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Thierry Wuilloud
  • Thierry Wuilloud

2Q23 Results; Company Making Progress Toward Return to Profitability

XWELL reported sequential top-line growth and continued expense reduction, with revenues up 15% and expenses down 13% sequentially, thus continuing on its way toward a return to profitability. XWELL now has 26 domestic stores and 10 international stores, with at least one additional international location set to open for the remainder of the year...

Thierry Wuilloud
  • Thierry Wuilloud

Reports 1Q23 Results; Early Steps on the Way Back to Profitability

XWELL reported 1Q23 revenue of $7.1 million, compared with $7.6 million in 4Q22, which is a reasonable performance given that the first quarter tends to be seasonally slow. The spa business contributed $4.7 million, helped by growth in international spas. The XpresTest segment, which included the CDC program and the one remaining XpresCheck location, contributed $1.8 million, while HyperPointe contributed $0.6 million... The appointment of Valerie Lightfoot as CFO is a positive sign with respect...

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