XPELXPEL, Inc.

$1B

Q4 2023 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$106M+34.5% YoY

Gross Profit

$41M38.8% margin

Operating Income

$14M13.5% margin

Net Income

$12M11.3% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$3M

Stock-Based Comp.

$496,000

Balance Sheet

Total Assets

$252M

Total Liabilities

$72M

Stockholders' Equity

$180M

Cash & Equivalents

$12M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$106M	$78M	+34.5%
Gross Profit	$41M	$31M	+31.8%
Operating Income	$14M	$11M	+31.2%
Net Income	$12M	$8M	+43.2%

Revenue Segments

Product

$82M39%

Product Revenue, Paint Protection Film

$65M31%

Service

$23M11%

Service Revenue, Installation Labor

$17M8%

Product Revenue, Window Film

$14M7%

Service Revenue, Cutbank Credits

$4M2%

Product Revenue, Other

$3M2%

Service Revenue, Software

$2M1%

Service Revenue, Training

$2M1%

Geographic Segments

UNITED STATES

$56M53%

CHINA

$17M16%

CANADA

$12M11%

Europe

$9M8%

Middle East, Africa

$5M5%

UNITED KINGDOM

$3M3%

Asia Pacific

$3M3%

Latin America

$2M2%

Other Geographic Region

$174,0000%