XSPA - XPresSpa Group falls 16% after earnings

Shares of XpresSpa Group (XSPA) fall after the company falls short of Q4 revenue estimates with a tally of just $300K. Cost of sales decreased to $2.4M in the quarter from $9.2M a year ago. The decrease was due to the reduction in variable costs associated with the decline in XpresSpa spa revenues and decreases in occupancy costs as a result of rent concessions received from airports. "Over the past few weeks, we have been encouraged by rising patient testing volumes and increased average revenue per patient at our XpresCheck Wellness Centers,' says XPresSpa CEO Doug Satzman. XSPA -15.76% premarket to $1.55 vs. the 52-week trading range of $0.48 to $8.82.

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XPresSpa Group falls 16% after earnings