NASDAQ$XWEL

XpresSpa Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter 2021 financial results and provided business update.

XpresSpa Group reported $9.1 million in total revenue, including $8.7 million from XpresCheck, and significantly reduced its Adjusted EBITDA loss and net loss compared to the previous year. The company is expanding its services with the Treat brand and re-opening legacy XpresSpa locations.

  • MSA practice patient fees increased to $17.1 million in Q2 from $6.3 million in Q1.
  • Net loss narrowed to $4.7 million compared to $58.5 million in the prior year's second quarter.
  • Strong liquidity position with an unrestricted cash balance of $102.5 million.
  • Launched Phase 2 of Treat™ and plans to launch Phase 3 this fall.

Headline financials

Total Revenue

$9.09M

Previous: $143K+6258.0%
EPS (adj)

-$0.04

Previous: -$1.40+97.1%
Capital Expenditures

-$2.13M

Previous: -$1.35M-58.4%
Free Cash Flow

-$6.6M

Previous: -$59.4M+88.9%
Net Income

-$4.47M

Previous: -$58.1M+92.3%
Operating Income

-$4.2M

Previous: -$9.48M+55.7%
Gross Profit

$1.39M

Previous: -$835K+266.6%
Cash & Equivalents

$102M

Previous: $37.8M+171.4%
Total Assets

$120M

Previous: $58.2M+106.5%
Stock-Based Comp

$328K

Previous: $424K-22.6%

Revenue & EPS history

XpresSpa · Revenue · Quarterly

$9.09M

Q2 2021+6,258%vs Q2 2020
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

XpresSpa · $6.64M total across 3 segments · Q1 2026

  • XpresSpa
    $4.2M—
  • XpresTest
    $1.92M—
  • Naples Wax
    $524K—

Forward guidance

The company is focused on expanding its three sustainable growth brands, leveraging its corporate structure and airport relationships to increase market share and shareholder value.

Tailwinds

  • Re-opening an additional eight to ten legacy XpresSpa locations this fall.
  • Launching Phase 3 of Treat this fall at JFK and Phoenix airports.
  • Belief that COVID-19 testing will remain important due to variants and international travel requirements.
  • Encouraging results after re-opening first four XpresSpa locations.
  • Potential for accretive acquisitions and strategic transactions.

Headwinds

  • Start-up costs associated with XpresCheck and Treat.
  • Additional legal fees related to XpresSpa litigation matters.
  • Reduced variable costs related to closed XpresSpa locations.
  • Uncertainties around the cash flows of XpresCheck.
  • Potential impact of COVID-19 variants on travel and testing demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.1%

Avg return

Earnings day

-2.3%

Avg return

5 days after

-4.5%

Avg return

30 days after

43%

16 / 37 earnings

Positive

+24.4%

Q4 2019

Best reaction

-11.1%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026———
Q3 2025+0.0%-8.4%-9.6%
Q2 2025-5.8%-8.3%-8.3%
Q1 2025+1.2%+12.8%+9.3%
Q4 2024+0.0%+0.0%+15.4%
Q3 2024-1.2%-10.6%-24.1%
Q2 2024+3.7%+0.5%-14.8%
Q1 2024+3.4%-8.4%+41.6%
Q4 2023+0.0%+0.7%+32.1%
Q3 2023+6.2%+35.4%+31.1%
Q2 2023-4.2%-4.2%-25.0%
Q1 2023+0.0%+4.2%+4.2%
Q4 2022+6.3%-9.4%-21.9%
Q3 2022+0.0%-12.3%-10.5%
Q2 2022-6.5%-5.4%+9.7%
Q1 2022-1.1%-18.7%-22.0%
Q4 2021+8.2%+52.0%+11.2%
Q3 2021+11.7%+13.1%+25.5%
Q2 2021-6.9%-13.1%-2.9%
Q4 2020+6.4%-3.5%-20.8%
Q3 2020-1.1%-13.4%-22.5%
Q2 2020-6.5%-4.2%-42.9%
Q1 2020-7.5%-5.5%+6.5%
Q4 2019+24.4%+26.8%+17.1%
Q3 2019+2.0%-5.9%-41.6%
Q2 2019+0.0%+21.2%+31.9%
Q1 2019+7.8%-9.0%-40.0%
Q4 2018+0.3%-12.0%-22.7%
Q3 2018+0.0%+0.0%+11.1%
Q2 2018+0.0%-25.0%-20.0%
Q1 2018-4.8%-31.7%-20.6%
Q4 2017-11.1%-24.7%-17.3%
Q3 2017-0.8%-4.0%-6.5%
Q2 2017+11.5%+4.4%+9.7%
Q1 2017+4.9%+1.9%+5.6%
Q4 2016+0.9%-9.7%-20.8%
Q3 2016+0.8%-8.0%-15.6%
Q2 2016-1.9%-1.0%+1.9%
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2011———

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