Revenue Growth
Global revenues of $19.5M for Q1 FY2026, a 27% increase versus $15.4M in Q1 FY2025, driven by increases across major product lines (helmets, body armor, other products, and neck braces).
Strong Consumer Direct and Dealer Traction
Consumer Direct sales increased 49% year-over-year; Dealer Direct sales increased 30% as the reorganized domestic sales force gains traction.
International Sales Momentum
International sales to distribution partners rose 24% year-over-year with broad strength across Europe, Latin America, the U.K., Eastern Europe and Australia; management described international ordering patterns as robust.
Product Category Performance — Helmets
Helmet sales were $5.39M, up 59% year-over-year, representing 28% of revenue; growth was primarily from mountain bike (MTB) and adventure (ADV) helmets (61% increase in those segments).
Product Category Performance — Body Armor and Footwear
Body armor revenues were $8.59M, up 25% year-over-year and representing 44% of revenue; this was primarily driven by a 54% increase in footwear volume (motorcycle boots and mountain biking shoes).
Other Products Growth — Eyewear Surge
Other products, parts & accessories were $4.848M, up 9% year-over-year and representing 24% of revenue; eyewear (sunglasses and goggles) sales increased 152%.
Profitability and Cash Generation
Net income was $1.77M (up 58% YoY) or $0.28 basic / $0.27 diluted; income before tax was $2.39M (increase of $880K). Cash, cash equivalents and restricted cash increased by $3.96M (30%) to $17.2M and operating cash flow was $4.55M; current ratio was 8.2:1.
Gross Margin Resilience
Gross profit margin remained stable at 44% year-over-year despite increased investments in marketing, product and brand development and expanded domestic sales efforts.
Capital Allocation Commitment
Board-authorized share repurchase program continues with up to $750K available, signaling confidence in the business and commitment to shareholder value.
Marketing and Brand Investments
Management highlighted increased investment in athletes, content and media, and a new sponsorship (Nukeproof) expected to drive disruptive content and consumer engagement, positioning the brand for broader consumer reach.