SAN ANTONIO, Nov. 29, 2012 /CNW/ - XPEL Technologies Corp.
(TSXV: DAP.U) today announced results for the three months ended
September 30, 2012 as compared to the
three months ended September 30,
2011.
For the Quarter Ended September 30,
2012:
Revenues. Revenues increased 89% to $3,207,876 from $1,693,140 in Q3 2011.
Direct Costs. Direct Costs of sales increased as a
percentage of revenue to 67% from 60% in Q3 2011.
Expenses. General and administrative expenses increased
45% to $717,868 in Q3 2012 from
$495,094 in Q3 2011.
Net earnings. The Company had net income of $340,425 in Q3 2012 as compared to net income of
$189,234 in Q3 2011.
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.