Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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<div><div><div><ul style="list-style-type: disc;"><li><p>XWELL reported sequential top-line growth and continued expense reduction, with revenues up 15% and expenses down 13% sequentially, thus continuing on its way toward a return to profitability.</p></li><li><p>XWELL now has 26 domestic stores and 10 international stores, with at least one additional international location set to open for the remainder of the year.</p></li><li><p>XWELL is finding that post COVID, the sweet spot for its stores might be a smaller footprint and more automated services, such as the automated massage chairs and the autonomous manicure machines. </p></li></ul></div></div></div>

XWELL reported sequential top-line growth and continued expense reduction, with revenues up 15% and expenses down 13% sequentially, thus continuing on its way toward a return to profitability.XWELL now has 26 domestic stores and 10 international stores, with at least one additional international location set to open for the remainder of the year.XWELL is finding that post COVID, the sweet spot for its stores might be a smaller footprint and more automated services, such as the automated massage chairs and the autonomous manicure machines. 

XWELL, Inc. - 2Q23 Results; Company Making Progress Toward Return to Profitability