XWELL Q3 Total Revenue $7.5M vs $9.32M Est.
Portfolio Pulse from Benzinga Newsdesk
XWELL reported Q3 total revenue of $7.5M, which is below the estimated $9.32M.
November 14, 2023 | 10:45 pm
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NEGATIVE IMPACT
XWELL's Q3 revenue of $7.5M missed the estimated $9.32M, indicating potential negative market reaction.
Revenue misses are typically taken negatively by the market as they reflect weaker than expected financial performance. XWELL's significant miss may lead to a decrease in investor confidence and a potential drop in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100