XPEL reported record revenue of $48.6 million for Q4 2020, a 23.1% increase compared to Q4 2019. Net income also grew by 31.8% to $6.1 million, or $0.22 per share. The company's full-year revenue increased by 22.3% to $158.9 million.
Revenues increased 23.1% to $48.6 million compared to the fourth quarter of 2019.
Net income grew 31.8% to $6.1 million, or $0.22 per basic and diluted share, compared to $4.6 million in the same quarter of 2019.
EBITDA grew 45.3% to $8.1 million, or 16.6% of revenues compared to $5.6 million in the fourth quarter of 2019.
Full-year revenue increased 22.3% to $158.9 million compared to full-year 2019.
The company is focused on continuing the momentum achieved in the back half of 2020 and has filed an automatic shelf registration statement on Form S-3 to provide flexibility in raising capital should the need arise.
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