XPELXPEL, Inc.

$1B

Q2 2023 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$102M+21.9% YoY

Gross Profit

$44M43.0% margin

Operating Income

$20M19.7% margin

Net Income

$16M15.4% margin

EPS (Diluted)

$0.57

QoQ Revenue Growth

+19.1%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$25M

Stock-Based Comp.

$354,000

Balance Sheet

Total Assets

$217M

Total Liabilities

$63M

Stockholders' Equity

$153M

Cash & Equivalents

$14M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$102M	$84M	+21.9%
Gross Profit	$44M	$33M	+33.4%
Operating Income	$20M	$16M	+28.2%
Net Income	$16M	$12M	+32.3%

Revenue Segments

Product

$81M40%

Product Revenue, Paint Protection Film

$56M28%

Service

$21M10%

Product Revenue, Window Film

$20M10%

Service Revenue, Installation Labor

$15M7%

Service Revenue, Cutbank Credits

$5M2%

Product Revenue, Other

$4M2%

Service Revenue, Software

$2M1%

Service Revenue, Other

$556,0000%

Geographic Segments

UNITED STATES

$59M58%

CANADA

$12M12%

Europe

$10M9%

CHINA

$8M8%

Middle East, Africa

$4M4%

UNITED KINGDOM

$4M4%

Asia Pacific

$3M3%

Latin America

$2M2%

Other Geographic Region

$273,0000%