XPEL Q1 Earnings Top Estimates On Solid Margins, Sees Good Momentum Ahead

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B
  • XPEL Inc XPEL reported first-quarter FY23 sales growth of 19.5% year-on-year to $85.84 million, beating the consensus of $83.62 million.
  • The after-market automotive products company registered an EPS of $0.41, beating the analyst consensus of $0.37.
  • Product revenue rose 15.9% Y/Y, and Services revenue increased 34.6%.
  • Gross margin for the quarter expanded 330 basis points to 41.9%. The operating margin was 17.4%, up nearly 350 bps.
  • The company held $8.33 million in cash and equivalents.
  • Ryan Pape, President and Chief Executive Officer of XPEL, commented, "We continue to see good momentum in our business and remain focused on driving growth as we move through 2023."
  • Price Action: XPEL shares traded higher by 4.23% at $73.36 on the last check Tuesday.
  • Photo Via Company
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