XPEL | XPEL, Inc. Annual & Quarterly Income Statements

Annual Income Statements

(In USD)

Breakdown	2023	2022	2021	2020	2019	2018
Revenue	396.29 Million	323.99 Million	259.26 Million	158.92 Million	129.93 Million	109.92 Million
Cost of Revenue	233.87 Million	196.48 Million	166.58 Million	104.89 Million	86.42 Million	76.48 Million
Gross Profit	162.41 Million	127.51 Million	92.67 Million	54.02 Million	43.5 Million	33.43 Million
Operating Expenses	95.44 Million	73.57 Million	52.56 Million	30.65 Million	26.41 Million	21.6 Million
Selling, General and Administrative Expenses	95.44 Million	73.57 Million	52.56 Million	30.65 Million	26.41 Million	21.6 Million
Research and Development Expenses	2.9 Million	400 Thousand	370.01 Thousand	143.56 Thousand	602.44 Thousand	223.88 Thousand
Other Expenses	-	-	-	-	-	-
Cost and Expenses	329.32 Million	270.05 Million	219.14 Million	135.55 Million	112.84 Million	98.08 Million
Operating Income	66.97 Million	53.93 Million	40.11 Million	23.36 Million	17.08 Million	11.83 Million
Interest Expense	1.24 Million	1.41 Million	302.67 Thousand	249.48 Thousand	96.64 Thousand	168.38 Thousand
Income Tax Expense	13.23 Million	10.58 Million	7.87 Million	4.52 Million	2.95 Million	2.76 Million
Earnings before Tax	66.03 Million	51.96 Million	39.43 Million	22.8 Million	16.95 Million	11.48 Million
Net Income	52.8 Million	41.38 Million	31.56 Million	18.28 Million	13.97 Million	8.71 Million
Earnings Per Share Basic	1.91	1.50	1.14	0.66	0.51	0.32
Earnings Per Share Diluted	1.91	1.50	1.14	0.66	0.51	0.32
Weighted Average Shares Outstanding	27.62 Million	27.61 Million	27.61 Million	27.61 Million	27.61 Million	27.61 Million
Weighted Average Shares Outstanding (Diluted)	27.63 Million	27.61 Million	27.61 Million	27.61 Million	27.61 Million	27.61 Million
Gross Margin	0.41	0.39	0.36	0.34	0.33	0.30
EBIT Margin	0.19	0.17	0.15	0.15	0.13	0.12
Profit Margin	0.13	0.13	0.12	0.12	0.11	0.08
EBITDA	76.87 Million	61.77 Million	40.11 Million	23.36 Million	18.78 Million	13.21 Million
Earnings Before Tax Margin	0.17	0.17	0.15	0.15	0.13	0.11

Breakdown	2024 Q2	2024 Q1	2023 FY	2023 Q4	2023 Q3	2023 Q2
Revenue	109.91 Million	90.1 Million	396.29 Million	105.53 Million	102.67 Million	102.23 Million
Cost of Revenue	62.05 Million	52.22 Million	233.87 Million	64.6 Million	61.14 Million	58.24 Million
Gross Profit	47.86 Million	37.87 Million	162.41 Million	40.93 Million	41.52 Million	43.99 Million
Operating Expenses	28.67 Million	28.64 Million	95.44 Million	26.7 Million	23.9 Million	23.8 Million
Selling, General and Administrative Expenses	28.67 Million	28.64 Million	-	26.7 Million	23.9 Million	23.8 Million
Research and Development Expenses	-	-	-	2.9 Million	-	-
Other Expenses	-	-	-	-	-	-
Cost and Expenses	90.73 Million	80.87 Million	329.32 Million	91.31 Million	85.04 Million	82.04 Million
Operating Income	19.18 Million	9.22 Million	66.97 Million	14.22 Million	17.62 Million	20.19 Million
Interest Expense	392 Thousand	473 Thousand	1.24 Million	301 Thousand	85 Thousand	338 Thousand
Income Tax Expense	3.48 Million	1.81 Million	13.23 Million	2.67 Million	3.49 Million	4.08 Million
Earnings before Tax	18.51 Million	8.48 Million	66.03 Million	14.64 Million	17.14 Million	19.82 Million
Net Income	15.03 Million	6.66 Million	52.8 Million	11.97 Million	13.65 Million	15.74 Million
Earnings Per Share Basic	0.54	0.24	-	0.43	0.49	0.57
Earnings Per Share Diluted	0.54	0.24	-	0.43	0.49	0.57
Weighted Average Shares Outstanding	27.63 Million	27.63 Million	27.62 Million	27.62 Million	27.62 Million	27.61 Million
Weighted Average Shares Outstanding (Diluted)	27.63 Million	27.63 Million	27.63 Million	27.63 Million	27.64 Million	27.63 Million
Gross Margin	0.44	0.42	0.41	0.39	0.40	0.43
EBIT Margin	0.20	0.13	-	0.13	0.20	0.20
Profit Margin	0.14	0.07	0.13	0.11	0.13	0.15
EBITDA	22.08 Million	11.97 Million	-	14.22 Million	20.11 Million	20.19 Million
Earnings Before Tax Margin	0.17	0.10	0.17	0.13	0.17	0.20

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