XWELL, Inc. FY23 Revenue $30.1M Vs $55.9M YoY
Portfolio Pulse from Benzinga Newsdesk
XWELL, Inc. reported a significant decrease in revenue for the fiscal year 2023, with total revenue dropping to $30.1 million from $55.9 million in the previous year.
April 16, 2024 | 8:38 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
XWELL, Inc.'s fiscal year 2023 revenue fell to $30.1 million from $55.9 million the previous year, indicating a significant decrease in financial performance.
The substantial decrease in revenue for XWELL, Inc. during the fiscal year 2023 compared to the previous year suggests a significant downturn in the company's financial performance. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100