XPEL, Inc. (NASDAQ: XPEL)

This investigation is for anyone who acquired securities in XPEL, Inc. (NASDAQ: XPEL) prior to October 19, 2023.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by, among other things, failing to disclose to investors that the Company was over reliant on Tesla for its revenue.

On October 19, 2023, Culper Research published a report alleging, among other things, that XPEL had “grossly understated its reliance on Tesla.” Culper Research estimated that Tesla 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 threatens to upend [XPEL]’s entire reason for being.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in XPEL, Inc. (NASDAQ: XPEL) prior to October 19, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.