XSPA is another company that relies on the airline industry. Currently, it is in the process of reinventing itself by becoming the COVID testing solution for major airports. If we can assume that the virus is not going away and XSPA keeps expanding to as many airports as possible, then there might be a future for this beat down stock.
In August, XSPA raised $35M in order to buy 100 ID NOW testing units from Abbot Labs. These will be used for their expansion plans.
At the onset of the pandemic, there were a lot of scam companies announcing COVID plans with no real intention to follow through. XSPA is one of the few that have followed through with what they outlined in March.
In August, XSPA raised $35M in order to buy 100 ID NOW testing units from Abbot Labs. These will be used for their expansion plans.
At the onset of the pandemic, there were a lot of scam companies announcing COVID plans with no real intention to follow through. XSPA is one of the few that have followed through with what they outlined in March.