XPEL Inc
For the period ended Feb 22, 2024. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Feb 22, 2024 · Filed Feb 22, 2024
XPEL$38.39-4.2%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands except per share data)
(In thousands except per share data)
| Three Months Ended December 31, · Year Ended December 31, | ||||
|---|---|---|---|---|
| (Unaudited) · (Unaudited) · (Unaudited) | ||||
| 2023 | 2022 | 2023 | 2022 | |
| Revenue | ||||
| Product revenue | $82,067 | $60,421 | $311,406 | $258,174 |
| Service revenue | 23,471 | 18,060 | 84,887 | 65,819 |
| Total revenue | 105,538 | 78,481 | 396,293 | 323,993 |
| Cost of Sales | ||||
| Cost of product sales | 54,395 | 40,259 | 198,008 | 169,905 |
| Cost of service | 10,211 | 7,176 | 35,871 | 26,576 |
| Total cost of sales | 64,606 | 47,435 | 233,879 | 196,481 |
| Gross Margin | 40,932 | 31,046 | 162,414 | 127,512 |
| Operating Expenses | ||||
| Sales and marketing | 9,234 | 6,852 | 31,788 | 25,367 |
| General and administrative | 17,474 | 13,349 | 63,654 | 48,208 |
| Total operating expenses | 26,708 | 20,201 | 95,442 | 73,575 |
| Operating Income | 14,224 | 10,845 | 66,972 | 53,937 |
| Interest expense | 301 | 477 | 1,248 | 1,410 |
| Foreign currency exchange (gain) loss | (726) | (272) | (307) | 562 |
| Income before income taxes | 14,649 | 10,640 | 66,031 | 51,965 |
| Income tax expense | 2,679 | 2,282 | 13,231 | 10,584 |
| Net income | $11,970 | $8,358 | $52,800 | $41,381 |
| Earnings per share | ||||
| Basic | $0.43 | $0.30 | $1.91 | $1.50 |
| Diluted | $0.43 | $0.30 | $1.91 | $1.50 |
| Weighted Average Number of Common Shares | ||||
| Basic | 27,629 | 27,616 | 27,622 | 27,614 |
| Diluted | 27,633 | 27,618 | 27,634 | 27,616 |
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