XWELL, Inc.
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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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.
FY2024 · Filed Apr 15, 2025
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, | ||||||
| | 2024 | 2023 | ||||
| | | | | | | |
| Revenue, net · · · | ||||||
| Services | | $30,660 | | $27,343 | ||
| Products | | 3,237 | | 2,766 | ||
| Total revenue, net | | 33,897 | | 30,109 | ||
| | | | | | | |
| Cost of sales | | | ||||
| Labor | | 17,477 | | 17,932 | ||
| Occupancy | | 3,712 | | 4,473 | ||
| Products and other operating costs | | 3,789 | | 4,023 | ||
| Total cost of sales | | 24,978 | | 26,428 | ||
| Gross Profit | | | 8,919 | | | 3,681 |
| Depreciation and amortization | | 938 | | 2,065 | ||
| Impairment of long-lived assets | | | 1,711 | | | 3,927 |
| Goodwill impairment | | | — | | | 4,024 |
| Loss on disposal of assets, net | | | 90 | | | 34 |
| Impairment of operating lease right-of-use assets | | | 2,805 | | | 926 |
| General and administrative | | 12,542 | | 12,957 | ||
| Salaries and Benefits | | | 7,540 | | | 7,954 |
| Total operating expenses | | 25,626 | | 31,887 | ||
| Operating loss | | (16,707) | | (28,206) | ||
| Interest income, net | | 380 | | 448 | ||
| Foreign exchange loss | | | (259) | | | (738) |
| Gain on investments, realized and unrealized | | | 356 | | | 857 |
| Other non-operating expense, net | | (211) | | (355) | ||
| Loss before income taxes | | (16,441) | | (27,994) | ||
| Income tax expense | | (49) | | (35) | ||
| Net loss | | | (16,490) | | | (28,029) |
| Net loss (income) attributable to noncontrolling interests | | (363) | | 288 | ||
| Net loss attributable to XWELL, Inc. | | $(16,853) | | $(27,741) | ||
| Net loss | | | (16,490) | | | (28,029) |
| Other comprehensive loss from operations | | 69 | | (1,279) | ||
| Comprehensive loss | | $(16,421) | | $(29,308) | ||
| Loss per share | | | ||||
| Basic and diluted loss per share | | $(3.66) | | $(6.64) | ||
| Weighted-average number of shares outstanding during the year | | | ||||
| Basic | | 4,610,940 | | 4,175,220 | ||
| Diluted | | 4,610,940 | | 4,175,220 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.