Xcel Brands (NASDAQ:XELB) reported quarterly losses of $(0.09) per share which beat the analyst consensus estimate of $(0.18) by 50 percent. The company reported quarterly sales of $2.184 million which missed the analyst consensus estimate of $2.200 million by 0.70 percent.
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Net income of $0.2 million for the quarter compared with a net loss of $3.5 million for the prior year quarter, which included a $3.8 million gain on the divestiture of the Lori Goldstein brand.Net licensing revenues grew 16% from the second quarter of 2023, driven by new licenses and new brand launches.Direct Operating Costs and Expenses of $3.1 million for the quarter, a reduction of $2.1 million or 40% from the prior year's quarter.Adjusted EBITDA for the quarter approaches break-even for the quarter, compared with Adjusted EBITDA of negative $1.3 million for the prior year quarter. NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ:XELB) ("Xcel" or the "Company"), a
NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ:XELB) ("Xcel" or the "Company") today announced that it will report its second quarter 2024 financial results on August 14, 2024. The Company will hold a conference call with the investment community on August 14, 2024, at 9:30 a.m. ET. A webcast of the conference call will be available live on the Investor Relations section of Xcel's website at https://xcelbrands.co/pages/events-and-presentations or directly at https://edge.media-server.com/mmc/p/ak4caro7. Interested parties unable to access the conference call via the webcast may dial 800-715-9871 or 646-307-1963 and use the Conference ID 7639516. A replay of the web
Net Licensing Revenues flat year-over-year at $2.2 million for the quarter.Direct Operating Costs and Expenses of $4.0 million for the quarter, a reduction of $3.0 million or 43% from the prior year quarter.GAAP net loss of $6.3 million for the quarter, compared with GAAP net loss of $6.0 million in the prior year quarter.Adjusted EBITDA of ($1.6) million for the quarter, compared with Adjusted EBITDA of ($3.0) million for the prior year quarter, an improvement of $1.4 million. NEW YORK, May 20, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ:XELB) ("Xcel" or the "Company"), a media and consumer products company with significant expertise in livestream shopping and social commerce, tod
NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ:XELB) ("Xcel" or the "Company") today announced that it will report its second quarter 2024 financial results on August 14, 2024. The Company will hold a conference call with the investment community on August 14, 2024, at 9:30 a.m. ET. A webcast of the conference call will be available live on the Investor Relations section of Xcel's website at https://xcelbrands.co/pages/events-and-presentations or directly at https://edge.media-server.com/mmc/p/ak4caro7. Interested parties unable to access the conference call via the webcast may dial 800-715-9871 or 646-307-1963 and use the Conference ID 7639516. A replay of the web
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ:XELB) ("Xcel" or the "Company"), today announced that it will report its first quarter 2024 financial results on May 20, 2024. The Company will hold a conference call with the investment community on May 20, 2024, at 5:00 p.m. ET. A webcast of the conference call will be available live on the Investor Relations section of Xcel's website at https://xcelbrands.co/pages/events-and-presentations or directly at https://edge.media-server.com/mmc/p/r52mtx59. Interested parties unable to access the conference call via the webcast may dial 800-715-9871 or 646-307-1963 and use the Conference ID 3975904. A replay of the webcast wi
GAAP net loss of $6.8 million for the quarter, compared with GAAP net loss of $6.0 million in the prior year quarter.Adjusted EBITDA of ($1.2) million for the quarter, compared with Adjusted EBITDA of ($5.9) million for the prior year quarter, an improvement of $4.7 million.GAAP net loss of $21.1 million for the current year, compared with GAAP net loss of $4.0 million in the prior year, which included a $20.6 million gain on the sale of a majority interest in the Isaac Mizrahi brand.Adjusted EBITDA of ($5.7) million for the year, compared with Adjusted EBITDA of ($12.5) million for the prior year, an improvement of $6.8 million. NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Xcel Brands,
NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Longaberger and Crayola are excited to introduce a new partnership and the launch of their home accessory collection. The collection features vibrant, fun designs that embody the spirit of creativity. This collection will launch exclusively on Longaberger.com. Tailored for spring and year-round happiness, this new collection introduces four captivating baskets in multiple colorways. Elevating our basket designs through creative expression creates a selection perfect for collectors—Crayola and Longaberger lovers alike. Each basket features distinct Crayola characteristics, iconic Crayola colors, and hand-woven craftmanship. "We are thri
Appointment Represents Next Step for Halston as a Driving Force in Xcel's Creation of a Live-Selling Ecosystem that Enables Its Brands to Connect Directly with Consumers Xcel Brands, Inc. (NASDAQ:XELB), a media and consumer products company with unparalleled expertise in livestream shopping, today announced that it has appointed Ken Downing as Creative Director of the Halston brand, effective August 1, 2022. Widely known for his tenure as the visionary fashion director of Neiman Marcus, Downing will oversee the evolution of Halston in his new role and serve as the public face and voice of the brand, including through hosting Halston livestream sessions over all screens. "This appointment
Xcel Brands (NASDAQ:XELB) reported quarterly losses of $(0.09) per share which beat the analyst consensus estimate of $(0.18) by 50 percent. The company reported quarterly sales of $2.184 million which missed the analyst consensus estimate of $2.200 million by 0.70 percent.
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