XPELXPEL, Inc.

$1B

Q1 2022 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$72M+38.6% YoY

Gross Profit

$28M38.6% margin

Operating Income

$10M14.0% margin

Net Income

$8M10.9% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

+2.5%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$7M

Stock-Based Comp.

$70,000

Balance Sheet

Total Assets

$188M

Total Liabilities

$96M

Stockholders' Equity

$92M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$72M	$52M	+38.6%
Gross Profit	$28M	$18M	+51.6%
Operating Income	$10M	$9M	+17.4%
Net Income	$8M	$7M	+14.0%

Revenue Segments

Product

$58M40%

Product Revenue, Paint Protection Film

$44M31%

Service

$14M10%

Product Revenue, Window Film

$12M8%

Service Revenue, Installation Labor

$9M6%

Service Revenue, Cutbank Credits

$3M2%

Product Revenue, Other

$3M2%

Service Revenue, Software

$1M1%

Service Revenue, Training

$349,7780%

Service Revenue, Other

$24,2830%

Geographic Segments

UNITED STATES

$42M58%

CHINA

$9M12%

CANADA

$8M11%

Europe

$6M8%

UNITED KINGDOM

$2M3%

Middle East, Africa

$2M3%

Asia Pacific

$2M3%

Latin America

$1M2%

Other Geographic Region

$189,3280%