reports
- 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
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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