XWELL ( (XWEL) ) has released a notification of late filing.
XWELL, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The company cites the need for additional time to compile and analyze supporting documentation as the primary reason for the delay. XWELL anticipates filing the report within fifteen calendar days following the original deadline. The company expects to report a total revenue increase to approximately $33.9 million for 2024, with significant contributions from its XpresTest and Naples Wax segments. However, it also anticipates a total impairment loss of around $4.5 million. The notification includes forward-looking statements, highlighting potential risks and uncertainties that could affect actual results. XWELL is committed to ongoing compliance efforts, as indicated by the signature of CEO Ezra T. Ernst on the notification.
More about XWELL
YTD Price Performance: -32.21%
Average Trading Volume: 44,637
Technical Sentiment Signal: Buy
Current Market Cap: $5.52M
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