Leatt Corporation, Inc. (LEAT)

[hedge_fun]

Nine Month Period. Revenues for the nine months ended September 30, 2011 were $11.5 million, an increase of 17% compared to revenues of $9.8 million for the nine months ended September 30, 2010. Cost of revenues and gross profit for the nine months ended September 30, 2011, were $4.5 million and $7.0 million or 61% of sales respectively. For the same period in 2010, cost of revenues and gross profit were $3.8 million and $6.0 million or 61% of sales respectively. The increase in revenues is primarily the effect of increased worldwide selling activities as a result of new product releases, focused marketing campaigns and improved supply chain throughput.