XWELL Q3 2024 revenue $8.4M (+13% YoY); operating loss narrows to $4.8M from $12.1M

XWELL, Inc.

2024-Q3 EPS reported -$2.11 revenue$26,430,000

Revenue of $8.4M for Q3 2024, up 13% from $7.5M in Q3 2023; YTD revenue up 16%.
Operating loss improved to $4.8M vs $12.1M loss in Q3 2023; total operating expenses fell 48% to $6.8M.
Net loss attributable to XWELL was $4.8M, compared to $11.5M loss in the prior-year quarter.
Cash and marketable securities totaled $16.1M; no long-term debt as of Sept. 30, 2024.
Company plans ~10 out-of-airport locations in 2025 and a Penn Station XpresSpa; August 2024 direct offering raised $1.4M gross.

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