snowball82 Posted November 15, 2018 Author Share Posted November 15, 2018 Third Quarter Highlights: Revenues increased 64.3% to $29.3 million compared to third quarter 2017 Gross margin improved to 30.1% compared to 23.8% in third quarter 2017 Earnings per share of $0.08 compared to $0.02 per share in third quarter 2017 http://www.xpel.com/news/xpel-reports-record-third-quarter-revenue-growth-64-3-29-3-million-eps-0-08/ https://seekingalpha.com/article/4222201-xpel-inc-xplt-ceo-ryan-pape-q3-2018-results-earnings-call-transcript Link to comment Share on other sites More sharing options...
A Dhandho Investor Posted January 25, 2019 Share Posted January 25, 2019 New Marketing video that shows how Xpel helps its customers to drive their revenue growth: I added some shares in the $5 range since the pullback of the recent months. Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted February 5, 2019 Share Posted February 5, 2019 It may very well go higher of course. It may be not a consumer fad, but what is it then? I may be mistaken of course, I never used such product and I did not read all the 17 pages of comments, sorry about that. Is it an investment? What is the return on investment for the owner? Taking into account average car ownership lenght etc.? The return on investment is that a car that has been wrapped in PPF will not suffer from damage of rock chips, scratches, etc, given the self-healing nature of the film. In that sense, I would say that the ROI is higher than a lot of other options people frequently buy like chrome finishing, nicer rims, etc. Btw, your reaction that you do not know the ROI of PPF shows that the product still has a large runway left in terms of growth / market penetration. I would invite you to ask friends and family about it, they will probably don’t know it either. But I definitely believe it is not a fad. I think the question of whether it's a fad or not is an open one. Does anyone else here recall when "car bras" were common? These used to be fairly common, but it has been years since I've noticed one. They were 100% a passing fad. https://en.wikipedia.org/wiki/Front-end_bra Pain protection film (PPF) is clearly a more useful and less ridiculous product. That said, I would think that unless you have an exceptionally valuable and/or particularly liable to be damaged vehicle, the ROI for a full vehicle application is probably negative. I recognize that most car owners aren't making an explicit economic calculation when pay for PPF to be put on their cars. Instead they are probably motivated by a desire to do everything they can to keep their new car in pristine condition. Does anyone have any info on how PPF affects the value of a used car? If I trade in a 5 year old car with a $5,000 full vehicle PPF treatment will I get more trade in value from the dealership than the same car with no PPF treatment whatsoever? Google doesn't seem to know. Link to comment Share on other sites More sharing options...
gary17 Posted February 5, 2019 Share Posted February 5, 2019 :-\I have a $1000 iphone And i’m happy to spend $50 on a screen protector and $50 on a good case i guess thts 10% of the cost of the phone i don’t care about resale value Link to comment Share on other sites More sharing options...
Hielko Posted February 5, 2019 Share Posted February 5, 2019 :-\I have a $1000 iphone And i’m happy to spend $50 on a screen protector and $50 on a good case i guess thts 10% of the cost of the phone i don’t care about resale value But in case of a $1000 iPhone there is a way stronger economical case to invest in those two items, even if they are depreciated after two years or so (depending how long you use your phone). A lot of people will accidentally drop their phone multiple times in one year, and just one unlucky drop can cause the screen to break and necessitate a very expensive repair. A scratch on the paint of your car on the other hand is just that, and it doesn't impede the functionality of the car in any way not would anyone think an expensive repair is necessary. PS. And yes, using those two items on your iPhone also increases the resale value of your phone quite a bit. A scratch free second hand iPhone can fetch good money. Link to comment Share on other sites More sharing options...
gary17 Posted February 5, 2019 Share Posted February 5, 2019 i think if it is your dream car be jt a ferrari or porsche you would want to protect it. people also like the matte finish - similar to having unique cases Link to comment Share on other sites More sharing options...
A Dhandho Investor Posted February 5, 2019 Share Posted February 5, 2019 PPF is also popular for cheaper cars. If I remember well, it was the pattern for a car like the Toyota Prius that was the most popular in Xpel's paint protection film cutting database. I also understand that in certain areas of the US, PPF penetration is > 25% and even >50%, which shows it is not only something that is chosen/used for luxury cars. Link to comment Share on other sites More sharing options...
