INVESTOR ALERT: DiCello Levitt LLP Shareholder Class Action Lawsuit Filed Against XPEL, Inc. (NASDAQ: XPEL); Investors with Losses Encouraged to Discuss Their Options with Counsel

Core Viewpoint - A class action lawsuit has been filed against XPEL, Inc. for alleged violations of federal securities laws during the class period from November 8, 2023, to May 2, 2024, involving misleading statements about the company's revenue growth and market share [1][5]. Company Overview - XPEL, Inc. is a global manufacturer and supplier of protective films and coatings, including automotive paint protection film, automotive window film, ceramic coatings, and architectural window film products [4]. Allegations - The lawsuit claims that XPEL's executives made materially false or misleading statements regarding the company's revenue growth and business prospects, particularly suggesting that targeting non-enthusiast car customers would significantly boost revenue [5]. - It is alleged that the company failed to disclose that competitors were capturing a larger share of the market, which contributed to the misleading nature of their statements [5]. Financial Impact - On May 2, 2024, XPEL reported only a 5% year-over-year revenue growth for Q1 2024, which contradicted previous expectations [6]. - Following this announcement, XPEL's stock price fell by $20.93, approximately 39%, closing at $32.86 per share [6].