The Leikr GPS watch is a training device that monitors performance, guides users through their workouts, and allows them to analyze and share their achievements on an online sports community. The watch has a 2" color display, Wi-Fi connectivity, and supports the integration of new sensors. It also allows users to create their own workouts and training programs, and provides features such as heart rate monitoring and speed sensors for cycling. The company aims to redefine real-time sport metrics and is designed to be customizable for different market segments.