XPEL Announces Q3 2012 Results
XPEL ANNOUNCES Q3 2012 RESULTS
SAN ANTONIO, TEXAS, November 29, 2012…XPEL Technologies Corp. (TSXV: DAP.U) today announced results for the three months ended September 30, 2012 as compared to the three months ended September 30, 2011.
For the Quarter Ended September 30, 2012:
Revenues. Revenues increased 89% to $3,207,876 from $1,693,140 in Q3 2011.
Direct Costs. Direct Costs of sales increased as a percentage of revenue to 67% from 60% in Q3 2011.
Expenses. General and administrative expenses increased 45% to $717,868 in Q3 2012 from $495,094 in Q3 2011.
Net earnings. The Company had net income of $340,425 in Q3 2012 as compared to net income of $189,234 in Q3 2011.
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)