Street Calls of the Week
Xwell, Inc. (NASDAQ:XWEL), a micro-cap company with a market value of $5.75 million, announced Thursday that it has canceled its 2025 annual meeting of stockholders, which had previously been adjourned to Friday. The company, which according to InvestingPro data is quickly burning through cash, also stated it is withdrawing all proposals that were set to be considered at the meeting, according to a statement released in a filing with the Securities and Exchange Commission.
The annual meeting was originally convened on September 16, 2025, and then adjourned to October 10, 2025. Xwell said it will reschedule the shareholder meeting at a later date and intends to file a new proxy statement with the SEC in connection with the rescheduled event. The company’s next earnings report is scheduled for November 14, with InvestingPro analysis revealing several additional key insights about the company’s financial health (unlock 5+ more ProTips with InvestingPro).
Xwell’s common stock is listed on the Nasdaq Stock Market under the ticker symbol XWEL.
The information in this article is based on a press release statement included in the company’s SEC filing.
In other recent news, ExWell reported its financial results for the second quarter of 2025, noting a revenue increase to $7.7 million from $7.0 million in the previous quarter. Despite the revenue growth, ExWell experienced an operating loss of $2.7 million and a net loss of $2.3 million. These financial results highlight ongoing challenges for the company, as it continues to face losses despite increased revenue. Additionally, XWELL, Inc. has adjourned its 2025 Annual Meeting of Stockholders to provide shareholders additional time to consider and vote on company proposals. The meeting will reconvene virtually on October 10, 2025. This development allows shareholders more time to assess the company’s current situation and future direction. The record date for determining eligible voters remains July 25, 2025.
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