XPELXPEL, Inc.

$1B

Q3 2022 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$90M+31.0% YoY

Gross Profit

$36M39.8% margin

Operating Income

$17M19.3% margin

Net Income

$13M14.8% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+7.0%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$10M

Stock-Based Comp.

$138,000

Balance Sheet

Total Assets

$188M

Total Liabilities

$73M

Stockholders' Equity

$115M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$90M	$69M	+31.0%
Gross Profit	$36M	$24M	+46.3%
Operating Income	$17M	$10M	+66.9%
Net Income	$13M	$8M	+59.9%

Revenue Segments

Product

$73M41%

Product Revenue, Paint Protection Film

$54M30%

Service

$17M10%

Product Revenue, Window Film

$15M9%

Service Revenue, Installation Labor

$11M6%

Service Revenue, Cutbank Credits

$4M2%

Product Revenue, Other

$3M2%

Service Revenue, Software

$1M1%

Geographic Segments

UNITED STATES

$52M57%

CANADA

$11M12%

CHINA

$11M12%

Europe

$6M7%

Middle East, Africa

$3M4%

Asia Pacific

$3M3%

UNITED KINGDOM

$2M3%

Latin America

$1M2%

Other Geographic Region

$304,0000%