XWELL Inc Stock Price, News & Analysis

XWELL (Nasdaq: XWEL) announced the grand opening of its first non-airport wellness center in Clearwater, Florida on July 25, 2025. The new location, situated in Tri City Plaza, will offer facial treatments, waxing services, and skincare consultations, with plans to expand into massages, injectables, IV therapy, and compression services.

The opening event will feature live facial demonstrations from SkinMedica, PCA Skin, and DiamondGlow by Allergan, along with complimentary skin analysis and product sampling. The company will introduce a flexible membership model valid at both the new location and airport facilities nationwide, and offer a 15% Plaza Discount for local workers.

XWELL (Nasdaq: XWEL), a wellness solutions provider, has achieved recognition as one of Yelp's Most Loved Airport Brands, ranking 10th out of 25 brands based on U.S. traveler reviews. The company is expanding beyond airports with new locations planned in Clearwater, Florida and New York's Penn Station this summer.

The company has also secured a multi-year partnership with the Orlando Magic as their "Official Wellness Spa." XWELL plans further expansion through strategic partnerships with federal institutions and aims to extend wellness access across rural and metropolitan regions.

XWELL (XWEL) has been named the Official Wellness Spa of the Orlando Magic in a new multiyear partnership, marking a strategic expansion beyond airports into local markets. The company, which currently operates Xpres Spa at Orlando International Airport, will receive extensive brand integration across Magic's platforms including LED signage during home games, digital presence, and special events. The partnership includes sponsored sweepstakes, radio promotions, on-court contests, and a co-branded wellness event featuring Magic alumni and entertainment teams. This collaboration aligns with XWELL's growth strategy in Florida, focusing on expanding its medspa footprint and building community connections. The partnership will launch with a co-branded campaign offering fans exclusive discounts and opportunities to win spa treatments.

XWELL (NASDAQ: XWEL) has expanded its partnership with Priority Pass to offer enhanced wellness services at airport spa locations across the United States. The collaboration provides Priority Pass members access to an expanded menu of relaxation and wellness treatments, including Zero-Gravity Massage Chairs, HydroMassage, Relaxation Loungers, CERAGEM Therapeutic Massager, and Chakra Bed services. These offerings are available at all Xpres Spa locations except Austin-Bergstrom International Airport (AUS). The initiative aligns with XWELL's mission to integrate restorative experiences into travel journeys, making wellness services more accessible to frequent flyers.

XWELL (NASDAQ: XWEL) reported Q1 2025 results with revenue of $7.0 million, down from $8.7 million in Q1 2024. The company's revenue breakdown includes $4.3 million from XpresSpa, $2.2 million from XpresTest, and $552,000 from Naples Wax Center. Operating loss widened to $3.2 million from $2.4 million year-over-year, while net loss increased to $4.7 million. Key developments include securing a three-year extension of CDC's Traveler-based Genomic Surveillance Program and completing a $4 million private placement in January 2025. The company maintains a solid financial position with $3.7 million in cash and $7.3 million in marketable securities. XWELL continues its expansion plans, including new Naples Wax Center locations in Florida and an upcoming XWELL location in NYC's Penn Station.

XWELL (XWEL) reported its fiscal year 2024 results, showing significant improvements in financial performance. Revenue grew 13% to $33.9 million, with gross margin more than doubling from 12.2% to 26.3%. The company achieved notable cost reductions, decreasing total operating expenses by 19% year-over-year.

Key developments include a three-year extension of its CDC partnership for the Traveler-based Genomic Surveillance Program, valued at $53.7 million base with an $85.7 million ceiling. XWELL expanded beyond airports with a new Naples Wax Center in Florida and secured a $4 million private placement in January 2025.

The company operates 18 domestic and 10 international XpresSpa locations, with plans to open 6 additional Naples Wax Center locations across Florida in 2025. Financial position shows $4.6 million in cash and $7.3 million in marketable securities, with no long-term debt. Operating loss improved to ($16.7) million from ($28.2) million in the previous year.

XWELL (Nasdaq: XWEL) has announced plans to acquire medical spas by the end of 2025, supported by a recent $4 million private placement. The company will initially target metropolitan areas including Orlando, Austin, and Salt Lake City.

The expansion aims to extend XWELL's wellness services beyond airports into the high-growth beauty and wellness sector. The company plans to offer various treatments including:

• Facial aesthetics and skin care treatments
• Injectables and fillers
• Body sculpting
• Laser therapies
• Massage and relaxation therapies
• Wellness and recovery services
• Weight loss management

This strategic move aligns with XWELL's mission to 'liberate wellness' by creating a comprehensive care continuum and establishing a nationwide presence in beauty and wellness services.

XWELL (Nasdaq: XWEL) has closed a private placement offering of $4 million, consisting of Series G Convertible Preferred Stock and warrants. The offering includes 4,000 shares of Series G Convertible Preferred Stock with a $1.496 initial conversion price, along with Series A warrants (exercise price $1.496) and Series B warrants (exercise price $1.7952), both exercisable immediately with a five-year expiration.

The company plans to use the net proceeds for working capital and general corporate purposes, specifically focusing on developing AI-driven health, wellness, and beauty products, expanding XWELL locations beyond airports, and enhancing integrated branding efforts. This aligns with the strategy outlined in their December 5, 2024 shareholder letter.

The securities were sold in transactions exempt from Securities Act registration requirements. XWELL has agreed to file a registration statement for the resale of common stock issuable upon conversion of the preferred stock and warrant exercise, subject to stockholder approval.

XWELL Inc (Nasdaq: XWEL) announced key leadership changes to support its strategic growth. Ian Brown has been appointed as the new Chief Financial Officer effective January 6, 2025, replacing Suzanne Scrabis. Brown will receive stock options for 37,000 shares, vesting quarterly over one year.

The company also appointed Peter Vermeulen as Head of Human Resources and Mike Heronime as Marketing Director, both in fractional roles. These appointments align with XWELL's strategy to maintain agility while pursuing profitability.

Brown brings 25+ years of operational finance experience, Vermeulen offers 25+ years of global HR expertise from companies like TeleSign and Amazon, while Heronime contributes 25+ years of strategic marketing experience, including work with Fortune 500 companies.