XPEL Posts 22.3% Revenue Increase in Financial Report

March 31st, 2021 by Emmariah Holcomb

XPEL Inc. (XPEL) posted a 22.3% revenue increase for the year 2020 when compared to the same period in 2019, according to its financial report. 2020 fourth quarter revenues increased 23.1% to $48.6 million compared to fourth quarter 2019. Net income grew 31.8% to $6.1 million, according to the financial report.

“We closed out a strong year by delivering record fourth quarter results – our second consecutive quarter reaching record levels,” said Ryan Pape, CEO and president. “The XPEL brand continues to grow around the world, and as we move through 2021 we’re focused on continuing the momentum achieved in the back half of 2020.”

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