Jurgis Posted February 5, 2019 Share Posted February 5, 2019 Just wondering: (maybe this was already posted) does anyone on the thread have this on their car? If so why and how well you like it? Also has anyone considered it seriously and decided not to do it? Link to comment Share on other sites More sharing options...
A Dhandho Investor Posted February 8, 2019 Share Posted February 8, 2019 I think the best way to find some feedback regarding the use of paint protection is to look on some public forums like Tintdude or the Tesla forum: https://www.tintdude.com/forum/forum/321-paint-protection-film-clear-bra-forum/ https://forums.tesla.com/forum/forums/what-paint-protector-best-and-why https://forums.tesla.com/forum/forums/opinion-xpelopticoat-or-doing-nothing Link to comment Share on other sites More sharing options...
A Dhandho Investor Posted March 13, 2019 Share Posted March 13, 2019 New product added to the product offering: https://www.xpel.com/newsroom/XPEL-introduces-FUSION-PLUS-ceramic-coating Link to comment Share on other sites More sharing options...
Bart Posted March 29, 2019 Share Posted March 29, 2019 Does someone have news on the release date of Q4/full year results? They seem to be delayed compared to previous years? Link to comment Share on other sites More sharing options...
A Dhandho Investor Posted March 29, 2019 Share Posted March 29, 2019 I think they heard you :-). They announced that the results will be reported on April 3rd. Link to comment Share on other sites More sharing options...
Liberty Posted March 29, 2019 Share Posted March 29, 2019 Always a bit funny when a company announces the results of a quarter when the next quarter is over... Link to comment Share on other sites More sharing options...
gary17 Posted March 29, 2019 Share Posted March 29, 2019 Yah they switched accountant too during Q1 maybe that caused some delays! Link to comment Share on other sites More sharing options...
Steven B Posted April 3, 2019 Share Posted April 3, 2019 Crazy price action today... Someone dumped the earnings spike ? Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted April 3, 2019 Share Posted April 3, 2019 Crazy price action today... Someone dumped the earnings spike ? Likely something that was said during the earnings call Link to comment Share on other sites More sharing options...
gary17 Posted April 3, 2019 Share Posted April 3, 2019 CEO said revenue in Q1 2019 will be a modest decline compare to Q1 2018 - I think China is slowing down quite a bit IMPO - we are likely going to see this back to $ 3... Link to comment Share on other sites More sharing options...
spartansaver Posted April 3, 2019 Share Posted April 3, 2019 CEO said revenue in Q1 2019 will be a modest decline compare to Q1 2018 - I think China is slowing down quite a bit IMPO - we are likely going to see this back to $ 3... Why $3? Link to comment Share on other sites More sharing options...
gary17 Posted April 3, 2019 Share Posted April 3, 2019 just speculation on my part based on P/E of 10. so if you have a lot of growth , then market is willing to pay premium p/e of 20 or even 25 as we saw briefly this AM. if like what the CEO said this AM, revenue is in fact declining then p/e of 10 seems like where the price could be headed. Link to comment Share on other sites More sharing options...
