XPELXPEL, Inc.

$1B

Q2 2022 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$84M+22.0% YoY

Gross Profit

$33M39.3% margin

Operating Income

$16M18.8% margin

Net Income

$12M14.2% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+16.7%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$229,000

Stock-Based Comp.

$109,000

Balance Sheet

Total Assets

$189M

Total Liabilities

$86M

Stockholders' Equity

$103M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$84M	$69M	+22.0%
Gross Profit	$33M	$25M	+30.6%
Operating Income	$16M	$13M	+24.3%
Net Income	$12M	$10M	+16.8%

Revenue Segments

Product

$67M40%

Product Revenue, Paint Protection Film

$48M29%

Service

$17M10%

Product Revenue, Window Film

$16M9%

Service Revenue, Installation Labor

$11M7%

Service Revenue, Cutbank Credits

$4M2%

Product Revenue, Other

$3M2%

Service Revenue, Software

$1M1%

Service Revenue, Training

$306,0000%

Service Revenue, Other

$71,0000%

Geographic Segments

UNITED STATES

$49M59%

CANADA

$11M13%

CHINA

$8M9%

Europe

$7M8%

Middle East, Africa

$3M3%

UNITED KINGDOM

$3M3%

Asia Pacific

$2M2%

Latin America

$1M2%

Other Geographic Region

$414,0000%