XPEL Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
XPEL$38.01-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| (Unaudited) | (Audited) | |
|---|---|---|
| September 30, 2024 | December 31, 2023 | |
| Assets | ||
| Current | ||
| Cash and cash equivalents | $20,986 | $11,609 |
| Accounts receivable, net | 29,583 | 24,111 |
| Inventory, net | 101,592 | 106,509 |
| Prepaid expenses and other current assets | 6,296 | 3,529 |
| Income tax receivable | 264 | 696 |
| Total current assets | 158,721 | 146,454 |
| Property and equipment, net | 17,851 | 16,980 |
| Right-of-use lease assets | 18,380 | 15,459 |
| Intangible assets, net | 33,601 | 34,905 |
| Other non-current assets | 1,141 | 782 |
| Goodwill | 43,347 | 37,461 |
| Total assets | $273,041 | $252,041 |
| Liabilities | ||
| Current | ||
| Current portion of notes payable | $66 | $62 |
| Current portion lease liabilities | 4,820 | 3,966 |
| Accounts payable and accrued liabilities | 31,634 | 32,444 |
| Total current liabilities | 36,520 | 36,472 |
| Deferred tax liability, net | 1,252 | 2,658 |
| Other long-term liabilities | 1,077 | 890 |
| Borrowings on line of credit | — | 19,000 |
| Non-current portion of lease liabilities | 15,205 | 12,715 |
| Non-current portion of notes payable | 260 | 317 |
| Total liabilities | 54,314 | 72,052 |
| Commitments and Contingencies (Note 11) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value; authorized 10,000,000; none issued and outstanding | — | — |
| Common stock, $0.001 par value; 100,000,000 shares authorized; 27,647,223 and 27,630,025 issued and outstanding, respectively | 28 | 28 |
| Additional paid-in-capital | 14,700 | 12,546 |
| Accumulated other comprehensive loss | (1,216) | (1,209) |
| Retained earnings | 205,215 | 168,624 |
| Total stockholders’ equity | 218,727 | 179,989 |
| Total liabilities and stockholders’ equity | $273,041 | $252,041 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.