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XWELL, Inc. - XWEL STOCK NEWS

Welcome to our dedicated page for XWELL news (Ticker: XWEL), a resource for investors and traders seeking the latest updates and insights on XWELL stock.

XWELL, Inc. (Nasdaq: XWEL) is a premier global wellness holding company dedicated to delivering health and wellness services to travelers. The company's flagship brand, XpresSpa, boasts the title of the largest airport spa company globally, with 57 locations across 23 airports. XpresSpa offers a range of premium spa services tailored to the needs of busy travelers, including massages, nail services, skincare treatments, and exclusive travel products.

Alongside XpresSpa, XWELL operates the Treat brand, which focuses on travel health and wellness by offering spa services at airports. The company also runs XpresTest, a segment providing COVID-19 screening and diagnostic testing in collaboration with the CDC. Additionally, XWELL’s portfolio includes Naples Wax Center, known for its high-performing locations offering face and body waxing services, and HyperPointe, which provides specialized marketing services.

In recent developments, XWELL has introduced automated beauty and wellness experiences, such as the Clockwork MiNiCURE, which delivers express manicures through advanced robotic technology. This innovation is part of XWELL’s commitment to enhancing customer experiences and operational efficiency. The company has also expanded its wellness services with automated massage chairs and IV hydration drip therapy, aiming to boost revenue and provide high-margin services.

Financially, XWELL had cash and cash equivalents of $8.4 million and marketable securities worth $14.6 million as of December 31, 2023. Despite a challenging year with total revenue of $30.1 million and notable non-cash goodwill impairment charges, the company remains focused on operational efficiency and revenue growth through new service offerings and strategic partnerships.

Strategically, XWELL continues to enhance its service offerings and expand its global footprint, including recent openings in Abu Dhabi and planned expansions in key locations such as New York City's Penn Station. The company’s commitment to public health is evident through its TGS program, aimed at expanding biosecurity infrastructure with support from the CDC.

News

CDC Traveler-based Genomic Surveillance Program to Expand to Two New US International Airports in Miami and Chicago

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Ginkgo Bioworks, CDC, and XpresCheck by XWELL, Inc. expand the CDC's Traveler-based Genomic Surveillance program to new collection locations at US international airports in Miami and Chicago. The program, which leverages voluntary nasal swabs and wastewater sampling, aims to detect more than 30 pathogens, doubling the CDC's investment and bringing the total active sites to nine. The TGS program has successfully detected novel strains of SARS-CoV-2 and various other pathogens, showcasing its importance in global biosurveillance.
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XWELL Advances Expansion Plan Outside the Airport with Three New Naples Wax and Skin Care Locations

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XWELL, Inc. (Nasdaq: XWEL) announces plans to open three additional Naples Wax Center locations in 2024, with further expansion in the Southeastern US. The company aims to enhance its retail and skin care offerings, strengthening its position as an esthetic and beauty authority.
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XWELL Announces Plans to Open an XpresSpa in THE PENN DISTRICT

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XWELL, Inc. (Nasdaq: XWEL) partners with Vornado Realty Trust to open an XpresSpa location in Penn Station, New York, expanding its reach to serve commuters, neighborhood locals, and tourists with wellness-focused retail, autonomous massage, and nail care services. The tech-forward spa is expected to open in the first quarter of 2024, marking a strategic move to grow outside of airport environments and capitalize on the increasing demand for passenger rail travel in the US.
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XWELL Appoints Veteran Consumer & Wellness Entrepreneur Gaëlle Wizenberg to its Board of Directors

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XWELL, Inc. (Nasdaq: XWEL) announced the appointment of Gaëlle Wizenberg to the Company’s Board of Directors, effective January 1, 2024. Donald Stout, who joined XWELL’s Board of Directors in 2012, will be retiring from his position. Gaëlle’s appointment adds depth to XWELL’s Board as they support the Company’s plans for profitable growth. Her expertise in consumer, retail, and wellness channel growth aligns with XWELL's strategic plans. The Company plans to launch a new retail platform for independent wellness providers and extend its footprint into other transportation hubs.
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XpresSpa Introduces Clockwork Robotic Manicures at Harry Reid International Airport in Las Vegas

