Filing Flows › Xwell (XWEL) › Q4 2024
Xwell (XWEL) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Xwell (XWEL) reported revenue of $7.5M for the fourth quarter 2024 (Q4 2024), +0.9% from a year earlier and -11% from the quarter before. Operating margin was -102.7%, net loss $7.6M (102.3% of revenue).
Xwell, Q4 2024: revenue $7.5M (+0.9% year over year), operating margin -102.7%, net loss $7.6M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | -11% | +0.9% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$7.6M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $7.5M in Q4 2024, up 1% year over year and down 11% from the previous quarter. XpresSpa was the largest line at 60% of revenue.
Gross margin was 15.0%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $7.7M, an operating margin of -102.7%. Operating expenses grew 47% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+79%). The quarter ended with a net loss of $7.6M, wider than the previous quarter's $4.7M loss. Minority interests bore $41K of it: to shareholders the quarter was a loss of $7.6M.
Operating cash flow was −$3.5M. Non-cash charges added back $233K of depreciation and amortization and $75K of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $729K exceeded it, leaving free cash flow of −$4.2M.
Questions
What was Xwell's revenue in the fourth quarter 2024?
Xwell (XWEL) reported revenue of $7.5M for the fourth quarter 2024 (Q4 2024), +0.9% from a year earlier and -11% from the quarter before.
Was Xwell profitable in the fourth quarter 2024?
Operating loss was $7.7M (-102.7% of revenue) and net loss $7.6M.
Source: Xwell 10-K on SEC EDGAR.