XPELXPEL, Inc.

$1B

Q2 2024 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$110M+7.5% YoY

Gross Profit

$48M43.5% margin

Operating Income

$19M17.5% margin

Net Income

$15M13.7% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

+22.0%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$25M

Stock-Based Comp.

$837,000

Balance Sheet

Total Assets

$262M

Total Liabilities

$60M

Stockholders' Equity

$202M

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$110M	$102M	+7.5%
Gross Profit	$48M	$44M	+8.8%
Operating Income	$19M	$20M	-5.0%
Net Income	$15M	$16M	-4.5%

Revenue Segments

Product

$83M38%

Product Revenue, Paint Protection Film

$57M26%

Service

$27M12%

Product Revenue, Window Film

$22M10%

Service Revenue, Installation Labor

$19M9%

Service Revenue, Cutbank Credits

$5M2%

Product Revenue, Other

$4M2%

Service Revenue, Software

$2M1%

Service Revenue, Training

$486,0000%

Geographic Segments

UNITED STATES

$65M59%

CANADA

$13M12%

Europe

$11M10%

Middle East, Africa

$5M4%

CHINA

$4M4%

Asia Pacific

$4M4%

UNITED KINGDOM

$4M3%

Latin America

$3M3%