Author Topic: DAP-U.V - Xpel Technologies  (Read 49218 times)

spartansaver

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Re: DAP-U.V - Xpel Technologies
« Reply #140 on: August 29, 2017, 10:51:24 AM »
Q2 will out this month. It should be another record quarter given the impressive results in Q1 and the fact that Q2 is seasonally their strongest quarter. "Salem" made a great post outlining the investment thesis at the moment on another forum:

Quote
While I have a tendency to be more optimistic than alarmist/pessimistic, I'd think that the malaise in the stock price is likely to dissipate as stronger operating results are announced. The thing about Xpel –and any other branding company / distributor– is that operating expenses tend to be highly fixed in nature. Of the ~$9.7MM LTM SG&A, I estimate that ~85% to 90% is fixed in nature. We've also heard Ryan comment that they can grow sales by several $10s of millions with the current infrastructure – and that makes sense given the outsourced manufacturing and 3PL setup they have. The Branding co / distributor model is known to be highly scalable and I believe we are facing imminent margins expansion, which overtime, should overshadow the lawsuit risk.

This has been the thesis for years, but it continues to be just out of reach.  The first question on today's call went right at the lack of operating leverage (actually, operating deleverage despite massive revenue increase) over the past few years.  The answer wasn't particularly compelling.  Moreover, the CFO's breakdown of SG&A suggests that much less than 85-90% is fixed.

While 1 quarter is a poor sample size, net income margins within the U.S. segment were flat YOY. The largest detractor from margins was within the European segment where the business lost 362k in the quarter. Management continued to stress that they are putting the infrastructure in place by investing in SG&A. Management has sung this song for a couple years so hopefully at some point, the actual infrastructure is in place. It is good to see stable margins within the U.S. segment YOY in a relatively clean quarter.



matthewd98

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Re: DAP-U.V - Xpel Technologies
« Reply #141 on: September 27, 2017, 07:44:01 PM »
Good video which explains the investment opportunity today: https://youtu.be/GKsQQ7enuv0

matthewd98

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Re: DAP-U.V - Xpel Technologies
« Reply #142 on: October 06, 2017, 03:18:52 PM »
Looks like XPEL put up a page on their website regarding their new vision film, that is the architectural and security film. http://www.xpel.com/vision/

snowball82

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Re: DAP-U.V - Xpel Technologies
« Reply #143 on: Today at 06:30:41 AM »
XPEL Reports Record First Quarter Revenue Growth of 99.5% to $25.2 Million and EPS of $0.07

SAN ANTONIO--(BUSINESS WIRE)--May 23, 2018--XPEL Technologies Corp. (TSXV: DAP.U), a leading supplier of automotive paint protection and
window films, announced results for the first quarter ended March 31, 2018.

First Quarter Highlights:
 Revenues increased 99.5% to $25.2 million compared to first quarter 2017; Sequential revenue growth of 24.5% compared to fourth quarter of
2018
 Gross margin improved to 29.7% compared to 26.4% in first quarter 2017
 Selling, general and administrative expenses decreased to 19.4% as a percentage of revenue
 Earnings per share of $0.07 compared to a loss of ($0.002) per share in first quarter 2017
Revenues for the quarter grew 99.5% to $25.2 million. Gross profit as a percentage of sales was 29.7% as compared to 26.4% in the prior quarter. Selling,
general and administrative expenses increased to $4.9 million, or 19.4% of revenue, as compared to $3.3 million, or 26.3% of revenue, in the prior year
quarter. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased $2.7 million to $3.1 million compared to $0.4 million in the
prior year quarter. Net income was $2.0 million or $0.07 per basic and diluted share, compared to a net loss of ($.06) million or a loss of ($0.002) per basic
and diluted share in the prior year quarter.
Mr. Ryan Pape, President and Chief Executive Officer of XPEL, commented, “First quarter 2018 is the strongest quarter in our Company’s history, with
record revenues reflecting strong demand across all of our product lines. Revenue grew by almost 100% over the first quarter of 2017 and by 25%
sequentially, illustrating considerable momentum in our business. We also saw strong improvement in our gross margin percentage as the margin
enhancement initiatives we began in Q3 last year have started to take hold.
“We are energized by the tremendous growth achieved in the first quarter and the increased demand for our products and unique services. We remain
focused on continuing to drive profitable growth as we expand our presence in both domestic and international markets, capture new customers and grow our
market share,” Mr. Pape concluded.
For the Quarter Ended March 31, 2018:
Revenues. Revenues increased approximately $12.6 million to $25.2 million, or 99.5% over the prior year period.
Gross Margin. Gross profit for the quarter grew 124.85% vs prior year quarter and increased as a percentage of sales to 29.7% from 26.4%.
Expenses. Selling, general and administrative expenses increased $1.6 million or 47.7% vs. prior year period but decreased as a percentage of sales to 19.4%
of sales from 26.3% of sales in the prior year. This increase was due mainly to increases in personnel, occupancy, sales and marketing and information
technology related costs to support the ongoing growth of the business.
EBITDA. EBITDA increased $2.7 million to $3.1 million vs prior year quarter.
Net income. Net income for the quarter increased to $2.0 million versus a loss of $.06 million in the prior year quarter.

