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 http://www.xpel.com SOURCE: XPEL Technologies Corp. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2013/15/c5610.html CO: XPEL Technologies Corp. ST: Texas NI: TRN AUT ERN -0- Apr/16/2013 00:21 GMT
XPEL Announces 2012 Results
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