The chart below shows how XWEL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, XWEL sees a +2.86% change in stock price 10 days leading up to the earnings, and a +3.77% change 10 days following the report. On the earnings day itself, the stock moves by +0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Analysis: Total revenue was approximately $8.4 million compared to $7.5 million in the prior year period, reflecting a significant increase.
Strong Segment Performance: Third quarter 2024 revenue primarily consisted of approximately $4.9 million from Xpres Spa locations and $3.1 million from Xpres Test, indicating strong performance in these segments.
Salaries and Benefits Increase: Salaries and benefits were approximately $1.9 million in the third quarter of 2024 compared to $1.2 million in the same period in 2023, showing effective cost management and growth in workforce.
Operating Expenses Reduction: Total operating expenses were approximately $6.8 million compared to approximately $13.2 million for the 2023 third quarter, demonstrating a significant reduction in costs.
Strong Liquidity Position: Our liquidity remains solid with cash and cash equivalents totaling $4.4 million, ensuring financial stability for future growth.
Negative
Revenue Increase Analysis: Total revenue was approximately $8.4 million compared to $7.5 million in the prior year period.
Operating Loss Improvement: Operating loss for the third quarter was $4.8 million compared to an operating loss of $12.1 million in the prior year third quarter.
Salaries and Benefits Increase: Salaries and benefits were approximately $1.9 million in the third quarter of 2024 compared to $1.2 million in the same period in 2023.
Operating Expenses Comparison: Total operating expenses were approximately $6.8 million compared to approximately $13.2 million for the 2023 third quarter.
Net Loss Comparison: Net loss attributable to common shareholders was $4.8 million compared to $11.5 million in the prior year's same period.
XWELL, Inc. (XWEL) Q3 2024 Earnings Call Transcript
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