XWELL, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.2M | $33.9M | $30.1M | $55.9M | $73.7M | $8.4M | $48.5M | $50.1M |
| Cost of Revenue | $21.7M | $25.0M | $26.4M | $43.9M | $41.4M | $12.0M | $37.9M | $39.5M |
| Gross Profit | $7.5M | $8.9M | $3.7M | $12.0M | $32.3M | $-3.6M | $10.7M | $10.6M |
| Gross Margin | 25.7% | 26.3% | 12.2% | 21.5% | 43.9% | -42.9% | 22.0% | 21.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $16.0M | $20.1M | $13.0M | $21.2M | $24.2M | $15.9M | $14.3M | $16.2M |
| Operating Income | $-15.7M | $-16.7M | $-28.2M | $-31.2M | $4.1M | $-40.1M | $-15.9M | $-34.7M |
| Operating Margin | -53.6% | -49.3% | -93.7% | -55.7% | 5.6% | -478.3% | -32.7% | -69.3% |
| Interest Expense | $41.0K | — | — | — | — | — | $2.9M | $1.8M |
| Pretax Income | $-16.1M | $-16.4M | $-28.0M | $-32.6M | $2.9M | $-92.2M | $-20.7M | $-35.9M |
| Income Tax Expense | $29.0K | $49.0K | $35.0K | $55.0K | $56.0K | $7.0K | $-146.0K | $-278.0K |
| Net Income | $-17.0M | $-16.9M | $-27.7M | $-32.8M | $3.3M | $-90.5M | $-21.2M | $-37.2M |
| Net Margin | -58.2% | -49.7% | -92.1% | -58.7% | 4.5% | -1,079.2% | -43.7% | -74.3% |
| EPS (Basic) | $-5.08 | $-3.66 | $-6.64 | $-7.01 | $0.03 | $-1.03 | $-0.24 | $-0.47 |
| EPS (Diluted) | $-5.08 | $-3.66 | $-6.64 | $-7.01 | $0.03 | $-1.03 | $-0.24 | $-0.47 |
| Shares Outstanding (Basic) | 5.6M | 4.6M | 4.2M | 4.7M | 104.3M | 89.1M | 88.3M | 78.5M |
| Shares Outstanding (Diluted) | 5.6M | 4.6M | 4.2M | 4.7M | 105.1M | 89.1M | 88.3M | 78.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |