XpresSpa Group, Inc. (XSPA) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET

Company Participants

Omar Haynes - Interim CFO

Scott Milford - CEO

Joseph Calabrese - IR

Conference Call Participants

Operator

Good day, and welcome to XpresSpa Group's Second Quarter 2022 Results Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Omar Haynes. Please go ahead.

Omar Haynes

Good day, everyone. Welcome to our conference call to review XpresSpa Group's second quarter 2022 operating results. Joining me in today's call is Scott Milford, XpresSpa Group's Chief Executive Officer. We have posted our second quarter earnings release on the Investors Relations section of our website, located at www.expressbygroup.com. A link to the webcast of today's conference call can also be found on our site.

Before turning the call over to Scott for his prepared remarks, we need to advise you of the following. Comments made on today's call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current assumptions and opinions that involve a revised variety of known and unknown risks and uncertainties. Actual results may differ materially from those contained in or suggested by such forward-looking statements. Important factors that may cause such differences include those set forth from time to time in our SEC filings, including our report on Form 10-K for the year ended December 31, 2021, as well as other current and periodic reports that we file with the SEC.

With that said, I'd now like to turn the call over to Scott.

Scott Milford

Thank you, Omar, and thank you, everyone, for joining us. We appreciate your interest in XpresSpa Group.

I'd like to begin today's meeting by updating you on the progress we're making, pivot our business for growth in a post-COVID world. I'll then turn it back over to Omar to review our financial results before we open the call for some Q&A.

As I've mentioned on our prior calls this year, our vision is to transform XpresSpa Group as a leading health and wellness provider for people on the go. Part of this transformation is positioning our business for sustainable long-term growth. We're also moving forward with a strategic rebranding. We've selected a new name, designed a new visual identity in logo and reserved a new ticker symbol with the NASDAQ. The rebrand campaign will launch in Q4 once we have cleared the necessary legal requirements. Having said that, we continue to make steady progress on executing against our four core transformational imperatives.