secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001767258-22-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPEL reports record Q1 revenue of $71.9M, up 38.6% YoY; net income grows 14%
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- Revenue of $71.9M (record) vs $51.9M in Q1 2021, up 38.6%.
- Gross margin improved to 38.6% from 35.3%, a new company high.
- Net income $7.8M ($0.28 per share) vs $6.8M ($0.25) in prior year.
- EBITDA grew 29.6% to $11.9M; adjusting for dealer conference, EBITDA would have been $12.7M.
- CEO cites strong retail demand despite new car inventory constraints and China COVID lockdowns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725822000028/0001767258-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725822000028/xpel-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001767258-22-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer