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Jun 30, 2021
Xpel Q2 2021 Earnings Report
XPEL's revenue reached a record of $68.7 million, and net income was $10.2 million.
Key Takeaways
XPEL reported a record revenue of $68.7 million in the second quarter of 2021, representing a 92% increase compared to the same quarter of the previous year. Net income also grew significantly, reaching $10.2 million, a 156.3% increase compared to Q2 2020.
Revenues increased 92.0% to $68.7 million compared to second quarter 2020 and increased 32.5% sequentially compared to first quarter 2021
Net income grew 156.3% to $10.2 million, or $0.37 per basic and diluted share, compared to $4.0 million, or $0.14 per basic and diluted share, in the same quarter of 2020
EBITDA grew 139.8% to $13.6 million, or 19.8% of revenues compared to $5.7 million, or 15.8% of sales in second quarter 2020
Gross margin was 36.7% compared to 32.8% in the second quarter of 2020.
Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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