secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001767258-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPEL Q1 net income down 42%; revenue +5% to $90.1M; cuts FY revenue growth view to 8-10%
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- EPS fell to $0.24 ($0.29 adjusting for $1.6M dealer conference costs) vs $0.41 in Q1 2023.
- Revenue grew 5% to $90.1M; US revenue up 1.9% to $52M; China revenue plunged 78% to $1.5M.
- EBITDA declined 31.5% to $11.7M (13.0% margin); operating income down 38% to $9.2M.
- FY 2024 revenue growth guidance revised down to 8-10% from prior 15%, citing US aftermarket slowdown.
- Net cash used in operations was $5.0M vs $0.7M provided a year ago; inventory remains elevated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725824000025/0001767258-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725824000025/xpel-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001767258-24-000025

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