NASDAQ$XWEL

XpresSpa Group Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported second quarter results, demonstrating progress on strategic imperatives and securing a significant CDC biosurveillance contract.

XpresSpa Group reported a revenue increase to $13.6 million compared to $9.1 million in the corresponding period in 2021. The company's net loss attributable to common shareholders was $7.9 million, compared to $4.5 million in the prior year second quarter. XpresCheck was awarded a new CDC contract valued up to $61 million.

  • XpresCheck awarded new CDC biosurveillance contract valued up to $61 million.
  • 26 spas currently open globally with another five scheduled to open in the third quarter of this year, including first location in Turkey’s Istanbul Airport.
  • New retail strategy to drive more foot traffic into airport locations and online platform.
  • Planning to refresh the look and appearance of Spa locations later this year and extending into 2023, and also plan to open third Treat location in Salt Lake City, Utah in late Q3.

Headline financials

Total Revenue

$13.6M

Previous: $9.09M+49.5%
EPS (adj)

-$0.08

Previous: -$0.04-100.0%
Capital Expenditures

-$4.06M

Previous: -$2.13M-90.6%
Free Cash Flow

-$12M

Previous: -$6.6M-81.6%
Net Income

-$7.92M

Previous: -$4.47M-77.3%
Operating Income

-$7.77M

Previous: -$4.2M-84.9%
Gross Profit

$1.24M

Previous: $1.39M-10.9%
Cash & Equivalents

$71.1M

Previous: $102M-30.6%
Total Assets

$101M

Previous: $120M-15.6%
Stock-Based Comp

$1.32M

Previous: $328K+302.4%

Revenue & EPS history

XpresSpa · Revenue · Quarterly

$13.6M

Q2 2022+49.5%vs Q2 2021
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

XpresSpa Group is focused on creating a strong retail engine, optimizing capital, and managing sustainable growth. They are planning to refresh Spa locations and open a new Treat location in Salt Lake City.

Tailwinds

  • Strong retail engine creation.
  • Capital optimization.
  • Sustainable growth management.
  • Refreshing Spa locations look.
  • Opening new Treat location in Salt Lake City.

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 2022

Historical avgQ2 2022

+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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