Xwell Q2 FY26 revenue falls 7% to $7.15 million; general and administrative expenses rise to $4.65 million - XWEL News | RalliesXwell Q2 FY26 revenue falls 7% to $7.15 million; general and administrative expenses rise to $4.65 million
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XWEL• Asset sale and business focus
- Xwell agreed to sell XpresSpa and XpresTest for about $13 million, aiming to focus on non-airport wellness operations; closing targeted in Q4 2026.
Quarterly results and operating expenses
- Xwell posted revenue of $7.15 million for the quarter ended June 30, 2026, down 7%.
- Cost of sales fell 29% to $4.2 million, lifting gross profit to $2.95 million.
- General and administrative expenses rose 8.64% to $4.65 million, on higher legal costs tied to the July 2026 purchase agreement.
- Cash and cash equivalents totaled $11.78 million at June 30, 2026; working capital swung to a $8.47 million surplus.
