XPEL Inc
For the period ended Aug 8, 2024. Filed Aug 8, 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.
Aug 8, 2024 · Filed Aug 8, 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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Product revenue | $83,200 | $80,906 | $150,052 | $148,214 |
| Service revenue | 26,717 | 21,331 | 49,969 | 39,864 |
| Total revenue | 109,917 | 102,237 | 200,021 | 188,078 |
| Cost of Sales | ||||
| Cost of product sales | 51,274 | 49,557 | 93,409 | 91,737 |
| Cost of service | 10,778 | 8,686 | 20,871 | 16,388 |
| Total cost of sales | 62,052 | 58,243 | 114,280 | 108,125 |
| Gross Margin | 47,865 | 43,994 | 85,741 | 79,953 |
| Operating Expenses | ||||
| Sales and marketing | 10,280 | 8,147 | 20,671 | 14,824 |
| General and administrative | 18,399 | 15,656 | 36,655 | 30,010 |
| Total operating expenses | 28,679 | 23,803 | 57,326 | 44,834 |
| Operating Income | 19,186 | 20,191 | 28,415 | 35,119 |
| Interest expense | 392 | 338 | 865 | 860 |
| Foreign currency exchange loss | 275 | 32 | 548 | 21 |
| Income before income taxes | 18,519 | 19,821 | 27,002 | 34,238 |
| Income tax expense | 3,486 | 4,080 | 5,303 | 7,064 |
| Net income | $15,033 | $15,741 | $21,699 | $27,174 |
| Earnings per share | ||||
| Basic | $0.54 | $0.57 | $0.79 | $0.98 |
| Diluted | $0.54 | $0.57 | $0.79 | $0.98 |
| Weighted Average Number of Common Shares | ||||
| Basic | 27,635 | 27,619 | 27,633 | 27,617 |
| Diluted | 27,637 | 27,631 | 27,637 | 27,629 |
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