XPELXPEL, Inc.

$1B

Q3 2024 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$113M+9.9% YoY

Gross Profit

$48M42.5% margin

Operating Income

$18M16.3% margin

Net Income

$15M13.2% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$19M

Stock-Based Comp.

$862,000

Balance Sheet

Total Assets

$273M

Total Liabilities

$54M

Stockholders' Equity

$219M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$113M	$103M	+9.9%
Gross Profit	$48M	$42M	+15.4%
Operating Income	$18M	$18M	+4.3%
Net Income	$15M	$14M	+9.1%

Revenue Segments

Product

$87M39%

Product Revenue, Paint Protection Film

$61M27%

Service

$26M11%

Product Revenue, Window Film

$23M10%

Service Revenue, Installation Labor

$19M8%

Service Revenue, Cutbank Credits

$5M2%

Product Revenue, Other

$4M2%

Service Revenue, Software

$2M1%

Service Revenue, Training

$436,0000%

Geographic Segments

UNITED STATES

$65M57%

CANADA

$14M13%

CHINA

$9M8%

Europe

$9M8%

Middle East, Africa

$5M5%

Asia Pacific

$4M4%

UNITED KINGDOM

$4M3%

Latin America

$3M3%