster umständlich demontiert und in die Waschmaschine gelegt werden mussten. Ein deutlicher Komfortgewinn.

Kunststoff anstelle von Stoffpolster erleichtern die Reinigung

Zum Glück blieben wir während der Testdauer von schweren Stürzen verschont, sodass wir weiterhin darauf vertrauen, dass uns der DBX bestens schützt, wenn es dann tatsächlich soweit ist. Die einzige Kritik, die sich der DBX 6.5 Carbon gefallen lassen muss, ist der Preis. Die unverbindliche Preisempfehlung von 549,- € ist einfach ein Wort.

Leichtbau kostet halt nicht nur am Bike, sondern auch bei der Schutzausrüstung entsprechend und hier liegt der große Vorteil des DBX 6.5. Die Carbon Variante ist im Vergleich zu ähnlichen Produkten, teils aus dem eigenen Haus, leichter und fällt während der Fahrt kaum bis gar nicht auf. Der Tragekomfort liegt auf höchstem Niveau, so dass wir auch nach einem ganzen Tag im Bikepark den Kringel um den Hals nicht leid wurden.

Stack3D: MusclePharm Natural Series launches with 2 of its 5 supplements

Stack3D: MusclePharm Natural Series launches with 2 of its 5 supplements:

After a lot of information releases here and there, then eventually detailed looks at each of the supplements, MusclePharm’s Natural Series has finally started rolling out. The entire line is not yet available, but there a couple of items you can purchase to get a taste of the series.
Bodybuilding.com appears to be one of the first places with any of the MusclePharm Natural products. It has two of the line’s five supplements in stock and available with Pre-Workout and Organic Superfood, leaving out the Organic Protein Bar and Protein Powder, and Grass-Fed Whey.

For a limited time you can also save on both of the new MusclePharm Natural Series products, with a 20% off sale Bodybuilding.com is currently running. It drops Pre-Workout down from $40 to a slightly nicer $32 for 30 servings, and Organic Superfood down from $42 to $33.60 also for 30 servings.

On Track Off-Road Magazine July 4th: 10 years of grafting the GPX: How the Leatt Brace has evolved through the words of an MXGP Grand Prix winner

On Track Off-Road Magazine July 4th: 10 years of grafting the GPX: How the Leatt Brace has evolved through the words of an MXGP Grand Prix winner:

Leatt’s GPX neck brace was already a bold piece of technology upon its launch in 2007 and used a rigid structure and Alternative Load Path concept to introduce a new form of protection to off-road motorcycling that has spread into bicycle competition and other sports. 

The GPX was born with a desire to provide some benefits in motorcycle sports and immediately captured curiosity, attention, scepticism and general interest. Athletes and regular off-road riders embraced the ambition behind the brace and the millions of dollars of investment, research and hours put into the product by Dr Chris Leatt and his team in Cape Town. 

One of the racers ‘sold’ on the idea of the GPX serving a role of reducing impact forces to the neck was Shaun Simpson, then an upcoming MX2 rider and two seasons away from finishing fourth in the world and gaining his first GP podium silverware. The Scot used the brace from the first version on the market right up until present day and has since become a Leatt athlete, also admonishing the South African’s commendable efforts with body armour and chest protection. Simpson used an Alpinestars neck brace from 2011- 2013 so has sampled a different approach to the same principal but has largely seen the GPX morph into the slim, foldable, carbon-based form that distinguishes the 2017 build. 

Apart from MX2 World Champion and AMA 250SX No.1 Marvin Musquin the former British Champion is best-placed to offer some insight as to how Leatt have evolved their wares and refined the GPX for the demands of motocrossers at the highest level.

“The thing with Leatt is that they actually came out with a really good product right from the beginning,” the 29 year old said. “In 2007 the first brace I had was plastic, so it wasn’t the lightest version, but I wouldn’t say it was drastically different with my current carbon brace: maybe 3-400 grams? My carbon model has a few bits of plastic and padding now for practicality and fitting and it is as light as it’s ever been.” 

“Back in 2007 not many people had the brace and there were lots of people asking: ‘Is it worth it? Will it work? Will it bother me?’ It came with a lot of hype and was something new that people had to try. I started wearing one and instantly felt like I ‘connected’ with it. I fitted it properly – which is something that I think a lot of people struggle with because it does need to go correctly with your body armour and the components that rest on your back and chest actually have to be in place – and felt like it was doing a job. I see that some guys have it on top of their body armour and it sits too high. If it isn’t worn properly then that is when it can feel cumbersome.” 

