Xpel Announces 2013 Second Quarter Results

September 4th, 2013 | Category: Industry News

Xpel Technologies Corp., based in San Antonio, Texas, announced financial results for the three months ended June 30, 2013, as compared to the three months ended June 30, 2012. The company shows an increase in revenue over the year.

For the quarter ended June 30, 2013, Xpel saw revenues increase 100 percent to $4,898,729 from $2,454,769 in 2012. Direct costs of sales increased as a percentage of revenue to 69 percent from 64 percent in 2012.

Additionally, the company’s general and administrative expenses increased 37 percent to $908,193 in the second quarter of 2013 from $663,196 in the second quarter of 2012.

The company had net income before taxes of $585,273 in the second quarter of 2013 as compared to net income before taxes of $218,759 in the second quarter of 2012. Xpel had net income of $384,273 in the second quarter of 2013 as compared to net income of $218,759 in the second quarter of 2012.

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