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XpresSpa Group, Inc. (Nasdaq: XSPA) announced a $2 million, eight-week pilot program in collaboration with the CDC and Concentric by Ginkgo. The program will monitor SARS-CoV-2 variants at major U.S. airports, including JFK, Newark, and San Francisco, targeting variants from India. Passengers will receive free pooled PCR tests. The initiative aims to enhance COVID-19 surveillance and could expand to other airports. The Delta variant, labeled a variant of concern by the CDC, is central to this effort, which intends to improve public health measures against COVID-19.
XpresSpa Group (Nasdaq: XSPA) has partnered with 98point6 to launch the Treat™ Care app, offering on-demand virtual healthcare services for travelers. The app, available soon on major platforms, will feature access to board-certified health professionals, travel health content, and a secure health records wallet. CEO Doug Satzman emphasized that this collaboration enhances traveler health access. 98point6 will provide personalized diagnoses and consultations through in-app messaging and video conferencing, ensuring quality care for users anywhere.
XpresCheck has partnered with EL AL Israel Airlines to provide on-site COVID-19 testing at John F. Kennedy International Airport. This pilot program, starting on August 5, mandates negative COVID-19 PCR tests for travelers heading to Israel. The testing service aims to facilitate the travel process while ensuring safety. If successful, the collaboration will expand to more US flights to Israel. XpresCheck continues to enhance its presence as a leading airport testing provider with 13 locations across domestic airports.
XpresSpa Group announced its partnership with the Go Give One campaign to support COVID-19 vaccinations in lower-income countries. The company will match customer donations up to $100,000. This initiative aims to bridge the vaccine equity gap as a significant number of poor countries struggle to vaccinate their populations. CEO Doug Satzman emphasized XpresSpa's commitment to global health through their screening and testing services. The campaign encourages worldwide contributions, with individual donations starting at $5 to fund vaccines directly.
XpresSpa Group, Inc. (Nasdaq: XSPA) will release its Q2 2021 financial results and provide a business update on August 16, 2021, after market close. The announcement will be followed by a webcast and conference call at 4:30 PM ET. XpresSpa operates three brands: Treat™, XpresCheck™, and XpresSpa™, focusing on health and wellness services, including COVID-19 screening and spa services at airports. Investors can access the webcast via the company’s Investor Relations section.
XpresSpa Group (Nasdaq: XSPA) announced the reopening of four top-performing spas at major U.S. airports by July 1. Locations include Hartsfield-Jackson Atlanta, Dallas/Fort Worth, Charlotte Douglas, and Las Vegas McCarran airports. This move is motivated by increasing passenger traffic and the upcoming Independence Day holiday. Operating hours will be limited to peak times, focusing on popular services like massages and manicures to enhance profitability. XpresSpa's strategy includes leveraging insights from this pilot program for potential future openings.
XpresSpa Group, Inc. (Nasdaq: XSPA) announced its inclusion in the Russell Microcap® Index, effective June 28, 2021. This milestone signifies enhanced visibility and potential investor interest, as Russell indexes are widely utilized by institutional investors managing approximately $10.6 trillion in assets. Doug Satzman, CEO, emphasized the importance of this inclusion in broadening exposure within the trading community and attracting new investors. The Russell Microcap Index membership remains for one year and is based on objective market-capitalization rankings.
XpresSpa Group, Inc. (Nasdaq: XSPA) has launched Treat™, a new travel brand aimed at providing integrated healthcare services for travelers. The initiative, announced on June 1, 2021, includes a dedicated website and a mobile app expected to launch later this summer. Treat will offer access to medical care and wellness services, including COVID-19 testing and anxiety care, through on-site Wellness Centers in airports. The first two locations are set to open late Summer/Early Fall. This service aims to enhance traveler confidence in a post-pandemic environment.
XpresSpa Group reported $8.5 million in total revenue for Q1 2021, including $8.2 million from XpresCheck, with $3.2 million deferred from 2020. The net loss narrowed to $0.8 million from $10.7 million year-over-year, showcasing improved profitability. Cash reserves stand at $103 million. The company is launching Treat™, a new travel health brand, with an initial website in June, a mobile app in summer, and two locations planned for late summer/early fall. XpresCheck continues to grow, driven by increased demand for COVID-19 testing amid rising travel enthusiasm.
XpresSpa Group, Inc. (XSPA) announced that it will provide a business update and report its first-quarter 2021 financial results on May 17, 2021, after market close. The company will also file its SEC Form 10-Q for the quarter ending March 31, 2021. Following this announcement, a webcast and conference call is scheduled for 4:30 PM ET. XpresSpa operates 45 locations in 23 airports worldwide, offering spa services and health products, and provides COVID-19 screening through its XpresTest subsidiary at 13 locations in 11 airports.
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