NASDAQ : XWEL
XWELL, Inc. — Financial statements
Healthcare · Diagnostics & Research · United States
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Financial statements
XWELL, Inc. (XWEL) reported revenue of 28.28M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 28.28M | 29.21M | 33.90M | 30.11M | 55.93M | 73.72M |
| Other Revenue | 6.00K | 14.00K | ||||
| Revenue | 28.28M | 29.21M | 33.90M | 30.11M | 55.94M | 73.73M |
| Cost of Revenue | 18.57M | 21.70M | 24.98M | 26.43M | 43.89M | 41.38M |
| Gross Profit | 9.71M | 7.51M | 8.92M | 3.68M | 12.05M | 32.34M |
| Selling, General & Admin | 19.66M | 16.00M | 20.08M | 20.91M | 31.17M | 24.20M |
| Operating Expenses | 20.50M | 16.86M | 21.02M | 22.98M | 36.60M | 27.40M |
| Operating Income | -10.79M | -9.36M | -12.10M | -19.30M | -24.55M | 4.94M |
| Interest Expense | -32.00K | |||||
| Interest & Investment Income | 457.00K | 661.00K | 380.00K | 448.00K | 384.00K | 43.00K |
| Currency Exchange Gain (Loss) | 523.00K | -654.00K | -259.00K | -738.00K | -664.00K | -18.00K |
| Other Non Operating Income (Expenses) | -6.10M | -475.00K | -211.00K | -301.00K | -513.00K | -138.00K |
| EBT Excluding Unusual Items | -15.94M | -9.82M | -12.19M | -19.89M | -25.34M | 4.83M |
| Impairment of Goodwill | -1.39M | -1.39M | -4.02M | |||
| Gain (Loss) on Sale of Investments | 173.00K | 61.00K | 356.00K | 803.00K | -618.00K | -1.04M |
| Gain (Loss) on Sale of Assets | -279.00K | -40.00K | -90.00K | -34.00K | -834.00K | -22.00K |
| Asset Writedown | -4.88M | -4.88M | -4.52M | -4.85M | -5.78M | -815.00K |
| Pretax Income | -22.32M | -16.08M | -16.44M | -27.99M | -32.57M | 2.95M |
| Income Tax Expense | 46.00K | 29.00K | 49.00K | 35.00K | 55.00K | 56.00K |
| Earnings From Continuing Operations | -22.36M | -16.11M | -16.49M | -28.03M | -32.63M | 2.89M |
| Net Income to Company | -22.36M | -16.11M | -16.49M | -28.03M | -32.63M | 2.89M |
| Minority Interest in Earnings | -1.08M | -885.00K | -363.00K | 288.00K | -208.00K | 456.00K |
| Net Income | -23.45M | -16.99M | -16.85M | -27.74M | -32.84M | 3.35M |
| Preferred Dividends & Other Adjustments | 9.88M | 11.24M | ||||
| Net Income to Common | -33.32M | -28.23M | -16.85M | -27.74M | -32.84M | 3.35M |
| Shares Outstanding (Basic) | 6.86M | 5.56M | 4.61M | 4.18M | 4.68M | 5.22M |
| Shares Outstanding (Diluted) | 6.86M | 5.56M | 4.61M | 4.18M | 4.68M | 5.25M |
| EPS (Basic) | -4.86 | -5.08 | -3.66 | -6.64 | -7.01 | 0.64 |
| EPS (Diluted) | -4.86 | -5.08 | -3.66 | -6.64 | -7.01 | 0.60 |
| Free Cash Flow | -13.48M | -11.68M | -12.79M | -17.98M | -30.65M | 10.28M |
| Free Cash Flow Per Share | -1.96 | -2.10 | -2.77 | -4.31 | -6.55 | 1.96 |
| Gross Margin | 34.35% | 25.70% | 26.31% | 12.23% | 21.54% | 43.87% |
| Operating Margin | -38.13% | -32.03% | -35.70% | -64.08% | -43.89% | 6.71% |
| Profit Margin | -117.83% | -96.66% | -49.72% | -92.14% | -58.70% | 4.54% |
