XWELL, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 05:01 pm EDT
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XWELL, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 8.18 million compared to USD 13.6 million a year ago. Net loss was USD 5.73 million compared to USD 7.92 million a year ago. Basic loss per share from continuing operations was USD 1.4 compared to USD 1.6 a year ago.
For the six months, revenue was USD 15.24 million compared to USD 37.65 million a year ago. Net loss was USD 11.24 million compared to USD 12.2 million a year ago. Basic loss per share from continuing operations was USD 2.6 compared to USD 2.4 a year ago.
XWELL, Inc. is a global health and wellness holding company. The Company operates through four segments: XpresTest, XpresSpa, Treat, and HyperPointe. The XpresSpa segment provides travelers premium spa services, including massage, nail and skin care, as well as spa and travel products. The XpresTest segment provides diagnostic COVID-19 tests at XpresCheck wellness centers in airports, to airport employees and to the traveling public. Its Treat segment provides access to integrated care which can seamlessly fit into a post-pandemic world and is designed to deliver on-demand access to integrated healthcare through technology and personalized services, positioned for a traveler to access health care, records and real-time information all in one place, as well as book appointments in the Companyâs on-site wellness centers as they reopen. HyperPointe segment provides a range of service and support options for its customers, including technical support services and advanced services.
XWELL, INC. 
