Brief: Xwell Announces Plans To File Form 12B-25 To Extend Filing Date Of Its Form 10-K And Provides Preliminary Fy2022 Operating Update

XWELL

30/03/2023 22:25

March 30 (Reuters) - XWELL Inc  XWEL.O :
    * XWELL ANNOUNCES PLANS TO FILE FORM 12B-25 TO EXTEND FILING
DATE
OF ITS FORM 10-K AND PROVIDES PRELIMINARY FY2022 OPERATING
UPDATE
    * XWELL - PLANS TO FILE A FORM 12B-25 WITH U.S. SEC
REGARDING ITS
ANNUAL REPORT ON FORM 10-K FOR YEAR ENDED DECEMBER 31, 2022
    * XWELL INC - REQUIRES ADDITIONAL TIME TO COMPLETE A REVIEW
TO
ASSESS AMOUNT OF A NON-CASH IMPAIRMENT CHARGE REQUIRED FOR Q4 OF
2022
    * XWELL INC - FISCAL YEAR 2022 TOTAL REVENUE IS PROJECTED TO
TOTAL
APPROXIMATELY $56 MILLION
    * XWELL INC - COST OF SALES FOR FISCAL YEAR 2022 IS
PROJECTED TO
INCREASE TO $44 MILLION FROM $41 MILLION IN PRIOR YEAR

Source text for Eikon:  ID:nGNX7P3p8M 
Further company coverage:  XWEL.O 

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