XPELXPEL, Inc.

$1B

Q4 2024 Earnings

Consumer Cyclical Auto - Parts

Income Statement

Revenue

$108M+1.9% YoY

Gross Profit

$44M40.6% margin

Operating Income

$12M11.5% margin

Net Income

$9M8.3% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

-4.7%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$5M

Stock-Based Comp.

$868,000

Balance Sheet

Total Assets

$286M

Total Liabilities

$60M

Stockholders' Equity

$225M

Cash & Equivalents

$22M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$108M	$106M	+1.9%
Gross Profit	$44M	$41M	+6.8%
Operating Income	$12M	$14M	-13.2%
Net Income	$9M	$12M	-25.7%

Revenue Segments

Product

$82M38%

Product Revenue, Paint Protection Film

$60M28%

Service

$26M12%

Service Revenue, Installation Labor

$19M9%

Product Revenue, Window Film

$18M9%

Service Revenue, Cutbank Credits

$4M2%

Product Revenue, Other

$4M2%

Service Revenue, Software

$2M1%

Service Revenue, Training

$475,0000%

Geographic Segments

UNITED STATES

$59M55%

CANADA

$13M12%

CHINA

$9M9%

Europe

$9M8%

Middle East, Africa

$6M5%

Asia Pacific

$5M4%

UNITED KINGDOM

$4M4%

Latin America

$3M3%