Law Offices of Howard G. Smith announces an investigation on behalf of XPEL, Inc. (“XPEL” or the “Company”) (NASDAQ: XPEL) investors concerning the Company’s possible violations of federal securities laws.
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, XPEL’s stock price fell $10.57, or 17.3%, to close at $50.65 per share on October 19, 2023, thereby injuring investors.
If you purchased XPEL securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231026942344/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
