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Dec 31, 2021
XpresSpa Q4 2021 Earnings Report
XpresSpa Group reported record full year and fourth quarter results, marking the strongest financial performance in company history, driven by record quarterly revenue and net income.
Key Takeaways
XpresSpa Group reported record financial results for Q4 2021, with revenue reaching $29.4 million and net income at $3.3 million. The company generated significant operating cash flow and actively repurchased shares, ending the year with a strong liquidity position of $105.5 million in unrestricted cash.
Record quarterly revenue of $29.4 million was achieved.
Net income reached a record $3.3 million.
Operating cash flow was $9.7 million for the quarter.
The company had an unrestricted cash balance of $105.5 million.
Forward Guidance
XpresSpa Group expects to exceed $100 million in revenue in 2022 and $500 million in revenue by 2025.
Positive Outlook
- Significant opportunities for businesses based upon healthy unit level economics.
- Leveraging an efficient corporate structure.
- Elevating all brands.
- Further expanding services and products to meet consumer needs.
- Continued bio-surveillance efforts as a component part of future revenue strategy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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