| Free Cash Flow Margin | -47.65% | -39.98% | -37.73% | -59.71% | -54.80% | 13.94% |
| EBITDA | -9.94M | -8.49M | -11.16M | -17.23M | -19.12M | 8.14M |
| EBITDA Margin | -35.15% | -29.08% | -32.93% | -57.23% | -34.18% | 11.05% |
| D&A For EBITDA | 844.00K | 862.00K | 938.00K | 2.06M | 5.43M | 3.20M |
| EBIT | -10.79M | -9.36M | -12.10M | -19.30M | -24.55M | 4.94M |
| EBIT Margin | -38.13% | -32.03% | -35.70% | -64.08% | -43.89% | 6.71% |
| Effective Tax Rate | 1.90% | |||||
| Revenue as Reported | 28.28M | 29.21M | 33.90M | 30.11M | 55.94M | 73.73M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.78M | 2.62M | 4.55M | 8.44M | 19.04M | 105.51M |
| Short-Term Investments | 7.00K | 7.25M | 14.61M | 23.15M | ||
| Cash & Short-Term Investments | 11.78M | 2.62M | 11.80M | 23.05M | 42.19M | 105.51M |
| Accounts Receivable | 1.82M | 1.56M | 1.79M | 1.67M | 2.86M | 615.00K |
| Receivables | 1.82M | 1.56M | 1.79M | 1.67M | 2.86M | 615.00K |
| Inventory | 391.00K | 509.00K | 501.00K | 900.00K | 1.16M | 1.76M |
| Prepaid Expenses | 1.06M | 1.22M | 1.19M | 894.00K | 1.07M | 1.05M |
| Other Current Assets | 89.00K | 56.00K | 55.00K | 48.00K | 48.00K | |
| Total Current Assets | 15.14M | 5.91M | 15.34M | 26.57M | 47.33M | 108.98M |
| Property, Plant & Equipment | 2.44M | 2.70M | 5.22M | 7.11M | 11.94M | 10.99M |
| Long-Term Investments | 50.00K | 104.00K | 722.00K | |||
| Goodwill | 1.39M | 1.37M | 4.02M | |||
| Other Intangible Assets | 20.00K | 101.00K | 1.02M | 1.35M | 4.01M | 3.73M |
| Other Long-Term Assets | 2.92M | 2.50M | 2.38M | 2.54M | 3.02M | 2.84M |
| Total Assets | 20.53M | 11.22M | 25.35M | 38.99M | 70.43M | 127.27M |
| Accounts Payable | 1.62M | 2.84M | 1.61M | 1.10M | 2.31M | 5.54M |
| Accrued Expenses | 1.82M | 2.08M | 3.01M | 3.51M | 3.69M | 4.55M |
| Short-Term Debt | 3.59M | |||||
| Current Portion of Long-Term Debt | 3.58M | |||||
| Current Portion of Leases | 1.69M | 1.86M | 2.38M | 2.40M | 2.59M | 2.74M |
| Current Income Taxes Payable | 500.00K | 527.00K | 571.00K | 501.00K | 573.00K | 603.00K |
| Current Unearned Revenue | 1.04M | 1.46M | 1.65M | 1.37M | 835.00K | 1.04M |
| Other Current Liabilities | 538.00K | 449.00K | 963.00K | 1.77M | ||
| Total Current Liabilities | 6.67M | 12.89M | 9.22M | 9.33M | 10.96M | 19.83M |
| Long-Term Leases | 5.61M | 7.04M | 8.39M | 8.69M | 11.52M | 7.50M |
| Other Long-Term Liabilities | 3.87M | |||||
| Total Liabilities | 12.27M | 23.80M | 17.61M | 18.02M | 22.48M | 27.33M |
| Common Stock | 84.00K | 61.00K | 53.00K | 42.00K | 42.00K | 1.01M |
| Additional Paid-In Capital | 502.96M | 468.92M | 473.82M | 470.74M | 468.53M | 487.31M |
| Retained Earnings | -503.14M | -489.70M | -472.71M | -455.85M | -428.11M | -395.27M |
| Comprehensive Income & Other | -1.76M | -1.54M | -1.96M | -1.92M | -534.00K | -312.00K |
| Total Common Equity | -1.85M | -22.26M | -788.00K | 13.00M | 39.93M | 92.73M |
