Many investors are now interested in the fast growing health and wellness sector and there are many companies to choose from as well. This morning investors could consider taking a look at the travel health and wellness firm XpresSpa Group Inc (NASDAQ:XSPA).
Last Friday, the stock was experienced heavy action in the markets despite there being no fresh news about the company and ended the day with gains of as much as 13%. It is likely that the stock is going to come into focus this morning as well. Earlier on in the month on August 16 the company announced that it filed its financial results for the second fiscal quarter that ended on June 30, 2021.
The Chief Executive Officer of the company, Doug Satzman, noted that XpresSpa managed to generate total revenues of as much as $9.1 million.
More importantly, the bulk of the revenues was generated by XpresCheck, which brought in as much as $8.7 million. However, that was not all. The company also managed to reduce its loss on adjusted EBITDA basis on a year on year basis. In addition to that, the net losses were reduced as well. Hence, the optimism about the prospects of XpresSpa is understandable at this point.