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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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