| Minority Interest | 10.11M | 9.46M | 8.53M | 7.97M | 8.02M | 7.20M |
| Shareholders' Equity | 8.25M | -12.58M | 7.74M | 20.97M | 47.95M | 99.94M |
| Total Liabilities & Equity | 20.53M | 11.22M | 25.35M | 38.99M | 70.43M | 127.27M |
| Total Debt | 7.29M | 12.49M | 10.77M | 11.09M | 14.11M | 13.82M |
| Net Cash (Debt) | 4.49M | -9.86M | 1.03M | 11.96M | 28.08M | 91.68M |
| Net Cash Per Share | 0.65 | -1.77 | 0.22 | 2.86 | 6.00 | 17.45 |
| Filing Date Shares Outstanding | 8.59M | 7.93M | 5.26M | 4.18M | 4.17M | 4.75M |
| Total Common Shares Outstanding | 8.47M | 6.07M | 5.26M | 4.18M | 4.16M | 5.06M |
| Working Capital | 8.47M | -6.98M | 6.11M | 17.24M | 36.38M | 89.15M |
| Book Value Per Share | -0.22 | -3.67 | -0.15 | 3.11 | 9.59 | 18.31 |
| Tangible Book Value | -1.87M | -22.36M | -3.20M | 10.28M | 31.89M | 89.00M |
| Tangible Book Value Per Share | -0.22 | -3.68 | -0.61 | 2.46 | 7.66 | 17.58 |
| Machinery | 1.22M | 1.50M | 1.08M | 1.50M | 1.97M | 2.17M |
| Leasehold Improvements | 4.10M | 6.09M | 4.57M | 5.85M | 8.69M | 11.22M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -23.45M | -16.99M | -16.85M | -27.74M | -32.84M | 3.35M |
| Depreciation & Amortization | 1.43M | 1.78M | 2.27M | 3.55M | 7.27M | 4.92M |
| Loss (Gain) From Sale of Assets | 268.00K | 29.00K | 90.00K | 34.00K | 834.00K | 22.00K |
| Asset Writedown & Restructuring Costs | 6.27M | 6.27M | 4.52M | 8.88M | 5.78M | 815.00K |
| Loss (Gain) From Sale of Investments | -173.00K | -60.00K | -356.00K | -823.00K | 618.00K | 1.05M |
| Stock-Based Compensation | 1.38M | 1.08M | 893.00K | 2.32M | 3.87M | 3.23M |
| Provision & Write-off of Bad Debts | -10.00K | 50.00K | ||||
| Other Operating Activities | 6.05M | 1.44M | -33.00K | -371.00K | 208.00K | -456.00K |
| Change in Accounts Receivable | -290.00K | 247.00K | -193.00K | 1.19M | -1.83M | -1.12M |
| Change in Inventory | 168.00K | -8.00K | 399.00K | 261.00K | 592.00K | -1.11M |
| Change in Accounts Payable | -99.00K | 1.21M | 387.00K | -488.00K | -3.25M | 6.69M |
| Change in Unearned Revenue | -328.00K | -17.00K | 281.00K | -289.00K | -933.00K | -365.00K |
| Change in Other Net Operating Assets | -2.49M | -3.69M | -2.46M | -2.59M | -4.51M | -2.46M |
| Operating Cash Flow | -11.27M | -8.71M | -11.01M | -16.07M | -24.19M | 14.56M |
| Capital Expenditures | -2.21M | -2.96M | -1.78M | -1.91M | -6.46M | -4.28M |
| Cash Acquisitions | -1.39M | -4.85M | 2.43M | |||
| Sale (Purchase) of Intangibles | -9.00K | -468.00K | -373.00K | -3.31M | ||
| Investment in Securities | 2.90M | 7.30M | 7.69M | 9.42M | -23.15M | |
| Investing Cash Flow | 689.00K | 4.33M | 5.89M | 5.65M | -34.84M | -5.16M |
| Long-Term Debt Repaid | -3.58M | -2.07M | ||||
| Total Debt Repaid | -3.58M | -2.07M | ||||
| Net Debt Issued (Repaid) | -3.58M | -2.07M | ||||
| Issuance of Common Stock | 1.36M | 17.10M | ||||
