Everyone across the globe had to find their own way of dealing with the pandemic and XpresSpa (XSPA) came up with a novel solution; the company turned its closed airport wellness business into Covid-19 testing centers. It’s an idea that has evidently borne fruit; following the company’s impressive 3Q21 results, H.C. Wainwright’s Scott Buck thinks investors should “use the current dislocation in share price to accumulate XSPA shares ahead of improving operating results and news flow.” In the quarter, the company generated revenue of $26.8 million, far above Buck’s $10 million estimate. Gross margin, or store margin, hit 49.
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XpresSpa (NASDAQ:XSPA)
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XpresSpa (NASDAQ:XSPA)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more XpresSpa Charts.