Leatt Corp. are allowed to use the patents to design, manufacture and sell braces all around the world and does this through its wholly-owned subsidiaries, Two Eleven, Three Eleven and Leatt New Zealand Limited.
So they don't own the patents, (Dr Leatt does, I think, which entitles him to royalties from brace sales). This doesn't mean that they are a bad company to buy shares in. When they do sell enough braces to make a profit, that profit is Leatt Corps (and hence the shareholders).
Since Dr Leatt holds the majority of shares in Leatt Corp., I'd imagine that it's in his best interests to make the company worth something and not just live off the royalites. However, he's made a lot of money already from the royalties, so maybe he's happy with that. Who knows?
Recent LEAT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/06/2023 01:16:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 01:03:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 12:16:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/10/2023 12:02:36 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/03/2023 10:06:51 AM
FEATURED Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • Apr 17, 2024 8:00 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM
Branded Legacy, Inc. Reports Significant Net Income of Over $3.8 Million • BLEG • Apr 16, 2024 8:30 AM