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Jun 30, 2024
XpresSpa Q2 2024 Earnings Report
Reported second quarter 2024 results, showing increased revenue and reduced operating and net losses.
Key Takeaways
XWELL, Inc. reported a revenue increase to $9.3 million compared to $8.2 million in the second quarter of 2023. The company also reduced its operating loss to $1.9 million from $4.7 million and net loss to $2.0 million from $5.7 million year-over-year. The company continues to focus on strategic growth and cost reduction.
Total revenue increased to $9.3 million from $8.2 million in the second quarter of 2023.
Operating loss decreased to $1.9 million from $4.7 million year-over-year.
Net loss attributable to XWELL decreased to $2.0 million from $5.7 million year-over-year.
The company is focused on balancing its portfolio with growth outside the airport and cost-effectively integrating innovative services.
Forward Guidance
The company remains focused on continuous improvement across its business and extending its collaboration with the CDC for its traveler-based SARS-CoV-2 Genomic Surveillance program.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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