XPEL reported record revenue of $70.1 million for the fourth quarter of 2021, a 44.3% increase compared to the fourth quarter of 2020. Net income was $6.2 million, or $0.22 per basic and diluted share. The company closed and integrated seven acquisitions that will set us up for success in 2022 particularly as new car inventory rebuilds through the year.
Revenue increased 44.3% to $70.1 million compared to Q4 2020.
Organic revenue growth was 27.0%.
EBITDA grew 23.7% to $10.0 million, or 14.2% of revenue.
Net income was $6.2 million, or $0.22 per basic and diluted share.
XPEL is set up for success in 2022 particularly as new car inventory rebuilds through the year.
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