XPEL’s Revenue Up 72 Percent Year-Over-Year in Third Quarter

December 3rd, 2014 by Editor

XPEL Technologies Corp., supplier of automotive paint and headlamp protection films, announced positive results for the third quarter of fiscal year 2014, ended September 30, 2014.

For the third quarter of 2014, company revenue was $8.4 million, a 72 percent increase as compared to revenue of $4.9 million in the same prior year quarter and a slight sequential increase compared to revenue of $8.3 million in the second quarter of 2014.

Ryan Pape, president and CEO of XPEL, says the results are a sign of company growth.

“We were pleased to deliver strong revenue growth as a result of growing market demand for the XPEL solution and the expansion of our installer base, both domestically and internationally,” he says.

According to a statement, gross profit as a percentage of revenue decreased slightly to 31 percent from the previous year but increased from Q2.

Pape says the company continues to expand, especially internationally.

“Our ability to consistently expand our base of independent installers and dealerships resulted in significant revenue growth in the quarter. International sales account for 37 percent of our overall revenues as compared to 33 percent in the same period last year and we are excited about the added international traction that is being generated with our new U.K. facility,” he says.

Tags: , , ,

One comment
Leave a comment »

  1. Well done you guys, you deserve to suceed as you have the best ”paint protection” product on the market, in our opinion.
    We have install most of the products on the market and from our experience your product comes up tops
    Keep up the good work

Leave Comment