XPEL Announces Q2 2013 Results
XPEL ANNOUNCES Q2 2013 RESULTS
SAN ANTONIO, TEXAS, August 28, 2013…XPEL Technologies Corp. (TSXV: DAP.U) today announced results for the three months ended June 30, 2013 as compared to the three months ended June 30, 2012.
For the Quarter Ended June 30, 2013:
Revenues. Revenues increased 100% to $4,898,729 from $2,454,769 in Q2 2012.
Direct Costs. Direct Costs of sales increased as a percentage of revenue to 69% from 64% in Q2 2012.
Expenses. General and administrative expenses increased 37% to $908,193 in Q2 2013 from $663,196 in Q2 2012.
Net earnings. The Company had net income before taxes of $585,273 in Q2 2013 as compared to net income before taxes of $218,759 in Q2 2012. The Company had net income of $384,273 in Q2 2013 as compared to net income of $218,759 in Q2 2012.
Complete financials are available at http://www.xpel.com/relations/.
About XPEL Technologies Corp:
XPEL is the leading supplier of automotive paint and headlamp protection films with over 70,000 vehicle-specific applications and a worldwide network of trained installers. Additional information can be found on the Company’s website at www.xpel.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Executive Officer
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)