XPELXPEL, Inc.

$1B

Q4 2022 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$78M+11.9% YoY

Gross Profit

$31M39.6% margin

Operating Income

$11M13.8% margin

Net Income

$8M10.6% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

-12.6%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$293,000

Stock-Based Comp.

$205,000

Balance Sheet

Total Assets

$193M

Total Liabilities

$69M

Stockholders' Equity

$125M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$78M	$70M	+11.9%
Gross Profit	$31M	$25M	+25.7%
Operating Income	$11M	$9M	+27.2%
Net Income	$8M	$6M	+34.7%

Revenue Segments

Product

$60M38%

Product Revenue, Paint Protection Film

$46M29%

Service

$18M11%

Product Revenue, Window Film

$12M7%

Service Revenue, Installation Labor

$11M7%

Service Revenue, Cutbank Credits

$5M3%

Product Revenue, Other

$3M2%

Service Revenue, Software

$1M1%

Service Revenue, Training

$805,2221%

Geographic Segments

UNITED STATES

$48M61%

CANADA

$9M12%

CHINA

$6M8%

Europe

$6M8%

UNITED KINGDOM

$3M4%

Asia Pacific

$2M3%

Middle East, Africa

$2M3%

Latin America

$1M2%

Other Geographic Region

$258,6720%