secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001767258-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPEL Q1 revenue +19.5% to $85.8M, gross margin record 41.9%, net income +46.5%
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- Revenue of $85.8M, up 19.5% YoY; gross margin improved to 41.9% (new company high).
- Net income rose 46.5% to $11.4M ($0.41 per share) from $7.8M ($0.28) in Q1 2022.
- EBITDA grew 43.9% to $17.1M, representing 19.9% of revenue vs. 16.5% a year ago.
- Operating expenses were 24.5% of sales, roughly flat vs. 24.6% in prior-year period.
- No specific forward guidance provided; CEO cited 'good momentum' for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725823000040/0001767258-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725823000040/xpel-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001767258-23-000040

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