{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-060853","form_type":"8-K","ticker":"XWEL","cik":"0001410428","company_name":"XWELL, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.756483+00:00","generated_at":"2026-06-15T00:53:06.703974+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"XWELL Q1 revenue $7.1M, down 70% YoY; net loss widens to $5.5M","bullets":["Total revenue $7.1M vs $24.0M in Q1 2022; XpresSpa revenue up >70% YoY but testing revenue ended.","Net loss attributable to common shareholders $5.5M vs $4.3M loss YoY; loss from operations $6.3M.","Cash and marketable securities $35.1M; no long-term debt; net working capital $30.8M.","New CFO Valerie Lightfoot appointed effective June 12, 2023; plans to open XpresSpa in Philadelphia and Abu Dhabi.","Biosurveillance partnership with Ginkgo expanded to include influenza monitoring; 9 stations operating."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-060853","json":"https://secwatch.observer/filing/0001104659-23-060853.json","markdown":"https://secwatch.observer/filing/0001104659-23-060853.md","text":"https://secwatch.observer/filing/0001104659-23-060853.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1410428/000110465923060853/0001104659-23-060853-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1410428/000110465923060853/tm2315858d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:53:06.703974+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ae39b72ad8bfea8ab98d669969a086dc0c04f94","claim":"XWELL, Inc. reported financial results for the first quarter ended March 31, 2023.","evidence_excerpt":"Attached hereto as Exhibit 99.1 is a copy of a press release of XWELL, Inc., dated May 15, 2023, announcing certain operating results for the fiscal quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1410428/000110465923060853/0001104659-23-060853-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}