XpresSpa Group Reports First Quarter 2018 Results
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: GlobeNewswire
Product and Service Revenue Grew 7.4%Adjusted EBITDA Loss NarrowedContinuing Cost ReductionEnters into $4.4 Million Secured Convertible NotesExtends Maturity of Existing Debt to December 31, 2019 NEW YORK, May 15, 2018 (GLOBE NEWSWIRE) -- XpresSpa Group, Inc. (Nasdaq:XSPA), a health and wellness holding company, today announced financial results for the first quarter ended March 31, 2018. Following the sale of Group Mobile on March 22, 2018, the Company determined that it only had one operating segment, and first quarter 2018 and 2017 results are presented accordingly. Ed Jankowski, XpresSpa Group CEO, said, “In the first quarter of 2018, XpresSpa’s revenue increased 7.4% from first quarter last year as new stores contributed to our top-line growth, even as we absorbed the effects of 69 days of weather related incidents, including 17 airport closures, as well as a strong first quarter 2017 comparison. During the quarter, as part of our evolution to a pure play health and wellness
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