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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

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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XWELL Celebrates Breast Cancer Awareness Month with Philanthropic Nail Care Program

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XWELL, Inc. will donate 10% of proceeds from nail care services at XpresSpa locations in the US to Susan G. Komen throughout October, boosting breast cancer awareness. Manicure, pedicure, and robotic Clockwork MiNiCURE services are eligible. The initiative aims to support breast cancer research and meet critical needs of those impacted by the disease.
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XWELL’s CEO Scheduled to Present at Upcoming Investor Fireside Chat on October 4, 2023

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XWELL's CEO Scott Milford to present at Water Tower Research Fireside Chat on Oct 4, 2023, providing updates on the company's out of airport strategy and recent acquisition of Naples Wax Center. Milford will also discuss initiatives to reduce cost and improve operating performance.
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XWELL, Inc. Announces 1-for-20 Reverse Stock Split

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XWELL, Inc. will effect a 1-for-20 reverse stock split of its common stock to raise the per share trading price and regain compliance with the minimum bid price requirement. The reverse stock split will reduce the number of shares from 83.5 million to 4.17 million. No fractional shares will be issued. XWELL's common stock will continue to trade on Nasdaq under the symbol 'XWEL'.
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XWELL Introduces New Stretch Service at XpresSpa

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XWELL introduces proprietary stretching service for XpresSpa locations nationally, promoting key health benefits for travelers. Service launched in 15 US locations with plans for global expansion. Sessions offered at $45, $55, and $75 for 15, 20, and 30 minutes respectively. Partnership with Hyperice brings innovative technology to stretch protocol.
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FAQ

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

The current stock price of XWELL (XWEL) is $1.804 as of November 1, 2024.

What is the market cap of XWELL (XWEL)?

The market cap of XWELL (XWEL) is approximately 9.0M.

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

9.05M
5.26M
9.65%
14.94%
1.57%
Diagnostics & Research
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