---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-118179"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:20:00.356969+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# XWELL Q3 revenue $7.5M; airport spa revenue up 39% YoY; non-cash impairment $6.8M

## Summary
- Total revenue $7.5M, down from $10.7M in Q3 2022; XpresSpa revenue grew ~39% YoY to $5.0M.
- Non-cash goodwill & intangible impairment of $6.8M, primarily on HyperPointe and Treat assets.
- GAAP loss from operations $10.5M; non-GAAP loss (excl. impairment) $3.7M vs. $7.1M loss in Q3 2022.
- Naples Wax Center acquired for ~$1.5M in mid-September; plan to grow by 8–10 locations in 12-18 months.
- CDC renewed TGS contract for ~$16M; expanded to test for 30+ priority pathogens at four U.S. airports.

## SEC filing metadata
- accession: 0001104659-23-118179
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465923118179/0001104659-23-118179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465923118179/tm2330720d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-118179
- JSON: https://secwatch.observer/filing/0001104659-23-118179.json
- Plain text: https://secwatch.observer/filing/0001104659-23-118179.txt

## Key facts
- Earnings Releases
  XWELL, Inc. reported financial results for the third quarter ended September 30, 2023.
  - Period: the third quarter ended September 30, 2023
  - Result: reported results
  source text: XWELL, Inc., dated November 14, 2023, announcing certain operating results for the fiscal quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465923118179/0001104659-23-118179-index.htm

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