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XWELL, Inc. (Nasdaq: XWEL) continues to drive revenue by adding automated beauty and wellness experiences to new markets. In partnership with Clockwork, XWELL has launched the use of Clockwork’s next-generation, fully-autonomous, AI-powered express manicure in the XpresSpa® location at Harry Reid International Airport in Las Vegas, Nevada. The new offering will be available for an introductory discounted rate of $17. The Clockwork MiNiCURE is an express manicure service that delivers high-quality polish through automation, featuring a fully autonomous robot that uses proprietary artificial intelligence with 3D technology to paint nails effectively within minutes. XWELL's CEO, Scott Milford, expressed commitment to finding innovative solutions to serve guests and bring operational efficiency to the company’s business model. This expansion represents a continued effort to bring quality treatments to XpresSpa wellness centers worldwide.
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XWELL Opens New XpresSpa Location in Abu Dhabi International Airport

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XWELL - XWELL, Inc. (Nasdaq: XWEL) announces the grand opening of its 34th wellness center in Abu Dhabi International Airport, marking the brand's 11th international location. The new XpresSpa in Terminal A will operate 24/7, offering a range of wellness products and services to cater to the approximately 52 million passengers passing through Abu Dhabi International Airport and Dubai International Airport in the first half of 2023. This expansion strengthens XWELL's global position as a wellness provider, demonstrating its commitment to meeting travelers' needs and enhancing their overall experience.
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XWELL, Inc. Reports Third Quarter 2023 Results

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XWELL, Inc. (Nasdaq: XWEL) reported a strong 39% year-over-year Q3 revenue growth, focusing on airport spa expansion and international growth. The acquisition of Naples Wax Center is set to accelerate off-airport growth opportunities. The company also revealed its cost-savings initiatives and progress in reducing operational losses.
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Ginkgo Bioworks and XWELL Implement Expanded CDC Traveler-based Genomic Surveillance Program to Test for More than 30 Known Pathogens

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Ginkgo Bioworks and XWELL are expanding their work with the CDC's Traveler-based Genomic Surveillance program to test for more than 30 additional priority pathogens. The program uses voluntary nasal and wastewater sampling from international travelers at major U.S. airports to enhance early detection of new SARS-CoV-2 variants and other pathogens. The expansion will launch at four major international airports.
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XWELL Unveils New Corporate Identity and Enhanced Website for its Leading Airport Spa Brand, Xpres Spa®

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XWELL announces new brand identity and website redesign for XpresSpa, now represented as Xpres Spa. The changes aim to improve user experience and drive sales growth in the airport business.
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XWELL’s CEO Scott Milford Discusses Strategic Growth Plans During Recent Investor Fireside Chat

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XWELL announces recent acquisition of Naples Wax Center as part of its out of airport strategy
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FAQ

What is the current stock price of XWELL (XWEL)?

The current stock price of XWELL (XWEL) is $1.6 as of December 20, 2024.

What is the market cap of XWELL (XWEL)?

The market cap of XWELL (XWEL) is approximately 8.1M.

What services does XWELL, Inc. provide?

XWELL, Inc. offers premium spa services, COVID-19 testing, waxing services, and automated beauty treatments through its brands like XpresSpa, Treat, and Naples Wax Center.

Where can I find XpresSpa locations?

XpresSpa has 57 locations in 23 airports globally, providing tailored spa services to travelers.

What is the Clockwork MiNiCURE?

The Clockwork MiNiCURE is an express manicure service using advanced robotics to deliver high-quality nail polish within minutes.

How is XWELL contributing to public health?

XWELL’s TGS program, in partnership with the CDC, involves biosecurity infrastructure for pathogen detection and biosurveillance at airports.

What are the financial highlights of XWELL, Inc. for 2023?

As of December 31, 2023, XWELL reported $8.4 million in cash, $14.6 million in marketable securities, and total revenue of $30.1 million.

What new services has XWELL launched recently?

XWELL has introduced automated massage chairs and IV hydration drip therapy services to enhance its wellness offerings and increase revenue.

What is XpresTest?

XpresTest is a segment of XWELL providing COVID-19 screening and diagnostic testing in partnership with the CDC.

Where are the Naples Wax Center locations?

Naples Wax Center operates three locations in Florida, offering face and body waxing services and skincare products.

How does XWELL plan to expand its services?

XWELL plans to expand its wellness centers, including new locations in Abu Dhabi and New York City's Penn Station, and introduce new automated services.

What is the TGS program?

The TGS program is a biosecurity initiative led by XWELL in collaboration with the CDC to detect and monitor pathogens at airports.

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XWELL, Inc.

Nasdaq:XWEL

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XWEL Stock Data

8.09M
4.76M
9.65%
17.55%
1.37%
Diagnostics & Research
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