XPELXPEL, Inc.

$1B

Q1 2023 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$86M+19.5% YoY

Gross Profit

$36M41.9% margin

Operating Income

$15M17.4% margin

Net Income

$11M13.3% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

+9.4%

Cash Flow

Operating Cash Flow

$695,000

Free Cash Flow

-$2M

Stock-Based Comp.

$303,000

Balance Sheet

Total Assets

$208M

Total Liabilities

$71M

Stockholders' Equity

$137M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$86M	$72M	+19.5%
Gross Profit	$36M	$28M	+29.7%
Operating Income	$15M	$10M	+48.8%
Net Income	$11M	$8M	+46.5%

Revenue Segments

Product

$67M39%

Product Revenue, Paint Protection Film

$50M29%

Service

$19M11%

Product Revenue, Window Film

$15M9%

Service Revenue, Installation Labor

$12M7%

Service Revenue, Cutbank Credits

$4M2%

Product Revenue, Other

$3M2%

Service Revenue, Software

$1M1%

Service Revenue, Training

$647,0000%

Geographic Segments

UNITED STATES

$51M60%

CANADA

$9M10%

Europe

$8M9%

CHINA

$7M8%

Middle East, Africa

$3M4%

UNITED KINGDOM

$3M4%

Asia Pacific

$3M3%

Latin America

$2M3%

Other Geographic Region

$161,0000%