XPEL Profit Down Slightly, Revenue Up 66 Percent in 2014

April 1st, 2015 by Editor

The numbers don’t lie: XPEL sells.

In its 2014 financial report, the company’s revenue went from $17.9 million in 2014 to $29.6 million in 2014—an increase of 66 percent. Gross profit as a percentage of sales, however, declined slightly to 31.2 percent from 32.1 percent in 2013.

“We made great progress in 2014 growing our sales, expanding our base of independent installers and dealerships and broadening our international footprint,” says Ryan Pape, president and CEO. “We look forward to introducing new products while also continuing to deliver the training and support that differentiates XPEL from our competitors.”

Tags: , , , ,

Leave Comment