Leatt Corporation (PNK:LEAT) Q4 2022 Earnings Call Transcript

Unidentified Analyst: Great. That’s definitely good to hear. And so lastly, there’s been reports of some large players in the bike industry making some pretty significant cost reductions in recent months. Whether that be layoffs in sales and marketing or cuts in rider and event sponsorships or even renegotiating terms with suppliers and dealers. All of these actions would seem to prioritize near-term cash flows at the potential long-term expense of industry relationships and growth. And so I guess my question is, given your long-term focus and the inherent financial health of the business, are you seeing opportunities here to maybe take advantage of this current environment and make increased strategic investments to elevate the brand long term?

Sean MacDonald: The short answer is absolutely yes. I think Leatt is in quite a resilient position at the moment in order to see some of the opportunities that we’re seeing in the market. There’s — Leatt is a business that is built on people. It’s really important to us to have the right people, and there’s definitely some interesting resources that are becoming available. And not only that, but as we’ve done many times in the past when we’ve been through some difficult times, I mean we always we go back to the drawing board. We carry on pushing. We carry on developing. There’s no hand break in the office here. We are pushing harder than ever because we know that this dynamic is going to change. We know that we’ve got a really strong brand. We know that we’ve got great products, we’ve got great people and that when this all plays out, we’re going to be in a stronger position than when we went into this.

Operator: There are no additional questions. I’ll turn the floor to management for any closing remarks.

Sean MacDonald: Thank you all for joining us today. We look forward to our next call to review the results of the 2023 first quarter.

Operator: Thank you. This does conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.