SAN ANTONIO, May 28, 2013 /CNW/ - XPEL Technologies Corp.
(TSXV: DAP.U) today announced results for the three months ended
March 31, 2013 as compared to the
three months ended March 31,
2012.
For the Quarter Ended March 31,
2013:
Revenues. Revenues increased 58% to $3,156,582 from $1,993,597 in Q1 2012.
Direct Costs. Direct Costs of sales increased as a
percentage of revenue to 66% from 61% in Q1 2012.
Expenses. General and administrative expenses increased
23% to $656,734 in Q1 2012 from
$534,833 in Q1 2012.
Net earnings. The Company had net income before taxes of
$400,323 in Q1 2013 as compared to
net income before taxes of $242,831
in Q1 2012. The Company had net income of $262,323 in Q1 2013 as compared to net income of
$242,831 in Q1 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.
Company Contact:
Ryan Pape
Chief Executive Officer
XPEL Technologies Corp.
210-678-3700
SOURCE XPEL Technologies Corp.