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Mar 31, 2024
XpresSpa Q1 2024 Earnings Report
XWELL's first quarter performance demonstrated progress in driving growth and returning to profitability.
Key Takeaways
XWELL reported a 24% increase in revenue compared to Q1 2023, alongside a 26% reduction in operating expenses and a 62% decrease in operating loss. The company is focused on long-term strategic priorities, including improving results, reaching profitability, and expanding its wellness portfolio.
XWELL's Q1 operating performance demonstrated accelerated progress in driving growth cost-effectively and returning to profitability.
Revenue increased by 24% year-over-year compared to Q1 2023.
Operating expenses decreased by 26% compared to Q1 2023.
Operating loss reduced by 62% compared to Q1 2023.
XpresSpa
XpresSpa
XpresSpa Revenue by Segment
Revenue by Segment
XpresSpa Revenue
CapyFin.comNaples Wax Center Revenue
CapyFin.com Forward Guidance
XWELL is focused on improving results, reaching profitability, expanding its wellness portfolio, opening a TreatStudios location, continuing collaboration with global governments in biosecurity, and leveraging new retail products and technologies.
Positive Outlook
- Delivering improved results
- Reaching profitability
- Expanding wellness portfolio including further expansion into transportation hubs
- Advancing plans to open first TreatStudios location later this year
- Continuing collaboration with global governments in biosecurity
Revenue & Expenses
Visualization of income flow from segment revenue to net income