XPEL Inc
For the period ended May 2, 2024. Filed May 2, 2024.
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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.
May 2, 2024 · Filed May 2, 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 EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | ||
| Product revenue | $66,852 | $67,308 |
| Service revenue | 23,252 | 18,534 |
| Total revenue | 90,104 | 85,842 |
| Cost of Sales | ||
| Cost of product sales | 42,135 | 42,180 |
| Cost of service | 10,093 | 7,702 |
| Total cost of sales | 52,228 | 49,882 |
| Gross Margin | 37,876 | 35,960 |
| Operating Expenses | ||
| Sales and marketing | 10,391 | 6,675 |
| General and administrative | 18,256 | 14,354 |
| Total operating expenses | 28,647 | 21,029 |
| Operating Income | 9,229 | 14,931 |
| Interest expense | 473 | 523 |
| Foreign currency exchange loss (gain) | 272 | (9) |
| Income before income taxes | 8,484 | 14,417 |
| Income tax expense | 1,818 | 2,984 |
| Net income | $6,666 | $11,433 |
| Earnings per share | ||
| Basic | $0.24 | $0.41 |
| Diluted | $0.24 | $0.41 |
| Weighted Average Number of Common Shares | ||
| Basic | 27,630 | 27,616 |
| Diluted | 27,637 | 27,626 |
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