XpresSpa turns in quarter of expansion-driven sales growth [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 turns in quarter of expansion-driven sales growthXpresSpa (NASDAQ:XSPA) grew revenues inQ1 earnings where it shrunk to just one business line, but took a heavy goodwill impairment over the business structure change and a shift in its top job.Net operating loss grew to $23.1M from a year-ago loss of $4.6M, including a $19.6M impairment charge. Excluding that, net loss narrowed to $3.5M.And EBITDA loss of $1.5M was $0.3M narrower Y/Y.Total revenue from continuing operations rose 13.7%, but same-store sales fell 1.6%; the company said 69 days in the quarter were impacted by inclement weather, including 17 instances where airports where it operates were closed.Cash was $3.6M at quarter's end, with assets held for disposal of $0.7M and long-term debt (related party) of $6.5M.Press releaseClick to subscribe to real-time analytics on XSPANow read:Rocky Road For Roku When Lock Up Expires »
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