XPELXPEL, Inc.

$1B

Q3 2023 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$103M+14.4% YoY

Gross Profit

$42M40.4% margin

Operating Income

$18M17.2% margin

Net Income

$14M13.3% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$9M

Stock-Based Comp.

$487,000

Balance Sheet

Total Assets

$227M

Total Liabilities

$60M

Stockholders' Equity

$167M

Cash & Equivalents

$10M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$103M	$90M	+14.4%
Gross Profit	$42M	$36M	+16.1%
Operating Income	$18M	$17M	+1.9%
Net Income	$14M	$13M	+2.5%

Revenue Segments

Product

$81M40%

Product Revenue, Paint Protection Film

$59M29%

Service

$22M10%

Product Revenue, Window Film

$19M9%

Service Revenue, Installation Labor

$15M7%

Service Revenue, Cutbank Credits

$5M2%

Product Revenue, Other

$3M2%

Service Revenue, Software

$2M1%

Service Revenue, Other

$524,0000%

Geographic Segments

UNITED STATES

$59M57%

CANADA

$11M11%

CHINA

$10M10%

Europe

$9M8%

Middle East, Africa

$4M4%

UNITED KINGDOM

$3M3%

Asia Pacific

$3M3%

Latin America

$2M2%

Other Geographic Region

$291,0000%