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XPEL.US
id: 1023

XPEL (XPEL) Excessive Reliance on Primary Partners Case

  • On July 5, 2023, Culper Research published a report exposing XPEL’s (XPEL) excessive reliance on Tesla as primary customer and on the primary supplier.
  • On it, $XPEL fell 17.3%, losing $292M+ of shareholder value.
  • Investors may have grounds to suspect that XPEL was negligent in its business development strategy, which led to their losses.
On October 19, 2023, Culper Research published a report stating that XPEL had grossly understated its reliance on Tesla that represents 25-35% of XPEL’s revenue. Further, the report stated that the Company is concealing a massive undisclosed risk from its primary supplier which may threaten XPEL’s entire business.

On this news, $XPEL fell 17.3% and lost over $292 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that XPEL failed to develop a balanced business development strategy, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
19 October 2023
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Xpel Inc

XPEL, Inc. sells, distributes, and installs after-market automotive products. The company offers automotive surface and paint protection, headlight protection, and automotive and architectural wind...

    Ticker
    XPEL.US
    ISIN
    US98379L1008
    CIK
    1767258
    Sector
    Consumer Cyclical
    Industry
    Auto Parts
    Country
    USA
    Address
    711 Broadway, San Antonio, TX, United States, 78215