---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-117166"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:39:34.423872+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XWELL Q3 revenue $10.7M (down 60%), net loss $7.2M vs profit $5.6M

## Summary
- Revenue $10.7M, down 60% from $26.8M; loss from operations $7.65M vs income $7.1M in Q3 2021.
- Net loss attributable to common shareholders $7.2M vs net income $5.6M in prior year; Adjusted EBITDA loss $4.56M.
- Closed five unprofitable XpresCheck locations in Q3; plans to close seven more in Q4; two XpresCheck sites and five biosurveillance stations expected for 2023.
- Cash and equivalents $49.4M, no debt; repurchased 11.0M shares at avg $1.03 in Q3 for $11.4M.
- Awarded new CDC/Ginkgo biosurveillance contract with potential value up to $61M based on options.

## SEC filing metadata
- accession: 0001104659-22-117166
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465922117166/0001104659-22-117166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465922117166/tm2230190d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-117166
- JSON: https://secwatch.observer/filing/0001104659-22-117166.json
- Plain text: https://secwatch.observer/filing/0001104659-22-117166.txt

## Key facts
- Earnings Releases
  XWELL, Inc. reported financial results for the third quarter ending September 30, 2022.
  - Period: the third quarter ending September 30, 2022
  - Result: reported results
  source text: NEW YORK, November 10, 2022 -- XWELL, Inc. (Nasdaq: XWEL), a leading global health and wellness holding company, today reported results for the third quarter ending September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465922117166/0001104659-22-117166-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.