Leatt Corporation, Inc. (LEAT)

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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.