XPEL reported record revenue of $51.9 million, an 82.7% increase compared to Q1 2020. Net income grew by 324.9% to $6.8 million, or $0.25 per share.
Revenues increased 82.7% to $51.9 million compared to the first quarter of 2020.
Net income grew 324.9% to $6.8 million, or $0.25 per basic and diluted share.
EBITDA grew 256.0% to $9.2 million, representing 17.7% of revenues.
The company experienced strong growth across all regions, particularly in China.
This release includes forward-looking statements regarding XPEL, Inc. and its business, which may include, but is not limited to, anticipated use of proceeds from capital transactions, expansion into new markets, and execution of the company's growth strategy.
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