XWELL, Inc. Reports First Quarter 2024 Results
XWELL delivered 2024 first quarter revenue growth of approximately 24% from the 2023 first quarter.
- XWELL delivered 2024 first quarter revenue growth of approximately 24% from the 2023 first quarter.
- As a result, the Company’s 2024 first quarter operating loss decreased approximately 62% to approximately $2.4 million from an operating loss of approximately $6.3 million in the 2023 first quarter.
- During the first quarter of 2024, XWELL announced that it had signed leases to open three additional Naples Wax Center® locations in 2024.
- Total revenue for the first quarter ended March 31, 2024, was $8.7 million compared to $7.1 million for the 2023 first quarter.