XpresSpa -7.4% after sold-off operations drive wider 2017 loss [Seeking Alpha]
XpresSpa Group, Inc. (XSPA)
Last xpresspa group, inc. earnings: 11/14 04:05 pm
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US:NASDAQ Investor Relations:
xpresspagroup.com/investors/corp_overview
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Source: Seeking Alpha
XpresSpa -7.4% after sold-off operations drive wider 2017 lossXpresSpa (NASDAQ:XSPA) is7.4% lower after aQ4 earnings report where its fiscal-year revenues quadrupled with a pure pivot to wellness, but net loss widened due to discontinued operations.Revenues grew to $48.8M from $12M, and loss from continuing operations narrowed to $16.1M from a 2016 loss of $19.3M.Comprehensive loss was $28.5M, including operations at FLI Charge (sold in October) and Group Mobile (sold this month), each classified as discontinued.In the Wellness segment, revenues rose 10.4% on a comparable basis, with same-store sales growth of 3%.For Q4, gross profit was $2.4M (a 20.4% margin), and operating loss was $1.2M.At year-end the company had cash of $6.4M and long-term debt of $6.5M.Press releaseSee all stocks on the move »Now read:EA's Guidance Raise, Dividend Talk Outduel Star Wars Battlefront II Debacle »
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