| Repurchase of Common Stock | -22.00K | -23.86M | -7.83M | |||
| Other Financing Activities | -245.00K | -264.00K | 30.00K | 69.00K | -854.00K | |
| Financing Cash Flow | 17.48M | 1.94M | 1.36M | 8.00K | -27.38M | 6.35M |
| Foreign Exchange Rate Adjustments | -76.00K | 6.00K | -136.00K | -185.00K | -60.00K | |
| Net Cash Flow | 6.83M | -2.43M | -3.89M | -10.60M | -86.47M | 15.76M |
| Free Cash Flow | -13.48M | -11.68M | -12.79M | -17.98M | -30.65M | 10.28M |
| Free Cash Flow Margin | -47.65% | -39.98% | -37.73% | -59.71% | -54.80% | 13.94% |
| Free Cash Flow Per Share | -1.96 | -2.10 | -2.77 | -4.31 | -6.55 | 1.96 |
| Levered Free Cash Flow | -8.15M | -5.10M | -6.30M | -8.38M | -17.84M | 8.29M |
| Unlevered Free Cash Flow | -8.13M | -5.10M | -6.30M | -8.38M | -17.84M | 8.29M |
| Cash Interest Paid | 10.00K | 11.00K | ||||
| Cash Income Tax Paid | 75.00K | 58.00K | 59.00K | 35.00K | 55.00K | |
| Change in Working Capital | -3.04M | -2.26M | -1.58M | -1.92M | -9.94M | 1.63M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.15M | 2.66M | 7.94M | 7.27M | 30.20M | 212.76M |
| Enterprise Value | 1.66M | 17.72M | 12.05M | 501.56K | 4.63M | 128.10M |
| Last Close Price | 0.72 | 0.46 | 1.51 | 1.74 | 7.26 | 40.40 |
| PE Ratio | 63.53 | |||||
| Forward PE | 10.59 | 10.59 | 10.59 | 10.59 | 16.83 | |
| PS Ratio | 0.22 | 0.09 | 0.23 | 0.24 | 0.54 | 2.89 |
| PB Ratio | 0.74 | -0.21 | 1.02 | 0.35 | 0.63 | 2.13 |
| P/TBV Ratio | 0.71 | 0.95 | 2.39 | |||
| P/FCF Ratio | 20.70 | |||||
| P/OCF Ratio | 14.61 | |||||
| EV/Sales Ratio | 0.06 | 0.61 | 0.36 | 0.02 | 0.08 | 1.74 |
| EV/EBITDA Ratio | 15.73 | |||||
| EV/EBIT Ratio | 25.91 | |||||
| EV/FCF Ratio | 12.46 | |||||
| Debt / Equity Ratio | 0.88 | -0.99 | 1.39 | 0.53 | 0.29 | 0.14 |
| Debt / EBITDA Ratio | 1.28 | |||||
| Debt / FCF Ratio | 1.34 | |||||
| Net Debt / Equity Ratio | -0.54 | -0.78 | -0.13 | -0.57 | -0.59 | -0.92 |
| Net Debt / EBITDA Ratio | 0.45 | -1.16 | 0.09 | 0.69 | 1.47 | -11.26 |
| Net Debt / FCF Ratio | 0.33 | -0.84 | 0.08 | 0.67 | 0.92 | -8.92 |
| Asset Turnover | 1.32 | 1.60 | 1.05 | 0.55 | 0.57 | 0.64 |
| Inventory Turnover | 39.05 | 42.98 | 35.66 | 25.65 | 30.02 | 34.20 |
| Quick Ratio | 2.04 | 0.33 | 1.47 | 2.65 | 4.11 | 5.35 |
| Current Ratio | 2.27 | 0.46 | 1.66 | 2.85 | 4.32 | 5.50 |
| Return on Equity (ROE) | -361.36% | -114.86% | -81.34% | -44.13% | 3.21% | |
| Return on Assets (ROA) | -31.37% | -31.98% | -23.51% | -22.04% | -15.52% | 2.68% |
| Return on Invested Capital (ROIC) | -403.18% | -371.49% | -153.89% | -133.62% | -174.62% | 68.30% |
| Return on Capital Employed (ROCE) | -77.80% | 558.60% | -75.00% | -65.00% | -41.30% | 4.60% |
| Earnings Yield | -679.09% | -639.41% | -212.34% | -381.45% | -108.71% | 1.57% |
| FCF Yield | -219.29% | -439.43% | -161.13% | -247.22% | -101.48% | 4.83% |
| Buyback Yield / Dilution | -32.23% | -20.58% | -10.44% | 10.84% | 10.87% | -135.77% |