NASDAQ$XWEL

XpresSpa Group Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported second quarter 2024 results, showing increased revenue and reduced operating and net losses.

XWELL, Inc. reported a revenue increase to $9.3 million compared to $8.2 million in the second quarter of 2023. The company also reduced its operating loss to $1.9 million from $4.7 million and net loss to $2.0 million from $5.7 million year-over-year. The company continues to focus on strategic growth and cost reduction.

  • Total revenue increased to $9.3 million from $8.2 million in the second quarter of 2023.
  • Operating loss decreased to $1.9 million from $4.7 million year-over-year.
  • Net loss attributable to XWELL decreased to $2.0 million from $5.7 million year-over-year.
  • The company is focused on balancing its portfolio with growth outside the airport and cost-effectively integrating innovative services.

Headline financials

Total Revenue

$9.28M

Previous: $8.18M+13.5%
EPS

-$0.48

Previous: -$1.40+65.7%
Total operating expenses

$5M

No prior period
General and administrative

$4.7M

No prior period
Capital Expenditures

-$644K

Previous: -$1.24M+47.9%
Free Cash Flow

-$2.64M

Previous: -$6.97M+62.1%
Net Income

-$2M

Previous: -$5.73M+65.2%
Operating Income

-$1.89M

Previous: -$4.72M+59.9%
Gross Profit

$3.08M

Previous: $1.19M+158.7%
Stock-Based Comp

$304K

Previous: $626K-51.4%

Revenue & EPS history

XpresSpa · Revenue · Quarterly

$9.28M

Q2 2024+13.5%vs Q2 2023
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

The company remains focused on continuous improvement across its business and extending its collaboration with the CDC for its traveler-based SARS-CoV-2 Genomic Surveillance program.

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 2024

Historical avgQ2 2024

+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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