XWELL Inc
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 16, 2024
XWEL$0.54-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year ended December 31, | ||||||
| | 2023 | 2022 | ||||
| | | | | | | |
| Revenue, net · · | ||||||
| Patient services revenue | | $250 | | $32,776 | ||
| Services | | | 27,053 | | | 21,227 |
| Products | | 2,766 | | 1,930 | ||
| Other | | | 40 | | | 6 |
| Total revenue, net | | 30,109 | | 55,939 | ||
| | | | | | | |
| Cost of sales | | | ||||
| Labor | | 17,932 | | 21,437 | ||
| Occupancy | | 4,473 | | 4,138 | ||
| Products and other operating costs | | 4,023 | | 18,316 | ||
| Total cost of sales | | 26,428 | | 43,891 | ||
| | | | | | | |
| Gross Profit | | | 3,681 | | | 12,048 |
| | | | | | | |
| Depreciation and amortization | | 2,065 | | 5,429 | ||
| Impairment of long-lived assets | | | 3,927 | | | 4,669 |
| Goodwill impairment | | | 4,024 | | | - |
| Loss on disposal of assets, net | | | 34 | | | 834 |
| Impairment of operating lease right-of-use assets | | | 926 | | | 1,110 |
| General and administrative | | 12,957 | | 21,178 | ||
| Salaries and benefits | | | 7,954 | | | 9,991 |
| Total operating expenses | | 31,887 | | 43,211 | ||
| Operating loss | | (28,206) | | (31,163) | ||
| Interest income, net | | 448 | | 384 | ||
| Foreign exchange loss | | | (738) | | | (664) |
| Gain on securities, realized and unrealized | | | 912 | | | — |
| Other non-operating expense, net | | (410) | | (1,131) | ||
| Loss before income taxes | | (27,994) | | (32,574) | ||
| Income tax expense | | (35) | | (55) | ||
| Net loss | | | (28,029) | | | (32,629) |
| Net (income) loss attributable to noncontrolling interests | | 288 | | (208) | ||
| Net loss attributable to XWELL, Inc. | | $(27,741) | | $(32,837) | ||
| | | | | | | |
| Net loss | | | (28,029) | | | (32,629) |
| Foreign currency translation | | (1,390) | | (222) | ||
| Comprehensive loss | | $(29,419) | | $(32,851) | ||
| Loss per share | | | ||||
| Basic and diluted loss per share | | $(6.64) | | $(7.01) | ||
| Weighted-average number of shares outstanding during the period* | | | ||||
| Basic | | 4,175,220 | | 4,682,767 | ||
| Diluted | | 4,175,220 | | 4,682,767 | ||
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