XPEL (XPEL) Market Growth And Revenue Issues Case

The plaintiff has voluntarily dismissed the case, ending the lawsuit.

W.D. Texas

Court

5:24-cv-00873

Case number

11/08/2023

Class period Start

05/02/2024

Class period End

10/07/2024

Lead Plaintiff motion deadline

$XPEL stockholders filed a claim against XPEL for misleading them about market growth and revenue potential.
After the financial results on May 2, 2024, $XPEL fell by 39%.
XPEL investors can join this case to be notified about potential recovery.

Case Details:

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 XPEL 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.

Then, on May 2, 2024, XPEL reported 5% revenue growth, missing expectations, and admitted to losing customers in the aftermarket channel.

After that, $XPEL dropped 39% on the same day.

Considering all the information, investors might have grounds to suspect that XPEL misled them about market growth and revenue potential.

Case Status

Voluntary Dismissed

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

10/19/2023

Filing date

08/08/2024

Lead Plaintiff Deadline

10/07/2024