---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-061978"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:50:08.793304+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XWELL Q1 revenue up 24% to $8.7M; operating loss narrows 62% to $2.4M

## Summary
- Revenue $8.7M vs $7.1M YoY; XpresSpa/Treat $4.4M, XpresTest $3.6M, Naples Wax $0.6M.
- Operating loss improved 62% to $2.4M; net loss $2.5M vs $5.5M.
- Cash $4.3M, marketable securities $14.8M; no long-term debt.
- CDC TGS program expanded to Miami/Chicago; estimated funding increased to $36.7M.
- Plans to open 3 new Naples Wax Centers in 2024 and XpresSpa at NYC Penn Station this summer.

## SEC filing metadata
- accession: 0001104659-24-061978
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1410428/000110465924061978/0001104659-24-061978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465924061978/tm2414488d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-061978
- JSON: https://secwatch.observer/filing/0001104659-24-061978.json
- Plain text: https://secwatch.observer/filing/0001104659-24-061978.txt

## Key facts
- Earnings Releases
  XWELL, Inc. reported financial results for the first quarter ended March 31, 2024.
  - Period: the first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 15, 2024, XWELL, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024, and provided a corporate update.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465924061978/0001104659-24-061978-index.htm

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