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Stock impact report

XWELL, Inc. Reports Fiscal Year 2023 Results [Yahoo! Finance]

XWELL, Inc. (XWEL) 
Company Research Source: Yahoo! Finance
Recent Highlights: The Company's airport XpresSpa business segment delivered revenue growth of approximately 39% versus 2022. The Company continued growing internationally with the opening of its 11 th XpresSpa location in the Abu Dhabi International Airport. XWELL is opening an XpresSpa location in Penn Station, located in the heart of New York City's newly revitalized PENN DISTRICT. The Company continues to expand outside of the airport with plans for multiple new Naples Wax Center locations in Florida. In March 2024, XWELL and Ginkgo Bioworks expanded the CDC Traveler-based Genomic Surveillance Program to new collection locations at US international airports in Miami (MIA) and Chicago (ORD). The Company continues to focus on reducing its cost structure and simplifying its processes in order to achieve profitability in 2024. During 2023, XWELL removed approximately $11 million from the business in a combination of headcount, systems, and process reductions. Further de Show less Read more
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