Libs Posted April 3, 2019 Share Posted April 3, 2019 Welcome to small-cap land. Sheesh. The good news is, they are going to list on NASDAQ. And growth is still strong in the U.S. And they are optimistic about Europe and Asia. Also, they have a big take-up on Teslas, which is helpful now that Tesla is becoming established in Europe and Asia ( unless they go broke first ;D) The bad news is China. Big drop in Q1, and as a result overall revenue will dip Y/Y in Q1. That's probably a first in company history. But China had spiked anyway, and I personally have viewed those sales with an asterisk. Doing business there is not easy or reliable IMO. In spite of the jaw-dropping 25% swing from the peak today, I'm holding on for the long haul. Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted April 3, 2019 Share Posted April 3, 2019 CEO said revenue in Q1 2019 will be a modest decline compare to Q1 2018 - I think China is slowing down quite a bit IMPO - we are likely going to see this back to $ 3... I just finished listening to the call and agree with you completely: Y/Y Q1 rev "guidance" (note that their Q1 actually ended several days ago) clearly spooked investors. Slowing sales growth was probably priced in to the stock already, but a Y/Y revenue decline was not. Auto sales in China have been horrid so far this year. I suspect that another factor may be the tendency of Chinese firms to....borrow.....the intellectual property and business models of foreign companies. Much has been written about the struggles non-Chinese companies have operating in China. I posted previously in this thread, it's not clear to me if paint protection films are a passing fad or a secular growth story. I can see the use case for ultra high end, classic, and enthusiast-type vehicles, but even luxury cars depreciate so quickly that spending thousands of dollars to protect them from paint chips and scratches seems very questionable. Finally, I am very interested in learning how these types of products affect secondary market values. I haven't seen any data whatsoever on this. Link to comment Share on other sites More sharing options...
misterkrusty Posted April 4, 2019 Share Posted April 4, 2019 Luxury cars don't always depreciate that much. It depends. Porsches and Ferraris often hold their value quite well (if you take care of them of course). Some lower-production models appreciate over time. My brother restores old VWs and Porsches as a hobby. he has PPF on his 2017 Porsche 911 daily-driver (well, it's a daily driver if he doesn't have to take the minivan to ferry the kiddos to and from school, which he usually has to do). I asked him if he's ever heard of anyone working on a new technology that would obviate the need for PPF. Answer: no. Also asked him why the car mfr doesn't offer this in-house. Turns out you can't apply PPF for a few months after it rolls off the assembly line since the paint has to cure and de-gas, so that could tie up cash in working capital or at least require the mfr to build out storage. Also the customer would have to wait longer to get their new baby. Anyone remember car-bras? Those went away because they sucked. If you left the bra on when it rained it could F-up your car. PPF doesn't have that problem. Link to comment Share on other sites More sharing options...
snowball82 Posted April 4, 2019 Author Share Posted April 4, 2019 CEO said revenue in Q1 2019 will be a modest decline compare to Q1 2018 - I think China is slowing down quite a bit IMPO - we are likely going to see this back to $ 3... $ 3, really ?;) Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted April 4, 2019 Share Posted April 4, 2019 Luxury cars don't always depreciate that much. It depends. Porsches and Ferraris often hold their value quite well (if you take care of them of course). Some lower-production models appreciate over time. My brother restores old VWs and Porsches as a hobby. he has PPF on his 2017 Porsche 911 daily-driver (well, it's a daily driver if he doesn't have to take the minivan to ferry the kiddos to and from school, which he usually has to do). I asked him if he's ever heard of anyone working on a new technology that would obviate the need for PPF. Answer: no. Also asked him why the car mfr doesn't offer this in-house. Turns out you can't apply PPF for a few months after it rolls off the assembly line since the paint has to cure and de-gas, so that could tie up cash in working capital or at least require the mfr to build out storage. Also the customer would have to wait longer to get their new baby. Anyone remember car-bras? Those went away because they sucked. If you left the bra on when it rained it could F-up your car. PPF doesn't have that problem. Yeah, like I hinted at in my earlier post the use case for the types of cars that you mention is clear. If you buy a $400,000 Ferrari that you expect will hold its value over time, then it makes sense to pay $3000 - $6000 for a complete PPF application. Ditto for a $120,000+ Porsche 911. Of course the issue is that the #s of new cars in this price range sold is quite limited. What I'm interested in is the use case for a $70,000 Porsche Macan or $60,000 Lexus. If I buy a new car in this price range, have a PPF product installed, then go back to the dealer to trade it in a few years down the road (pardon the pun), how much extra trade in cash, if any, will the dealer give me for the PPF/pristine paint condition? If the answer to this question is $0, then the use case here for mainstream luxury cars like Lexus/Tesla/most BMWs/etc seems very questionable. Link to comment Share on other sites More sharing options...
Jurgis Posted April 4, 2019 Share Posted April 4, 2019 the use case for the types of cars that you mention is clear ;D Link to comment Share on other sites More sharing options...
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