Brief: Xpresspa Group Says Qtrly Reported Revenue Was $0.3 Million

XWELL

31/03/2021 21:36

March 31 (Reuters) - XpresSpa Group Inc  XSPA.O :
    * XPRESSPA GROUP PROVIDES BUSINESS UPDATE AND ANNOUNCES
FOURTH
QUARTER 2020 FINANCIAL RESULTS
    * XPRESSPA GROUP INC - QTRLY REPORTED REVENUE WAS $0.3
MILLION
COMPARED TO $10.9 MILLION IN CORRESPONDING PERIOD IN 2019
    * XPRESSPA GROUP INC - DECREASE IN REVENUE WAS DUE TO
NEGATIVE
ADVERSE IMPACT OF COVID-19
    * XPRESSPA GROUP - GIVEN LIMITED AIRPORT TRAFFIC &CHANGES IN
CONSUMER BEHAVIOR DUE TO PANDEMIC, REOPENED LOCATIONS HAVE
UNDERPERFORMED
    * XPRESSPA GROUP INC - DOES NOT ANTICIPATE REOPENING OTHER
SPAS
FOR TRADITIONAL SERVICES IN NEAR-TERM

Source text for Eikon:  ID:nGNXcfLvK8 
Further company coverage:  XSPA.O 

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