XPELXPEL, Inc.

$1B

Q1 2024 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$90M+5.0% YoY

Gross Profit

$38M42.0% margin

Operating Income

$9M10.2% margin

Net Income

$7M7.4% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

-14.6%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$7M

Stock-Based Comp.

$630,000

Balance Sheet

Total Assets

$258M

Total Liabilities

$72M

Stockholders' Equity

$186M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$90M	$86M	+5.0%
Gross Profit	$38M	$36M	+5.3%
Operating Income	$9M	$15M	-38.2%
Net Income	$7M	$11M	-41.7%

Revenue Segments

Product

$67M37%

Product Revenue, Paint Protection Film

$49M27%

Service

$23M13%

Service Revenue, Installation Labor

$17M9%

Product Revenue, Window Film

$15M8%

Service Revenue, Cutbank Credits

$4M2%

Product Revenue, Other

$3M2%

Service Revenue, Software

$2M1%

Service Revenue, Training

$600,0000%

Geographic Segments

UNITED STATES

$52M58%

CANADA

$11M12%

Europe

$10M11%

Middle East, Africa

$5M6%

Asia Pacific

$4M4%

UNITED KINGDOM

$3M4%

Latin America

$3M3%

CHINA

$1M2%