NASDAQ$XWEL

XpresSpa Group Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Filed financial results for Q3 2020 and announced business update.

XpresSpa Group reported a decrease in revenue for Q3 2020 due to temporary closures of spa locations, offset by revenue from strategic spa partners. The company is focusing on expanding its XpresCheck wellness centers and developing a travel health and wellness brand.

  • XpresSpa temporarily closed all global spa locations in response to COVID-19 and did not reopen any domestic spa locations during Q3 2020.
  • Launched the XpresCheck brand to provide COVID-19 testing and other health and wellness services at airports.
  • Currently operating XpresCheck Wellness Centers in JFK, Newark, and Logan airports with plans for further expansion.
  • Developed a lower-cost 'pop up' clinic prototype to accelerate the rollout of COVID-19 testing to additional airports.

Headline financials

Total Revenue

$201K

Previous: $12.5M-98.4%
EPS (adj)

-$0.10

Previous: -$5.04+98.0%
Capital Expenditures

-$3.1M

Previous: -$1.64M-88.8%
Free Cash Flow

-$9.21M

Previous: -$6.49M-42.0%
Net Income

-$6.11M

Previous: -$4.84M-26.1%
Operating Income

-$9.22M

Previous: -$1.84M-402.3%
Gross Profit

-$1.2M

Previous: $2.84M-142.4%
Cash & Equivalents

$61.9M

Previous: $2.43M+2445.0%
Total Assets

$81.5M

Previous: $33.7M+141.8%
Stock-Based Comp

$470K

No prior period

Revenue & EPS history

XpresSpa · Revenue · Quarterly

$201K

Q3 2020-98.4%vs Q3 2019
Beat estimate in 5 of 9 quarters(56%)
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 believes the continued improvement in quarterly cash burn rate, continued focus on managing expenses, and a healthy cash position should provide the Company sufficient ability to execute its current business plan for at least the next 12 months.

Tailwinds

  • Continued improvement in quarterly cash burn rate
  • Continued focus on managing expenses
  • Healthy cash position
  • Sufficient ability to execute its current business plan for at least the next 12 months.

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 Q3 2020

Historical avgQ3 2020

+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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