KJP

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Re: DAP-U.V - Xpel Technologies
« Reply #144 on: Today at 06:42:12 AM »
XPEL Reports Record First Quarter Revenue Growth of 99.5% to $25.2 Million and EPS of $0.07

SAN ANTONIO--(BUSINESS WIRE)--May 23, 2018--XPEL Technologies Corp. (TSXV: DAP.U), a leading supplier of automotive paint protection and
window films, announced results for the first quarter ended March 31, 2018.

First Quarter Highlights:
 Revenues increased 99.5% to $25.2 million compared to first quarter 2017; Sequential revenue growth of 24.5% compared to fourth quarter of
2018
 Gross margin improved to 29.7% compared to 26.4% in first quarter 2017
 Selling, general and administrative expenses decreased to 19.4% as a percentage of revenue
 Earnings per share of $0.07 compared to a loss of ($0.002) per share in first quarter 2017
Revenues for the quarter grew 99.5% to $25.2 million. Gross profit as a percentage of sales was 29.7% as compared to 26.4% in the prior quarter. Selling,
general and administrative expenses increased to $4.9 million, or 19.4% of revenue, as compared to $3.3 million, or 26.3% of revenue, in the prior year
quarter. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) increased $2.7 million to $3.1 million compared to $0.4 million in the
prior year quarter. Net income was $2.0 million or $0.07 per basic and diluted share, compared to a net loss of ($.06) million or a loss of ($0.002) per basic
and diluted share in the prior year quarter.
Mr. Ryan Pape, President and Chief Executive Officer of XPEL, commented, “First quarter 2018 is the strongest quarter in our Company’s history, with
record revenues reflecting strong demand across all of our product lines. Revenue grew by almost 100% over the first quarter of 2017 and by 25%
sequentially, illustrating considerable momentum in our business. We also saw strong improvement in our gross margin percentage as the margin
enhancement initiatives we began in Q3 last year have started to take hold.
“We are energized by the tremendous growth achieved in the first quarter and the increased demand for our products and unique services. We remain
focused on continuing to drive profitable growth as we expand our presence in both domestic and international markets, capture new customers and grow our
market share,” Mr. Pape concluded.
For the Quarter Ended March 31, 2018:
Revenues. Revenues increased approximately $12.6 million to $25.2 million, or 99.5% over the prior year period.
Gross Margin. Gross profit for the quarter grew 124.85% vs prior year quarter and increased as a percentage of sales to 29.7% from 26.4%.
Expenses. Selling, general and administrative expenses increased $1.6 million or 47.7% vs. prior year period but decreased as a percentage of sales to 19.4%
of sales from 26.3% of sales in the prior year. This increase was due mainly to increases in personnel, occupancy, sales and marketing and information
technology related costs to support the ongoing growth of the business.
EBITDA. EBITDA increased $2.7 million to $3.1 million vs prior year quarter.
Net income. Net income for the quarter increased to $2.0 million versus a loss of $.06 million in the prior year quarter.

You beat me to it.  They've finally shown the gross profit improvement and operating leverage that management said was coming. 

Liberty

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Re: DAP-U.V - Xpel Technologies
« Reply #145 on: Today at 08:29:00 AM »
Haven't look at this in a long time. Glad to see it's been working out for patient shareholders.
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