SAN ANTONIO, April 15, 2013 /CNW/ - XPEL Technologies Corp.
(TSXV: DAP.U) today announced results for the year ended
December 31, 2012.
For the Fiscal Year Ended December 31,
2012:
Revenues. Revenues increased 77% to $10,670,838 from $6,041,853 in 2011.
Direct Costs. Direct Costs of sales increased as a
percentage of revenue to 66% from 58% in 2011.
Expenses. General and administrative expenses increased
35% to $2,560,836 from $1,902,484 in 2011.
Net Income. The Company had net income before taxes of
$1,077,207 as compared to net income
before taxes of $608,949 in 2011. The
Company had net income of $1,162,207
as compared to net income of $815,887
in 2011.
Complete financials are available at
http://www.xpel.com/relations/ or on SEDAR.
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.