XPEL Announces Q2 2012 Results
26 August 2012 - 5:18PM
PR Newswire (Canada)
SAN ANTONIO, Texas, Aug. 29, 2012 /CNW/ - XPEL Technologies Corp.
today announced results for the three months ended June 30, 2012 as
compared to the three months ended June 30, 2011. For the Quarter
Ended June 30, 2012: Revenues. Revenues increased 66% to $2,454,769
from $1,477,388 in Q2 2011. Direct Costs. Direct Costs of sales
increased as a percentage of revenue to 64% from 55% in Q2 2011.
Expenses. General and administrative expenses increased 44% to
$663,196 in Q1 2012 from $461,564 in Q2 2011. Net earnings. The
Company had net income of $218,759 in Q2 2012 as compared to net
income of $206,693 in Q2 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.
Company Contact: Ryan PapeChief Executive OfficerXPEL Technologies
Corp.210-678-3700 XPEL Technologies Corp. CONTACT:
http://www.xpel.com
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