XPEL Clocks 44% Revenue Growth In Q4

• XPEL Inc (NYSE:XPEL) reported fourth-quarter FY21 sales growth of 44.3% year-on-year, to $70.13 million, beating the consensus of $69.21 million.
• Product revenue rose 34.9% Y/Y, and Services revenue increased 104.2%.
• The gross margin for the quarter expanded 240 basis points to 35.2%.
• The operating margin was 12.2%, and operating income for the quarter rose 16.3% to $8.53 million.
• EBITDA grew 23.7% to $10 million, with a margin of 14.2%, versus 16.6% last year.
• EPS of $0.22 missed the consensus of $0.30.
• The company held $9.6 million in cash and equivalents as of December 31, 2021.
• Price Action: XPEL shares traded higher by 0.15% at $70.54 on the last check Monday.