Weight loss was a natural progression with new materials and composites. The carbon GPX 6.5 now balances at 600g (1.3lbs) but there was another significant shift with the back strut moving from a single form to a split fork. “I think the move for two was based on people reacting to the singular piece laying on the spine; despite the fact that Leatt had made test after test to show that the strut broke after a certain amount and load of pressure. There are aspects of the brace that are made to break when you crash: they have a threshold and that is how it has been designed. Also the strut piece now has a hinge whereas the old one had a bolt that you had to take out to pack it, so it is much easier.” 

“The general shape has changed a bit over time,” he adds. “There are little ‘wings’ on the back of the GPX now and I believe that is to do with the contact area with the helmet. The front pads that rest near the sternum are much more flexible these days. Overall the brace is much more minimal and with rounded edges. Could it be minimised even more? I don’t know but looking at the shape you can appreciate the engineering involved to fit the body and do a job. I used to cut pieces away that I felt were unnecessary and shave down the chest rests by three-four millimetres in the old days so it sat a bit lower. Adam Sterry and some of the other lads wear an L or XL but I prefer a S/M for the tighter fit and the compactness and the connection with the helmet.” 

Alterations in the shape have been minor but noticeable. “There is potentially more airflow, and the cut-outs on the sides are even more pronounced for the haters that say the brace is responsible for collarbone breakages: you can actually see a physical gap between the brace and the bone now.” The GPX now has a simplified locking system with the long-used buckle joint replaced by a low profile catch that requires simply meeting both ends of the brace together. “It used to be a buckle that you could fold back and also put your straps onto,” Simpson says. “There are still hooks for the straps if a rider wants to wear them and a good thing about any Leatt body protection is that they come with straps so you can fix the brace right into place. In previous years I never used to strap the brace, but now I do just because that system with the body armour works really well.” 

The locking mechanism however is one of the very few aspects of which the conscientious Brit holds a few reservations. “If I had to be honest then the catch system is an area that could be worked on. It is really easy and simple at the moment but you have this feeling that you need to give it a couple of firm pulls to make sure it is really connected and that a small piece of dirt might to prevent a secure fix. The old system felt very secure to me because it was more ‘mechanical’; when it clicked in you felt ‘right, we’re ready to go’.” 

Crucially Leatt’s neck protection has made two major strides in terms of practicality. Many riders wanted the benefits and assurance of the GPX or an equivalent model but fitting and also looking after the unit was an added chore. As a long-term user Simpson is well aware of the progress made in these aspects. “It is much easier to set-up the brace yourself. With the first models there was a lot of messing around with bolts and little shims and carbon inserts. Now you can just slide pieces back and forwards for the optimum fit. I can adjust any new brace purely for me in just fifteen seconds, before it might have taken fifteen minutes with a bag of bits and tools!” 

For a professional racer on the bike as much as #24, being able to deal with the brace as easily as other parts of his kit was another advantage. Together with better storage potential – the back section of the brace folds up, instead of the whole brace needing to be dismantled into pieces as before – then there is even less reason not to install the GPX into the equipment bag. 

“The main thing for me through time and the different editions – aside from comfort, fit and weight – is the level of maintenance,” Shaun concludes. “It now takes hardly any looking-after: you just jet-wash it, leave it to dry and it’s good to go again. In the early days there used to be white padding and sticker kits and it all looked very nice but you had to dismantle it and put the soft parts in the washing machine. There was a lot of Velcro and bits and pieces involved and it probably took as long to prep the brace as it did your helmet with all the foam and inserts. Now you can powerhose your boots in the wash bay and do the brace at the same time and it just becomes part of your programme. You can collapse it down now and I keep mine inside a helmet bag when I take it to the track.” 

Strangely neck protection is still a divisive topic at the top tier of racing with those very much in favour of the ‘percentages’ and others who remain dubious. Plenty of scientific data and testimonies adhere to the positive role it can play and the ten-year period of discovery and progression with creations like the GPX illustrate how design thinking and problem-solving can march on.

Video: Jonny Walker takes on Erzbergrodeo 2017

Video: Jonny Walker takes on Erzbergrodeo 2017: