Welcome to our dedicated page for Xcel Brands news (Ticker: XELB), a resource for investors and traders seeking the latest updates and insights on Xcel Brands stock.
Xcel Brands, Inc. (XELB) is a leader in consumer brand management, leveraging design innovation and omnichannel retail strategies across its portfolio of fashion and lifestyle brands. This dedicated news hub provides investors and industry professionals with timely access to corporate developments, financial updates, and strategic initiatives.
Our curated collection of press releases and news articles serves as an essential resource for tracking XELB's brand licensing partnerships, retail expansions, and product launches. Key updates include earnings announcements, leadership changes, and collaborations that shape the company's market position.
Discover official communications covering design innovations, retail channel developments, and licensing agreements that drive Xcel Brands' growth in competitive consumer markets. All content is organized for quick scanning while maintaining depth for thorough analysis.
Bookmark this page to stay informed about XELB's evolving strategies in brand management and digital retail integration. Regular updates ensure you never miss critical information impacting the company's performance in fashion licensing and consumer products.
Xcel Brands (NASDAQ: XELB) has announced a 1-for-10 reverse stock split effective March 25, 2025. The company's common stock will continue trading on Nasdaq under 'XELB' with a new CUSIP number 98400M200.
For every ten shares of issued and outstanding common stock, stockholders will receive one share. While ownership percentages remain unchanged, no fractional shares will be issued. Instead, affected stockholders will receive cash payments based on the closing price before the amendment date multiplied by the reverse split ratio.
The split, approved by stockholders on March 12, 2025, aims to bring the company into compliance with Nasdaq's $1.00 minimum bid price requirement. The company's transfer agent, Continental Stock Transfer & Trust Company, will manage the exchange process, with automatic adjustments for shares held through brokers.
Xcel Brands (NASDAQ: XELB) reported Q3 2024 financial results with a net loss of $9.2 million, including a $6.3 million non-cash charge for contingent obligation, compared to a $5.1 million loss in Q3 2023. Total revenue decreased 28% to $1.9 million. The company's non-GAAP net loss improved by 56% to $1.3 million, while Adjusted EBITDA was negative $1.0 million, showing improvement from negative $1.4 million in the prior year quarter.
Direct Operating Costs decreased by 50% to $2.8 million. The company secured a new $10 million term loan in November 2024, providing approximately $5 million in additional liquidity. Revenue decline was primarily due to the Lori Goldstein brand divestiture and hurricane-related show cancellations at their interactive TV retailer's location.
Xcel Brands (NASDAQ: XELB) has scheduled its third quarter 2024 financial results announcement for December 20, 2024. The company will host a conference call with investors on December 23, 2024, at 5:00 p.m. ET. Investors can access the conference call through a webcast on Xcel's website or by dialing 800-715-9871 or 646-307-1963 using Conference ID 9838743. A replay of the webcast will be available on the company's website.
Xcel Brands (NASDAQ: XELB) has received a delinquency notification from Nasdaq on November 25, 2024, for failing to file its Q3 2024 Form 10-Q on time. This non-compliance with Nasdaq Listing Rule 5250(c)(1) does not immediately affect the company's listing status. Xcel must submit a compliance plan within 60 days, and if accepted, Nasdaq may grant an extension until May 19, 2025, to regain compliance. The company plans to file the Form 10-Q within the 60-day window to maintain its listing requirements.
Xcel Brands (NASDAQ: XELB) reported its Q2 2024 financial results, showing a net income of $0.2 million compared to a $3.5 million loss in Q2 2023. The company's net licensing revenues grew 16% year-over-year, driven by new licenses and brand launches. Direct Operating Costs decreased by 40% to $3.1 million. Adjusted EBITDA approached break-even, improving from negative $1.3 million in Q2 2023.
Total revenue for Q2 2024 was $3.0 million, down 56% from Q2 2023, primarily due to the discontinuation of wholesale businesses. The company's balance sheet showed stockholders' equity of $44 million and cash and cash equivalents of $0.9 million as of June 30, 2024.
Xcel Brands, Inc. (NASDAQ: XELB) has 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 the same day at 9:30 a.m. ET. Investors can access the webcast of the conference call live on the Investor Relations section of Xcel's website or directly through a provided link. For those unable to access the webcast, dial-in options are available. A replay of the webcast will be made available on Xcel's website for those who cannot attend the live call.
Xcel Brands, a media and consumer products company, announced its Q1 2024 results. Net licensing revenues remained steady at $2.2 million. The company saw a significant reduction in direct operating costs and expenses, down 43% to $4 million. However, Xcel reported a GAAP net loss of $6.3 million, up from a $6 million loss in the same period last year.
The company attributed the revenue decline primarily to the discontinuation of its wholesale businesses under Project Fundamentals. Despite these challenges, Xcel's adjusted EBITDA improved to a negative $1.6 million, compared to negative $3 million last year.
The balance sheet reflected stockholders' equity of approximately $44 million and cash equivalents of $1.6 million. The company's term debt stood at $4.7 million, with $1 million as short-term debt. CEO Robert D'Loren expressed optimism regarding the company's restructuring and future growth.
Xcel Brands (NASDAQ: XELB) announced that it will report its first quarter 2024 financial results on May 20, 2024.
The company has scheduled a conference call for the same day at 5:00 p.m. ET to discuss the earnings. The call will be accessible through a live webcast on Xcel's Investor Relations website or by dialing specified phone numbers with Conference ID 3975904.
A replay of the webcast will also be available on the company's website.
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