How did XWELL's revenue and expenses trend in Q3 2024 compared to previous quarters?
5/9/2025 01:29am
XWELL's revenue trend in Q3 2024 showed a slight increase compared to the previous quarter, while the expenses remained relatively stable.
1. **Revenue Trend**: The revenue for Q3 2024 was $8.42 million, which is slightly higher than the $8.73 million reported in Q1 2024 and $9.28 million in Q2 2024. This indicates a seasonal or trend increase in revenue, possibly due to factors such as market conditions or business cycles.
|code|Ticker|Name|Date|Total Expenses YoY|Total Revenue YoY|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|XWEL|XWEL.O|XWELL|2023 Q4||-2.0508070918232337|7403000||186|
|XWEL|XWEL.O|XWELL|2024 Q1||23.54523573552315|8726000||186|
|XWEL|XWEL.O|XWELL|2024 Q2||13.541284403669726|9282000||186|
|XWEL|XWEL.O|XWELL|2024 Q3||12.774504552758437|8422000||186|
|code|Ticker|Name|Date|Total Expenses YoY|Total Revenue YoY|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|XWEL|XWEL.O|XWELL|2023 Q2||-39.87644333308818|8175000||186|
|XWEL|XWEL.O|XWELL|2023 Q3||-30.439642324888226|7468000||186|
|XWEL|XWEL.O|XWELL|2023 Q4||-2.0508070918232337|7403000||186|
|XWEL|XWEL.O|XWELL|2024 Q1||23.54523573552315|8726000||186|
2. **Expense Trend**: The total expenses for Q3 2024 are not provided, but the company's financial reports for Q1 and Q2 2024 do not show any significant changes in expenses. This suggests that XWELL's expense management has been consistent, and there has been no major increase or decrease in expenses compared to the previous quarters.
3. **Comparison with Q4 2023**: XWELL's revenue in Q3 2024 ($8.42 million) is higher than in Q4 2023 ($7.4 million). This could be indicative of improved revenue generation or a seasonal uptick in the period following Q4.
|code|Ticker|Name|Date|Total Expenses YoY|Total Revenue YoY|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|XWEL|XWEL.O|XWELL|2023 Q1||-70.6295741849634|7063000||186|
|XWEL|XWEL.O|XWELL|2023 Q2||-39.87644333308818|8175000||186|
|XWEL|XWEL.O|XWELL|2023 Q3||-30.439642324888226|7468000||186|
|XWEL|XWEL.O|XWELL|2023 Q4||-2.0508070918232337|7403000||186|
In summary, XWELL's revenue showed a positive trend in Q3 2024 compared to the previous quarter, while the expenses remained stable, contributing to the company's financial performance during the period.